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TUESDAY DEADLINE REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Hecla Mining Company and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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07/23/2019 | 08:57am EDT

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Hecla Mining Company (“Hecla” or “the Company”) (NYSE: HL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Hecla’s operations in Nevada suffered a wide range of material problems causing them to hemorrhage cash. The problems were identified by the Company during due diligence of the Nevada mines. Based on these continuing problems, the Company could not reasonably claim that the Nevada operations would be cash flow-positive or self-funding. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Hecla, investors suffered damages.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2019
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