Governance & Ethics

Strong governance strengthens Hecla’s policies and performance, and it distinguishes us as a respected precious metals producer. Our management and employees must act with integrity and professionalism, reporting risks or mistakes promptly, prioritizing the company’s best interests, and sharing relevant information responsibly while maintaining confidentiality and avoiding conflicts of interest. We strive to foster a collaborative environment by building trust and encouraging collective problem-solving.

Board of Directors

Our Board of Directors (the “Board”) is made up of eight members that bring a broad range of expertise, skills, professional experience and industry background. The Board oversees the Company’s business strategy with the goal of delivering long-term value to shareholders and stakeholders and monitors and assesses risk exposure in the following areas:

Operational
Strategic
Legal and regulatory
Reputational
Financing, including borrowing, liquidity, capital allocation and hedging

About The Board

Six of seven directors are independent

43% of the Board is female

14% racial/ethnic diversity

71% refreshment of independent Board members since 2021

The positions of CEO and Chairperson of the Board are held separately

Average tenure is approximately 5.7 years

Average age of our directors is 63

Directors cannot be nominated for re-election after their 75th birthday

Management

Hecla’s business units identify and manage business risks, and our management provides updates via business reports at meetings of the Board and its committees throughout the year.

Executive Officers

Corporate Governance Documents

Bylaws

Corporate Governance Guidelines

Code of Business Conduct

Code of Ethics: CEO and Senior Financial Officers

Whistleblower Policy

Restated Certificate of Incorporation

Company Policies

Human Rights Statement

Safety & Health Policy

Supplier Code of Conduct

Bribery & Anti-Corruption Policy (included in Code of Conduct)

Sustainability Policy

Committees and Charters

The Board has established five committees and has developed charters which outlines their key risk oversight and responsibilities.

Audit Committee

Committee Members

Chairperson
Jill Satre

Charles B. Stanley

Alice Wong

Catherine J. Boggs

Responsibilities

Manages financial statement integrity and reporting
Monitors internal controls
Oversees audit work
Monitors compliance with securities and financial regulations
Manages major financing and other business risk exposures
Oversees major Information security, technology, and privacy and data protection

Audit Committee Charter

Governance & Social Responsibility Committee

Committee Members

Chairperson
Alice Wong

Catherine J. Boggs

Mark P. Board

Jill Satre

Responsibilities

Identifies and monitors environmental, climate, health, safety, sustainability, public policy and social trends, issues, guidance, concerns and risks, and other corporate responsibility matters (collectively ESG)
Evaluates and develops recommendations regarding adopting ESG policies, systems, strategies, and initiatives
Identifies the selection of qualified candidates to become directors
Develops and recommends Corporate Governance Guidelines and principles
Oversees evaluation of the Board and management

Governance & Social Responsibility Committee Charter

Compensation Committee

Committee Members

Chairperson
Charles B. Stanley

Alice Wong

Mark P. Board

Dean Gehring

Responsibilities

Oversees executive compensation policies and practices
Assesses the Company’s compensation arrangements to determine if their provisions and operations create undesired or unintentional risks of a material nature
Approves compensation levels and programs for the executive officers, including the CEO

Compensation Committee Charter

Health, Safety, Environmental & Technical Committee

Committee Members

Chairperson
Mark P. Board

Charles B. Stanley

Alice Wong

Dean Gehring

Responsibilities

Oversees operational and other technical risks, reserves, environmental, health and safety compliance, as well as risks related to public policy initiatives
Monitors the implementation and effectiveness of health, safety, environmental and sustainability policies and systems
Oversees strategy and efforts to protect and improve the quality of the environment, including climate change and sustainability policies and programs
Monitors efforts to create a culture of continuous improvement related to health, safety, environmental and sustainability practices

Health, Safety, Environmental & Technical Committee Charter

Executive Committee

Chairperson
Rob Krcmarov

Chair of the Board
Catherine J. Boggs

Non-Executive Stock Award Committee

Rob Krcmarov
Chairperson

Catherine J. Boggs
Chair of the Board

Accountability for Environment Social & Governance (ESG)

Accountability for Environment, Social & Governance

Hecla is committed to operating with the highest standards of ethics and integrity to earn the trust of our shareholders and other stakeholders, including employees, suppliers, investors, First Nation partners, regulators, and local communities.

We have implemented a comprehensive set of practices related to corporate governance at Hecla, which support transparent reporting on our company and accountability for our Board of Directors and management.

Among our corporate governance advancements in 2025, we implemented a new software-based tool for enterprise risk planning, adopted a sustainability policy, and created a new executive position with responsibility for implementing sustainability goals.

Sustainability Oversight

Oversight of sustainability matters is shared between two committees of the Board of Directors: the Health, Safety, Environmental and Technical (HSET) Committee and the Governance and Social Responsibility Committee.

Executive Level

At the executive level, several leaders share responsibility for sustainability implementation, including:

Senior Vice President – Chief Operating Officer
Senior Vice President – General Counsel
Vice President – Sustainability

These executive positions report directly to the President and CEO.

Local Level

At the local level, site-level managers and employees lead our efforts to achieve sustainability goals, providing alignment between corporate strategy and local operations.

Director Communications

Shareholders or other interested parties wishing to communicate with the Chair or with the non-management directors as a group, may do so by delivering or mailing the communication in writing to:

Chair of the Board
c/o Corporate Secretary
Hecla Mining Company
6500 N Mineral Dr., Suite 200
Coeur d’Alene, Idaho 83815-9408

Concerns relating to accounting, internal controls or auditing matters are immediately brought to the attention of our internal auditor and handled in accordance with procedures established by the Audit Committee with respect to such matters. From time to time, the Board may change the process in which shareholders may communicate with the Board or its members.

Governance & Ethics

Board of Directors

About The Board

Management

Corporate Governance Documents

Company Policies

Committees and Charters

Audit Committee

Committee Members

Responsibilities

Governance & Social Responsibility Committee

Committee Members

Responsibilities

Compensation Committee

Committee Members

Responsibilities

Health, Safety, Environmental & Technical Committee

Committee Members

Responsibilities

Executive Committee

Non-Executive Stock Award Committee

Accountability for Environment Social & Governance (ESG)

Sustainability Oversight

Executive Level

Local Level

Director Communications

Investors: 800.432.5291

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