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Company Overview

Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico and Venezuela Headquartered in Coeur d’Alene, Idaho, with approximately 1300 workers globally Listed on the NYSE since 1964

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Company Overview

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  1. Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico and Venezuela Headquartered in Coeur d’Alene, Idaho, with approximately 1300 workers globally Listed on the NYSE since 1964 23rd largest precious metals company in the world Company Overview

  2. World class ore body 1.2 Billion ounces of silver Greens Creek Lucky Friday Historic high-grade gold district Nevada's gold trend Hollister Block San Sebastian 500 years of silver production La Camorra CorporateOffice Gold(Au) Silver (Ag) World Class Mining Districts

  3. Revenue by Country 2003 2001 Mexico Mexico 9% 36% 42% 30% United States United States 49% 34% Venezuela Venezuela

  4. Income Exposure by Country $15 $ in millions $10 $5 $0 2001 2002 2003 -$5 Mexico U.S. Venezuela -$10

  5. Venezuela…………………………..$70 million Mina Isidora La Camorra shaft Canaima Exploration Mexico……………………………….$15 million Exploration USA……………………………………$45 million Hollister Block Lucky Friday Greens Creek Non-Operating Expenditures Over 2-3 Years

  6. Hecla Venezuela Current Situation • Acquired shares of Monarch Resources in 1999 • Operate the La Camorra Mine • Developing mines in Block B (Minerven) • Largest gold producer in Venezuela • Largest private employerin the southern Bolívar State • 500 direct employees • 750 indirect employees • 5000 beneficiaries

  7. Hecla Venezuela Production & Costs

  8. Hecla Venezuela Net Income & Investment In millions $115 Net Income Investment

  9. Historic Gold District Venezuela Caracas PuertoOrdaz

  10. Hecla Venezuela Property Position 12 10 11 9 8 7 6 1 2 3 4 5 N EL MIAMO Caracas La Victoria (Crystallex) Mina Tomi (Crystallex) PuertoOrdaz GUASIPATI MINERVEN CONCESSIONS Revemin (Crystallex) EL CALLAO Mina Isidora TUMEREMO Mina Colombia (Minerven) Block ‘B’ MAP AREA PASTORA GREENSTONE BELT BOTANAMO GREENSTONE BELT EL DORADO CONCESSIONS Mineria MS Canaima CUYUNI RIVER La Camorra EL DORADO

  11. Growth At Depth La Camorra 14 22 18 21 20 19 -400 To be explored from u/g or Devico Probable Inferred -600 2004 Definition Drilling Explore observed trend eastward Mother Hole In Progress -800 10,000E 10,200E 10,400E

  12. Plans for the Future La Camorra Shaft Project

  13. Hecla Venezuela La CamorraLand Position CVG Exploration Contract Exploitation Concession TUMEREMO 55km NIÑA VII LA MEDUSA BELKYS RIO CUYUNI NIÑA VI EMILIA I N NIÑA IV CANAIMA Esperanza 1.0 Km Pescador Canaima Rosita Marta EMILIA II LA CAMORRA Isbelia EL PLACER Main SUDOR Betzy SAN RAFAEL NIÑA I ELDORADO 10km NIÑA III Resortera YESSICA NIÑA II

  14. Hecla Venezuela Hecla Property Position 12 10 11 9 8 7 6 1 2 3 4 5 N EL MIAMO Caracas La Victoria (Crystallex) Mina Tomi (Crystallex) PuertoOrdaz GUASIPATI MINERVEN CONCESSIONS Revemin (Crystallex) EL CALLAO Mina Isidora TUMEREMO Mina Colombia (Minerven) Block ‘B’ MAP AREA PASTORA GREENSTONE BELT BOTANAMO GREENSTONE BELT EL DORADO CONCESSIONS Mineria MS Canaima CUYUNI RIVER La Camorra EL DORADO

  15. Hecla Venezuela Santa Rita Panama Laguna El Peru Mill 1 0 0 0 M E T E R S Chile Ceniceros El Callao Gold Mining District EL CALLAO N Santa Barbara Airport Revemin Mill Caratal Mill Block ‘B’ Colombia Sosa Mendez Block ‘A’

  16. MinaIsidora Plans for the Future

  17. Plans for the Future Sampling Plant El Callao PRIMARY FEED BELT AUTOMATIC SAMPLING UNIT STACKING BELT PRIMARY CONE CRUSHER VIBRATING SCREENS STOCKPILE OF 3,800 - 4,000 TONNES READY FOR SAMPLING

  18. Ministry of Energy and Mines Ministry of the Environment Department of the Defense SENIAT (Internal Revenue Service) Corporacion Venezolana de Guayana (CVG) CVG Minerven Ministry of Foreign Affairs Local Communities Small Miners Who We Work With Partners for Success

  19. Who We Work With Small Miners • Crusher Project • Block B • Small Miner Areas

  20. Who We Work With Small Miners Technical Financial Legal Environmental HECLA Geological Social

  21. Small Miner Support -Mina Panama Pozo 2 Ventilation

  22. Small Miner -SupportIsbeliaHeadframe

  23. Small Miner Support – Mina Panama Pozo 4 HEADFRAME

  24. Social Investments Public Services HECLA Housing Education Health Employees

  25. Mission Barrio Adentro Mision Robinson Mision Piar Social Investments – In Participation with Government

  26. Community Achievements

  27. Community Involvement – First Quarter 2004

  28. Community Involvement - Water Delivery

  29. Monarch Legacy Issues Resource Replacement Small Miners Customs Venezuela Challenges

  30. Brought new technology & specialized ability to Venezuela Turned unprofitable into profitable operations Generated a return for Hecla & Venezuela Expect to almost double our investment in the next two years Past success & partners’ support will allow us to overcome the challenges Venezuela Conclusion

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