Hecla Mining Names Cassie Boggs as Interim CEO

Hecla Mining Company (NYSE:HL) has announced a significant leadership transition, with Catherine J. “Cassie” Boggs appointed as the Interim President and Chief Executive Officer, taking over from Phillips S. Baker Jr. who is retiring from the Company after nearly 23 years of service. As part of the transition, Charles B. Stanley has been named Lead Independent Director effective May 23, 2024. The new interim CEO will be supported by a committee comprised of Russell Lawlar, Senior Vice President – Chief Financial Officer, Carlos Aguilar, Vice President – Operations, and Mike Clary, Senior Vice President – Chief Administrative Officer.

Boggs expressed her gratitude for the opportunity to lead the company during a period of growth and innovation, emphasizing her commitment to delivering long-term value for shareholders. She also acknowledged the contributions of the outgoing CEO and outlined plans for the immediate search for a new Chief Executive. Boggs stressed that Hecla’s mining operations will continue without interruption, with the management team providing support and guidance throughout the leadership transition.

With over 40 years of experience in the domestic and international mining space, including leadership roles at Resource Capital Funds and Barrick Gold Corporation, Boggs brings a wealth of expertise to her new position. She is also a director of Capital Limited and an Adjunct Professor at the University of Denver, Sturm College of Law.

Founded in 1891, Hecla Mining Company is the largest silver producer in the United States, operating mines in Alaska, Idaho, and Quebec, Canada, and developing a mine in the Yukon, Canada. The company also owns exploration and pre-development projects in silver and gold mining districts throughout North America. The market has reacted to these announcements by moving the company's shares -2.9% to a price of $5.77. Check out the company's full 8-K submission here.

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