Hecla Settles...Finally we can move on
So, yesterday it was released that Hecla consents to the state of Idaho, the Coeur d’Alene Tribe of Idaho, the EPA and other fed organizations. The article is exhausting, and the financial aspects, or payments, that HL will have to make and the timetable for said payments can be found between pgs. 10-16, though the article is much longer than that. And admittedly, I haven't read it all and don't know that I will.
Throughout this court battle, what has grabbed my goat is the fact that HL is getting sued for something it did while that action was acceptable and legal. Once changes to environmental law occured, they changed their methods, but get dinged for previously acceptable environmental policies.
Nonetheless, the road will be rocky but HL will survive. They have such a low cash cost, and are still on production track even in light of the Lucky Friday Mine collapse, so this bump in the road will pass as well.
Enjoy the reading