StocksMedium•10 November 2026•
1 min read
Hecla Mining to Redeem All Outstanding Series B Preferred Stock in December
Key Facts
1Hecla Mining Company has called for the redemption of all outstanding shares of its Series B Cumulative Convertible Preferred Stock.
2The redemption of the Series B preferred stock is scheduled to be effective on December 11, 2026.
Hecla Mining Company has called for the redemption of all outstanding shares of its Series B Cumulative Convertible Preferred Stock. Benzinga reported that the redemption is scheduled to become effective on December 11, 2026, as the company exercises its right to retire the remaining shares of this class.
HL closed at $15.41 on November 9, 2026, following a trading session that saw a high of $15.72 and a low of $15.28. The move is expected to streamline the company's capital structure and reduce its ongoing dividend obligations to preferred shareholders.