The information disclosed under Item 3.02 and in Exhibit 10.1 is incorporated herein by reference.

On Tuesday, February 10, 2009, Hecla issued approximately 42,621 shares of 12% Convertible Preferred Stock to our lenders in connection with the Fourth Amendment to Amended and Restated Credit Agreement entered into by us on February 3, 2009, as previously disclosed on our Current Report on Form 8-K filed on February 4, 2009. The initial conversion price for the 12% Convertible Preferred Stock shall be $1.74 per share of Common Stock for which the 12% Convertible Preferred Stock is convertible. The information disclosed in Exhibit 10.1 is incorporated herein by reference.

On Tuesday, February 10, 2009, Hecla announced it completed its previously announced underwritten public offering of 36.8 million shares of its common stock and Series 3 Warrants to purchase up to 18.4 million shares of its common stock, which includes the underwriters' exercise of their over-allotment option for 4.8 million shares of common stock and Series 3 Warrants to purchase up to 2.4 million shares of common stock.

Hecla intends to use the net proceeds from this offering to repay in full its $40 million bridge loan facility and approximately $8 million under its term loan facility. The remaining proceeds shall be used for general working capital requirements.

A copy of the press release making the announcement is filed herewith as Exhibit 99.1 and incorporated into this Item 8.01 by reference.

(d) Exhibits.

Exhibit
Number    Description
10.1      Fourth Amendment to Credit Agreement effective February 3, 2009, by and
          among Hecla Mining Company, The Bank of Nova Scotia, as the Administrative
          Agent for the Lenders, and various Lenders. Filed as Exhibit 10.5 to
          registrant's Current Report on Form 8-K filed on February 4, 2009 (File
          No. 1-8491), and incorporated herein by reference.

99.1      Press Release dated February 10, 2009.