SPOKANE, Wash. (AP) — Hecla Mining Co. had a banner year in 2010.
The Coeur d’Alene, Idaho, company enjoyed the highest annual revenue and operating cash flow in its 120-year history, at $418 million in revenue and $35 million in net income to common shareholders. The company produced 10.6 million ounces of silver and its silver reserves increased to 142 million ounces.
The company also says it has enough money to meet its financial obligations to help clean up a century of mining pollution in Idaho’s Silver Valley. The company is currently negotiating with the Environmental Protection Agency for a settlement.
The company says it has set aside $262 million toward a potential settlement.