Sec Form 13G Filing - Wheaton Precious Metals Corp. filing for HECLA MINING CO (HL) - 2024-02-13

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

Hecla Mining Company

(Name of Issuer)

Common Stock, par value $0.25 per share

(Title of Class of Securities)

422704106

(CUSIP Number)

December 31, 2023

(Date of Event which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed.
☐	Rule 13d-1(b)
☒	Rule 13d-1(c)
☐	Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

CUSIP No. 422704106

SCHEDULE 13G

Page 2 of 5

 

 

1	NAME OF REPORTING PERSON   Wheaton Precious Metals Corp.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a)  ☐ (b)  ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   Ontario, Canada

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   34,980,209
	6	SHARED VOTING POWER   0
	7	SOLE DISPOSITIVE POWER   34,980,209
	8	SHARED DISPOSITIVE POWER   0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   34,980,209
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   5.7% (1)	;
12	TYPE OF REPORTING PERSON   CO

 

(1)

The ownership percentage is based on an aggregate of 617,767,667 shares of common stock, par value $0.25 per share, of the Issuer issued and outstanding as of September 30, 2023, based on the Issuer’s Quarterly Report, filed on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 7, 2023, and the Issuer’s Form 8-K filed with the SEC on November 7, 2023.

 

 

CUSIP No. 422704106

SCHEDULE 13G

Page 3 of 5

 

 

ITEM 1.	(a)	Name of Issuer:
		Hecla Mining Company (the “Issuer”)
	(b)	Address of Issuer’s Principal Executive Offices:
		6500 North Mineral Drive, Suite 200
		Coeur d’Alene, ID
		83815-9408
ITEM 2.	(a)	Name of Person Filing:
		Wheaton Precious Metals Corp. (“Wheaton”)
	(b)	Address of Principal Business Office, or if None, Residence:
		The Principal Business Office of Wheaton is:
		Suite 3500 - 1021 West Hastings Street
		Vancouver, British Columbia
		V6E 0C3
		Canada
	(c)	Citizenship:
		Wheaton is a corporation organized under the laws of Ontario, Canada.
	(d)	Title of Class of Securities:
		Common Stock, par value $0.25 per share
	(e)	CUSIP Number:
		422704106
ITEM 3.	IF THIS STATEMENT IS FILED PURSUANT TO §240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
	Not applicable.

 

 

 

CUSIP No. 422704106

SCHEDULE 13G

Page 4 of 5

 

 

ITEM 4.	OWNERSHIP
	(a)	Amount beneficially owned:
		See Row 9 of the cover page.
	(b)	Percent of class:
		See Row 11 of the cover page.
	(c)	Number of shares as to which such person has:
		(i)	Sole power to vote or to direct the vote
			See Row 5 of the cover page.
		(ii)	Shared power to vote or to direct the vote
			See Row 6 of the cover page.
		(iii)	Sole power to dispose or to direct the disposition of
			See Row 7 of the cover page.
		(iv)	Shared power to dispose or to direct the disposition of
			See Row 8 of the cover page.
ITEM 5.	OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
	Not applicable.
ITEM 6.	OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
	Not applicable.
ITEM 7.	IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
	Not applicable.
ITEM 8.	IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
	Not applicable.
ITEM 9.	NOTICE OF DISSOLUTION OF GROUP
	Not applicable.
ITEM 10.	CERTIFICATIONS.
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

 

 

CUSIP No. 422704106

SCHEDULE 13G

Page 5 of 5

 

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 13, 2024

 

	WHEATON PRECIOUS METALS CORP.
	By:	/s/ Curt Bernardi
		Name: Curt Bernardi
		Title: Senior Vice President, Legal and Corporate Secretary