According to the Complaint, Hecla Mining Company purports to discover, acquire, develop, and produce silver, gold, lead and zinc. The Company produces lead, zinc and bulk concentrates, which Hecla sells to custom smelters and brokers, and unrefined precipitate and bullion bars (doré) containing gold and silver, which are further refined before sale to precious metals traders. Prior to the start of the Class Period, the Company was organized and managed in four segments that encompassed its operating units: the Greens Creek, Lucky Friday, Casa Berardi, and San Sebastian units.

The Complaint alleges that during the Class Period, Defendants falsely and misleadingly represented that the Nevada operations would be “accretive” and cash flow positive, or at the very least “self-funding”, but this was not true.

On June 11, 2019, Plaintiffs filed a copy of the Complaint with certification attached. On March 25, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiffs and Counsel. All future docketing was ordered to be done in the lead case 19-CV-04883.

Lead Plaintiffs filed a consolidated Complaint on September 9, 2020. Defendants filed a Motion to Dismiss the consolidated Complaint on December 9. On February 22, 2023, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.

Lead Plaintiffs filed an amended consolidated Complaint on March 29, 2023. On April 4, Lead Plaintiffs filed a second amended consolidated Complaint.