Hecla Mining Company’s stock price tumbled this morning after the Coeur d’Alene-based company announced Tuesday evening a year-long closure at its Lucky Friday Mine in North Idaho for removal of built-up material in the silver shaft. Hecla’s stock, traded on the New York Stock Exchange, lost a quarter of its value in morning trading today. It was trading around $4.40 a share at 8 a.m. Pacific, down $1.44 from the close Tuesday. That’s the lowest it has been since mid-2010. Federal mine inspectors, who are investigating accidents at the Mullan, Idaho, mine, closed down Lucky Friday’s main shaft last week as a result of hazards associated with loose rock. The vertical shaft is the underground silver mine’s main entrance and exit, and hauls both workers and materials/Spokesman-Review. More here.
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