MASHINIi

Hecla Mining.

HL.US | Mining of other non-ferrous metal ores

Hecla Mining Company is a precious metals mining company. It primarily explores for, develops, acquires, and produces silver, gold, lead, and zinc. The company operates mines located in Alaska, Idaho, and Quebec, Canada. Hecla sells its concentrates and bullion to custom smelters, refiners, and meta...Show More

Ethical Profile

Mixed.

Hecla Mining, a primary US silver producer, presents a mixed ethical profile. The company reduced its Scope 1 and 2 GHG emissions by 38% from a 2019 baseline, with some mines like Casa Berardi and Greens Creek utilizing 100% renewable hydropower. However, Hecla faced a $143,124 fine for hazardous waste management and disposal violations, including allegedly improper lead-containing waste disposal and failure to conduct inspections. On worker respect, its CEO pay ratio of 17:1 is among the fairest in the sector, and a six-year union agreement was ratified at the Lucky Friday Mine. Critics point to the inherent environmental impacts of mining and a lack of data on living wage coverage or labor violation incidents.

Value Scores

Better Health for All-60
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-60

Hecla Mining's operations have caused severe, widespread health damage to communities. The company has incurred over $265 million in environmental penalties since 2000, including for hazardous waste violations.

1
These major health-harming externalities include the disposal of hazardous waste containing lead
2
and potential pollution of public lands, which are linked to public health protection by the EPA's Resource Conservation and Recovery Act (RCRA).
3
In 2023, the company was penalized $143,124 for hazardous waste management violations.
4
The company has stated it will continue to clean up lead-contaminated soil, indicating ongoing remediation for significant community health impacts.
5

Fair Money & Economic Opportunity

0

No evidence available to assess Hecla Mining on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

20

In 2024, the CEO pay ratio was 17:1

1
, with CEO Rob Krcmarov receiving $1,787,769
2
and the median employee pay at $106,647
3
. The overall employee rating is 3.2 out of 5 stars
4
, which is equivalent to 64/100.

Fair Trade & Ethical Sourcing

0

The provided articles do not contain any quantitative data relevant to fair trade and ethical sourcing metrics. Specifically, there is no information on fair-trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, materials risk index, or supplier diversity spend. No regulatory actions, violations, or fines are mentioned.

1

Honest & Fair Business

0

No quantitative data or specific details regarding Hecla's governance and ethics were provided in the article.

1
The article is focused on general statements of policy and principles, not on metrics or specific instances relevant to the KPIs.

Kind to Animals

0

Hecla Mining Company states it conducts no animal testing, indicating a comprehensive no-testing policy.

1
Consequently, no live animals are used or counted in testing annually, and there are no in-house or contracted animal testing operations.
2
The company is also committed to protecting biodiversity at its mine sites and surrounding habitats, including returning land to productive uses when mines close and safeguarding biodiversity.
3

No War, No Weapons

0

No specific, concrete data points or verifiable facts were found in the provided articles to assess Hecla Mining Company against any of the 'No War, No Weapons' KPIs. The articles focus on internal company agreements

1
and general governance principles
2
without providing quantitative metrics, regulatory actions, certifications, or specific details related to arms, defense, dual-use technologies, or peacebuilding initiatives.

Planet-Friendly Business

-60

Hecla Mining Company reported no regulatory actions, violations, fines, or compliance issues for 2024.

1
However, in 2019, the company was fined $143,124 by the EPA for five violations related to hazardous waste management and disposal at its Greens Creek Mine.
2
These violations included improper disposal of lead-containing waste, failure to conduct weekly inspections of storage areas, failure to determine if mining waste was hazardous, and improper labeling of a used oil container.
3
The company has since fixed these violations and cleaned up contaminated soil.
4
Hecla Mining has also benchmarked its performance against the TCFD framework.
5

Respect for Cultures & Communities

0

Hecla Mining has a formal partnership with the First Nation of Na-Cho Nyäk Dun (FNNND) government, involving them in a steering committee for the Keno Hill reclamation plan

1
. At its Greens Creek Mine, the company collaborates with Tlingit leaders and recruits over 30% of its workforce from Juneau and local communities
2
. The Greens Creek Mine also maintains open stakeholder dialogue through regular public meetings and transparent problem-solving communications
3
. In 2022, Hecla made USD 738,000 in scholarships and donations
4
. The company's direct economic impact in its communities was over USD 891 million in 2022, including USD 278 million from its Casa Berardi gold mine
5
. Hecla's Director of Indigenous Affairs and Canadian Community Relations, Loralee Johnstone, was recognized with the King Charles III Coronation Medal for her dedication to responsible and sustainable mining practices in the Yukon
6
.

Safe & Smart Tech

0

No evidence available to assess Hecla Mining on Safe & Smart Tech.

Zero Waste & Sustainable Products

0

No evidence available to assess Hecla Mining on Zero Waste & Sustainable Products.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.