Slide 1: Investor Luncheon: Executing Our Strategy, Creating Per-Share Value
MINING COMPANY Investor Luncheon Executing Our Strategy,. Creating Per-Share Value ree See October 20/21, 2016
Slide 2: Cautionary Statements
7 = MINING COMPANY 25 Yas Cautionary Statements INCE 160% (Cautionary Statemers Regarding Forward Looking Statements ‘Ths pesariton covtans “owarloking sstererts win fe mearng of SecSon 27A ofthe Seouttes Act of 1933, as amended and SecSon 21E ofthe Secures Exchange Act of 1834, as amended, vhich ae
Slide 3: A Balance of Experience
MINING COMPANY A Balance of Experience Barrick Placer Gold Goldcorp Kinross Stillwater Coeur Mining Duke Energy Rio Tinto Itasca Iamgold Hecla
Slide 4: Strategy Creates Per Share Value
7 = MINING COMPANY = —— Growth ne Production Reserves & Cash-Flow Resources ; Capture High Return Price Cycles Improve Investments Productivity Stability and Social Licens Financial Disci Committed, Talented and Safe Workers SILVER, Gold and other metal® LONG TERM GOAL: S&P 500 Listing Strategy Crea
Slide 5: Strategy Has Added Moz of Silver Reserves Over Past 10 Years
“us iia, Strategy Has Added 294 Moz of “~~ Silver Reserves Over Past 10 Years* “* Discovered or Acquired 295 Moz Over the Past 10 Years 175 Moz Silver Ount 200 2 i= 150 Reserve 100 7) Additions af 3 z 50 4 6b lle 2 a EH a (80) aL cumulative ction 119 Moz 2008 2009-2010 201i. 2012-2013. 2014-2015 (10
Slide 6: Strategy Has Worked Despite Using the Lowest Silver Reserve Prices in 2016
7 = MINING COMPANY 5 Yours Strategy Has Worked Despite Using the “"“ Lowest Silver Reserve Prices in 2016 $19.00 $17.00 $17.00 $1750 $14.50, $16.00 $16.00 i Agnico , Endeavour , Pan Kinross , First “Coeur - ut Newmont , Eagle American Majestic $1,200 $1,200 $1,200 $1,200 $1,180 r $1,150 1 1 $1,100 1
Slide 7: Future Increases in Reserves Are Expected Because of Our Strategy
MINING COMPANY Future Increases in Reserves Are Expected Because of Our Strategy > Past investment has led to record setting silver reserves for 10 years in a row > Increased reserves enabled increased production while extending mine lives > All four operating mines continue to replace and increase
Slide 8: Silver, Gold and AgEq Production Growth
Silver Production Growth AgEq Production Growth! 16:3. Moz 44.5 Moz +154%} +211% 2012 2016E 2016E Gold Production Growth 233 Koz 2016 expected have the highest silver equivalent production in +320% Hecla’s 125 year history 2012 2016E 2. 2012 siver equivaletiniations bazedon: $31.15/or sive, $1,559/a
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Slide 10: Strategy Has Increased Value on a Per Share Basis
MINING COM 5 Yor Strategy Has Increased Value ona “Per Share Basis AgEq? Reserve Per Share AgEq Production Per Share 2012-2015 CAGR 2012-20163 CAGR Peer Group! Peer Group? OCF - CAPEX Per Share 2012-20163 CAGR Strong growth plus disciplined Peer Group! Hecla share issuance has created strong shareho
Slide 11: Roadmap for Value and Growth
7 = MINING COMPANY = Ye. f< Roadmap for Value and Growth A Strong Foundation Greens Creek Lucky Friday Casa Berardi Immediate Securing Growth The Long Term Future Greens Creek Productivity Existi Mi Lucky Friday bean te La #4 Shaft Rock Creek Casa Berardi Buses Montanore San Sebastian Exploration Dr
Slide 12: Operations, Innovation, Exploration: Building the Core of Our Strategy
MINING COMPANY Operations, Innovation, Exploration Building the Core of Our Strategy October 20/21, 2016
Slide 13: North American Focused Asset Portfolio
North American Focused Asset Portfolio Operationsin Greens Creek Low-Risk + Mining-Friendly Pes RAEI Gt Jurisdictions * Corporate Offices Operating mines 1D Opinaca/Wwildcat Casa Berardi 7*™*°5#¥/9° . Vancouver, BC ie Val d’Or, QC ™ Pre-development Fayolle ye yal d'or, QC coeur Montanore, ttbywt_ va
Slide 14: Safety Remains the Top Priority
ET Safety Remains the Top Priority Hecla All Injury Frequency Rate (AIFR)
Slide 15: Strong YTD 2016 Production
MINING COMPANY "BE Yours SINCE 1601 Greens Creek Silver Up 19% YTD li 93/16 jj 4.6 Moe 1/16 7.0 Moz 5.9 Moz 93/15 H1/15 Strong YTD 2016 Production Casa Berardi Gold Up 22% YTD 104.3 Koz 85.6 Koz 93/15 56.4 7 Koz H1/15 YTD 2015 YTD 2016 YTD 2015 Lucky Friday Silver Up 33% YTD 2.7 Moz 2.0 Moz 93/15 {
Slide 16: Greens Creek: Consistent, Low-Cost Production
MINING COMPANY Greens Creek Consistent, Low-Cost Production October 20/21, 2016
Slide 17: Greens Creek: Consistent Low-Cost Production
MINING COMPANY PE Yours Yours SINCE 1691, AW A Greens Creek Consistent Low-Cost Production Q2 2016 2.11 Moz 12 koz $43.7M $5.38/oz! 2016E 8.5 Moz 53 koz - $5.00/oz2 2016E Capital $48 M (Includes $14M for tailings expansion) FCF H1 20163 $28.8 million FCF To Date $983 million
Slide 18: Ramp
26 Ramp { [East Ore New Dev) m Lower NWW Ramp) (NWW Primary Dev) Lower 480 Ramp (200s New Dev}
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Slide 20: Innovation at Greens Creek Drives Free Cash Flow Despite Grade Declines
PEE Yours 7 Innovation at Greens Creek Drives Free “ Cash Flow Despite Grade Declines 1,200 (200) * Net Cash Flow includes all capex, working capital changes, and lease financing expenses
Slide 21: Record of Improvement
EE ck Record of Improvement
Slide 22: Increasing Recoveries Add Value
ae In sing Recoveries Add Value
Slide 23: Improving Mining Based on Information
ess Improving Mining Based on Information
Slide 24: Ventilation on Demand
MINING COMPANY Z=Ya. Nentilation is a Large Power Consumer On Demand Can Dramatically Reduce Consumption Example of Ventilation on Demand Implementation -24-
Slide 25: Additional Investments in Productivity Improvements
MINING COMPANY “2s Yas Additional Investments in Productivity Improvements Installing Tele-Remote Mucking & Autonomous Trucking Up to 15% more productivity -25-
Slide 26: Remote & Autonomous Equipment Operation Increases Time at the Mining Face
MINING COMPANY “BE Yours Remote & Autonomous Equipment ““ Operation Increases Time at the Mining Face Boliden Experience Underground mine Production potential in 10 years mr 10-20% Mine Operational Centre Face utilisation potentially from 25% to 40 — 50 % Autonomous machines m Autonomous machines mm
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Slide 28: Million Silver Ounces and Ounces
million silver ounces and 91 ounces
Slide 29: Exploring Along Trends
7 5 MINING COMPANY = ¥<~— Exploring Along Trends mmm Upper Trend: East above Klaus - 9a -5250 / 5250 Upper Plate mms Middle Trend: East below Klaus - 9a - SW ~ 200S - 0200S Bench-Gallagher| mmm Lower Trend: West- 9a - NWW ~ D205 Wall - Lower Gallagher Areas of highest potential to host new mineraliz
Slide 30: Exploration Potential Across Property
ae er n Potential Across Property
Slide 31: Questions
Questions -31-
Slide 32: Lucky Friday: Positioned for Growth and Longevity
MINING COMPANY Lucky Friday Positioned for Growth ag Longevity October 20/21, 2016
Slide 33: Lucky Friday: Strong Operating Performance
MINING COMPANY Lucky Friday, Mullan, Idaho Lucky Friday Strong Operating Performance ss a Tam = = estoy tay Q2 2016 858 koz $18.7M $9.94/oz! 2016E 3.4 Moz = $9.00/oz? 2016E Capital $37 M (Including $20 M for #4 Shaft) 2P Reserves 78.7 Moz silver @ 15.5 0z/t Ag M+I Resources 128.1 Moz silver @ 6.2 0z
Slide 34: #4 Shaft Ore Grade Values
earl G COMPANY P25 Yecer 4 Silver Shaft ORE GRADE VALUES *AgEq Grade (opt) 4050 Level - #4 Shaft 4900 Level ——— _- Mining Activity , 5900 Level 5900 Level ‘ 6500 Level 7500 Level " 8600 Level » Operational shaft expected in Q4/16 at a total cost of about $225 million » $20 million to be spent this y
Slide 35: #4 Shaft Excavation Complete, Operating Shaft by Year End
|G COMPANY 2iYyas #4 Shaft Excavation Complete, Operating Shaft by Year End = Lucky Friday #4 Shaft Project +¢: Shaft Bottom Station 8620L 9,587 feet below the Surface. “The Bottom, on our way up!”
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Slide 37: #4 Shaft: Access to the Expanding High-Grade Zone at Lucky Friday
#4 Shaft: Access to the Expanding High- Grade Zone at Lucky Friday ORE GRADE VALUES *AgEq Grade (opt) 20 Years Past Mining Mine Face (Galena) 97.2 opt Silver Dec, 34, 2015 47.5% Lead ale 900’@ +24 opt AgEq #4 Shaft -37-
Slide 38: Standard Lucky Friday Underhand Longwall Layout
EE — ndard Lucky Friday Underhand “~~ Longwall (LFUL) Layout Standard LFUL Isometric View Looking South East uts per ramp
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Slide 40: Lucky Friday Vertical Configuration for Stope Mining
MINING COMPANY Lucky Friday Vertical Configuration ” For Stope Mining
Slide 41: Benefit: Reduce heat, diesel emissions and cooling needs
Benefit: Reduce heat, diesel emissions and therefore reduce ventilation and cooling needs -41-
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Slide 43: Opportunities To Expand 30-Vein
7 = MINING COMPANY PS Years. Opportunities To Expand 30-Vein 2015 Resource Outline Drill Hole Pierce Points Silver Fault Zone ” ae Definition Focus Area Exploration Focus Area Section View Looking North #——— 4050 Level 1000 Ft. eo * Ves #4 Shaft -43-
Slide 44: Upside Potential: Unexplored 30 Vein Trend to Star Mine
MINING COMPANY L2E Yours SINCE 1601 Upside Potential Unexplored 30 Vein Trend to Star Mine -44-
Slide 45: Good Silver Valley Exploration Potential
MINING COMPANY “*¥<— Good Silver Valley Exploration Potential @ FAMARACK-CUSTER Miles Mine (Ore s R Body) Generalized Perimeter Hecla Mineral Interests ‘SILVER MOUNTAIN -45-
Slide 46: Questions
MINING COMPANY Questions -46-
Slide 47: Casa Berardi: Now A Hecla Mine
Casa Berardi Now A Hecla Mine Oct 20/21, 2016
Slide 48: Casa Berardi: A Great Acquisition
MINING COMPANY You Casa Berardi A Great Acquisition Casa Berardi, Queb Q2 2016 42 koz $41.2M | $601/oz! 2016E 145 koz | - $700/o0z? 2016E Capital $61 M (Includes $19 M for EMCP pit) 2P Reserves 1.3 Moz gold @ 0.13 0z/t gold M+I Resources 1.3 Moz gold @ 0.12 0z/t gold + Cash cost, sftarby-poduct cres
Slide 49: INCE 1691,
INCE 1691, Con UicfanqaF Operon ‘3 Sin rue
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Slide 51: EMCP Pit is Transforming Casa Berardi
MINING COMPANY +, EMCP Pit is Transforming Casa Berardi Creating Value > Optimizing the mill: ~2,300 tpd (2015A) to ~3,100 tpd (2017E), adds 5,000 Au oz (2016E) and 30,000 Au oz (2017E) > Increasing operating flexibility: Lowering cost per ounce > Strong Returns: IRR of 90%! on 2016 Capital of $19M
Slide 52: EMCP Pit: Rapid Progress to Mining Ore
EMCP Pit Rapid Progress to Mining Ore
Slide 53: Multiple Stage Pits Move Cash Flow Forward
Multiple Stage Pits Move Cash Flow Forward
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Slide 55: Better stability, reduces waste
> Better stability > Reduces waste by 5% on average -55-
Slide 56: Automated Hoisting & Remote Rock Breaking Increases Efficiency
MINING COM Automated Hoisting & Remote Rock Breaking Increases Efficiency Rock is loaded, hoisted, and dumped automatically The hoistman hoists men and runs three rock breaking facilities -56-
Slide 57: Stope Drilling Automation Adds Meters A Day
7 = MINING COMPANY Zz Yas Stope Drilling Automation Adds 15 Meters A Day > Allows drilling between shifts and during lunch time (no operator) > 1 automated production drill in operation ay
Slide 58: Jumbo Automation (Development)
MINING COMPANY <7 Jumbo Automation (Development) > Increases drilling accuracy > Reduce overbreak by 5% > Better advancement rate > 2 automated development drills in operation =S5
Slide 59: Robo Arm Improves Blasting
MINING COMPANY Robo Arm Improves Blasting > Used to load explosives into longer holes > Doubles speed of loading explosives versus hand- loading > Better loading gives better fragmentation —59-
Slide 60: Automated Haulage Project
MINING COMPANY 2 ¥-~— Kutomated Haulage: 985 Project E1605 > Potential to replace five 30 tonne trucks with two 40 tonne trucks > Reduces capital > Operating costs potentially 25% less The system at Barrick’s Williams Mine -60-
Slide 61: Avoca Stoping Method
MINING COMPANY see Avoca Stoping Method Example of Mine Design Changes
Slide 62: Trailer Cage: A Low Cost, High Return Initiative
MINING COMPANY 2 /-~- Trailer Cage A Low Cost, High Return Initiative > Installation and start-up in the beginning of May 2016 > Conveyance has only one deck >The trailer cage roughly doubles the deck capacity > Halving the time to move men at the beginning and end of shift > Safe, quick and effortl
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Slide 64: Great Exploration Potential
7 =} MINING COMPANY *¥-~— Great Exploration Potential CASA BERARDI MINE Composite Longitudinal Section _ Surface Drilling (—) Measured & Indicated Resources : 1.311600 oz Inferred Resources 510400 oz ” Underground Drilling >) = van . “aaa ve HEE Peas East Mine Area a ee i i é Ei = —@ Proven & Probab
Slide 65: Strong Drill Results Throughout Mine
7 MINING COMPANY Strong Drill Results Throughout Mine S r Lowerinter U pper-300 Area _ 1.191 19.0 Catt [TarWen| Got Number (Fest) | {ceton} Upper 4z3-270908| Level 790 cewosmass [207 7 Dri oe [Tree Wit i ‘Cew-0300-044_ 1a 095, —_— at ts ersesr [sess [gress [a fl 4 [cee-o180-012 Es ed / K | q ? | 1.7
Slide 66: Zone: Potential For Another Pit
25 ¥<~— 134 Zone: Potential For Another Pit
Slide 67: North American Focused Asset Portfolio
ING COMPANY Vie North American Focused Asset Portfolio Operationsin Greens Creek Low-Risk + Mining-Friendly Pes RAEI Gt Jurisdictions * Corporate Offices “ x 1 Opinaca/wildcat Operating mines casa Berardi | 22™#*88¥:9C m Pre-development Vancouver, Bi Secale Beene oe : ; CocurlAlene, ok. yptontanore,
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Slide 69: Heva-Hosco on the Famous Cadillac Break
Heva-Hosco on the Famous Cadillac Break Exploring for the deeper trend mineralization 1605 Mou |x Lapa Mine Projected 1.08M oz Au a Amite -69-
Slide 70: Opinaca/Wildcat: In the Shadow of Eleonore
Opinaca/ Wildcat In the Shadow of Eleonore Opinaca Subprovince go Inextension ( 8.4 Moz Au at 0.18 oz/ton Tt Legend Geology 5) Wacke = Road Pl Dominic: Il Conglomerate = Camp [i Iron Formation = Subprovince limit Claims Wi Gold deposit © Opinaca property 4 Gold occurrence Wildcat property (oz/ton Au
Slide 71: Questions
MINING COMPANY Questions -71-
Slide 72: San Sebastian: Extending the Mine Life
MINING COMPANY San Sebastian Extending the Mine Life October 20/21 2016
Slide 73: San Sebastian: Hecla's Newest Mine is Exceeding Expectations
7 = MINING COMPANY San Sebastian, Durango, Mexico San Sebastian Hecla’s Newest Mine is Exceeding Expectations Q2 2016 1.3 Moz 9.5 koz $9.2M $(3.05)! 2016E 4.35 Moz 35 koz - $1.00/oz? 2016E Capital $2M H1 2016 ~$48 million in Free Cash Flow? (PEA $43 M LOM) IRR +1000% (PEA was 404%), Payback was 6 we
Slide 74: Focusing on Potential High-Grade Underground Zones
MINING COMPANY Focusing on Potential High-Grade Underground Zones -74-
Slide 75: High Grade Additions to Middle Vein
“z7.. High Grade Additions to Middle Vein MIDDLE VEIN LONGITUDINAL SECTION (Looking NE) POTENTIAL UNDER- CURRENT OPEN PT GROUND MINING AREA (STUDIES IN PROGRESS) © PROGRAMMED DRILL HOLE $NSR VALUE PER TON SCALE © DRILL HOLE ASSAYS PENOING CS ocroner 2018 @ DRILL HOLE INTERCEPT ¢e¢ege2ee¢8 FEET 28388
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Slide 77: Potential Mine Life Extension
He = MINING COMPANY P25 Yours Potential Mine Life Extension be NEW 2016 MIDDLE Soe VEIN DISCOVERY AREA | ~ eT, Z s > \. EAST FRANCINE Ss a EXTENSION Se S DISCOVERY AREA NEW 2016 WEST FRANCINE VEIN DISCOVERY AREA EXPLANATION [Ej Potential Pit ExpansionAreas [| Current Pit Design (“5 Exploration Targe
Slide 78: New Middle Vein Resources and Exploration Potential
7 =} MINING COMPANY Zax New Middle Vein Resources and Exploration Potential MIDDLE VEIN LONGITUDINAL SECTION (Looking NE) 2016 Exploration ing Area NEW 2016 NW (in Progress) RESOURCE AREA CURRENT OPEN PIT MINING AREA 0.24 oziton gold and 50 oziton silver over 8.6 ft. 0.60 oziton gold and 0.28 oziton
Slide 79: Francine Vein Depth Potential
7 =} MINING COMPANY ZsYas Francine Vein Depth Potential Fluid Inclusion studies helping locate up-flow areas (Hugh Zone) FRANCINE VEIN LONGITUDINAL SECTION (Looking North) 2001-2005 Mine Workings c. Francine | T>300C sal>6% 5,000 5,500 6,000 6,500 *| T>300c Sal>6% EXPLANATION i $NSR VALUE PER TON SC
Slide 80: Exploring Middle Vein Depth Potential Using Fluid Inclusions
MINING COMPANY ZzY4«4- Exploring Middle Vein Depth Potential Using Fluid Inclusions MIDDLE VEIN LONGITUDINAL SECTION (Looking NE) NEW 2016 Programmed RESOURCE AREA, Pit Shell ae : T>280C 1>280C +) T>280c 5 Sal>2% Sal>2% Sal>2% EXPLANATION @ Drill Hole or Trench Intercept} | $NSR VALUE PER TON SCALE
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