Hecla Mining calls all outstanding preferred shares for redemption on December 11, 2026
HL•Hecla Mining will redeem all 150,736 outstanding Series B preferred shares on December 11, 2026, for $50.6806 per share, or approximately $7.64 million. Holders can instead convert their shares into common stock at $15.55 per share by 5 p.m. New York time on December 10.
1. Redemption terms
Hecla Mining will redeem all outstanding Series B Cumulative Convertible Preferred Stock on December 11, 2026, at $50.6806 per share, including $0.6806 in accrued dividends. Dividend accrual ends on the redemption date, and redeeming all 150,736 shares would require approximately $7.64 million in cash.
2. Conversion option
Holders may convert their shares into common stock at $15.55 per share before 5 p.m. New York time on December 10, 2026. Full conversion would result in approximately 484,700 common shares; holders who convert will receive no accrued dividends.
