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Hecla Mining Agrees To Settlement Of Labor Charge

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(Kitco News) - Hecla Mining Co. (NYSE: HL) says it has reached an agreement – without any admission of fault, back payments or penalties – with the National Labor Relations Board to settle the unfair labor practice charge filed by the United Steelworkers in March 2017 over a strike at the Lucky Friday Mine in Idaho. “This action does not resolve the key differences in the ongoing labor dispute, nor put the two sides closer to a contract,” Hecla says. As part of the settlement, Hecla says it has rescinded the terms of its last, best and final offer implemented in March 2017. Since then, Hecla and United Steelworkers’ representatives have met over 20 times, officials said. A revised final offer was presented to the United Steelworkers’ representatives in December and remains on the table. Hecla said its production guidance remains unchanged, with no material production expected from the Lucky Friday Mine in 2018.

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