Wheaton Precious Metals Amends Hecla Mining Stake

TL;DR

**Wheaton Precious Metals just updated their Hecla Mining stake, watch for market reaction.**

AI Summary

Wheaton Precious Metals Corp. filed an amended SC 13G/A on February 13, 2024, indicating their ownership of Hecla Mining Company's common stock as of December 31, 2023. This filing is an amendment (Amendment No. 1) to a previous filing, meaning there's been a change in their reported ownership. This matters to investors because Wheaton Precious Metals Corp. is a significant holder, and changes in their stake can signal their confidence (or lack thereof) in Hecla Mining's future prospects, potentially influencing other investors.

Why It Matters

This filing updates Wheaton Precious Metals Corp.'s reported ownership in Hecla Mining, providing transparency on a major institutional investor's position, which can influence market sentiment.

Risk Assessment

Risk Level: low — This filing is a routine update on an existing ownership position and does not indicate any immediate, significant risk.

Analyst Insight

An investor should review the full SC 13G/A filing to understand the specific changes in Wheaton Precious Metals Corp.'s ownership percentage and share count, as this could signal their updated conviction in Hecla Mining's future.

Key Numbers

• 422704106 — CUSIP Number (identifies Hecla Mining Company's Common Stock)
• 0000719413 — Hecla Mining Company CIK (Central Index Key for Hecla Mining Company)
• 0001323404 — Wheaton Precious Metals Corp. CIK (Central Index Key for Wheaton Precious Metals Corp.)

Key Players & Entities

• Wheaton Precious Metals Corp. (company) — the reporting person and a significant shareholder
• Hecla Mining Company (company) — the subject company whose stock is being reported
• $0.25 (dollar_amount) — par value per share of Hecla Mining Company Common Stock
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Wheaton Precious Metals Corp. will continue to be a significant shareholder in Hecla Mining Company. (Wheaton Precious Metals Corp.) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.25 — me of Issuer) Common Stock, par value $0.25 per share (Title of Class of Securiti

Filing Documents

• eh240448214_13ga1-hecla.htm (SC 13G/A) — 42KB
• 0000950142-24-000370.txt ( ) — 44KB

From the Filing

SC 13G/A 1 eh240448214_13ga1-hecla.htm AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Hecla Mining Company (Name of Issuer) Common Stock, par value $0.25 per share (Title of Class of Securities) 422704106 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed. Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise CUSIP No. 422704106 SCHEDULE 13G Page 2 of 5 1 NAME OF REPORTING PERSON Wheaton Precious Metals Corp. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Ontario, Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 34,980,209 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 34,980,209 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 34,980,209 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7% (1) 12 TYPE OF REPORTING PERSON CO (1) The ownership percentage is based on an aggregate of 617,767,667 shares of common stock, par value $0.25 per share, of the Issuer issued and outstanding as of September 30, 2023, based on the Issuer’s Quarterly Report, filed on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 7, 2023, and the Issuer’s Form 8-K filed with the SEC on November 7, 2023. CUSIP No. 422704106 SCHEDULE 13G Page 3 of 5 ITEM 1. (a) Name of Issuer: Hecla Mining Company (the “Issuer”) (b) Address of Issuer’s Principal Executive Offices: 6500 North Mineral Drive, Suite 200 Coeur d’Alene, ID 83815-9408 ITEM 2. (a) Name of Person Filing: Wheaton Precious Metals Corp. (“Wheaton”) (b) Address of Principal Business Office, or if None, Residence: The Principal Business Office of Wheaton is: Suite 3500 - 1021 West Hastings Street Vancouver, British Columbia V6E 0C3 Canada (c) Citizenship: Wheaton is a corporation organized under the laws of Ontario, Canada. (d) Title of Class of Securities: Common Stock, par value $0.25 per share (e) CUSIP Number: 422704106 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO § 240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: Not applicable. CUSIP No. 422704106 SCHEDULE 13G Page 4 of 5 ITEM 4. (a) Amount beneficially owned: See Row 9 of the cover page. (b) Percent of class: See Row 11 of the cover page. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote See Row 5 of the cover page. (ii) Shared power to vote or to direct the vote See Row 6 of the cover page. (iii) Sole power to dispose or to direct the disposition of See Row 7 of the cover page. (iv) Shared power to dispose or to direct the disposition of See Row 8 of the cover page. ITEM 5. Not applicable. ITEM 6. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. ITEM 10. CERTIFICATIONS. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11. CUSIP No. 422704106 SCHEDULE 13G Page 5 of 5 After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 2024 WHEATON PRECIOUS METALS CORP. By: /s/ Curt Bernardi Name: Curt Bernardi Title: Senior Vice President, Legal and Corporate Secretary

View Full Filing

View this SC 13G/A filing on SEC EDGAR