Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - HECLA MINING CO/DE/ | ex_104905.htm |
| 10-K - FORM 10-K - HECLA MINING CO/DE/ | hl20171231_10k.htm |
| EX-95 - EXHIBIT 95 - HECLA MINING CO/DE/ | ex_104908.htm |
| EX-32.2 - EXHIBIT 32.2 - HECLA MINING CO/DE/ | ex_104907.htm |
| EX-32.1 - EXHIBIT 32.1 - HECLA MINING CO/DE/ | ex_104906.htm |
| EX-31.1 - EXHIBIT 31.1 - HECLA MINING CO/DE/ | ex_104904.htm |
| EX-23.3 - EXHIBIT 23.3 - HECLA MINING CO/DE/ | ex_104903.htm |
| EX-23.2 - EXHIBIT 23.2 - HECLA MINING CO/DE/ | ex_104902.htm |
| EX-23.1 - EXHIBIT 23.1 - HECLA MINING CO/DE/ | ex_104901.htm |
| EX-21 - EXHIBIT 21 - HECLA MINING CO/DE/ | ex_105253.htm |
| EX-10.5 - EXHIBIT 10.5 - HECLA MINING CO/DE/ | ex_104899.htm |
| EX-10.4 - EXHIBIT 10.4 - HECLA MINING CO/DE/ | ex_104898.htm |
| EX-3.1 - EXHIBIT 3.1 - HECLA MINING CO/DE/ | ex_104897.htm |
EXHIBIT 12.1
Hecla Mining Company
Fixed Charge and Preferred Dividend Coverage Ratio Calculation
For the Years Ended December 31, 2017, 2016, 2015, 2014 and 2013
|
Year Ended December 31, |
||||||||||||||||||||
|
2017 |
2016 |
2015 |
2014 |
2013 |
||||||||||||||||
|
Net income (loss) before income taxes |
$ | (3,640 |
) |
$ | 96,975 | $ | (30,658 |
) |
$ | 12,584 | $ | (34,925 |
) |
|||||||
|
Fixed charges: |
||||||||||||||||||||
|
Interest portion of rentals |
3,573 | 3,483 | 1,751 | 1,189 | 1,592 | |||||||||||||||
|
Total interest costs |
38,948 | 37,981 | 38,910 | 38,528 | 28,174 | |||||||||||||||
|
Total fixed charges |
42,521 | 41,464 | 40,661 | 39,717 | 29,766 | |||||||||||||||
|
Total earnings (loss) |
$ | 38,881 | $ | 138,439 | $ | 10,003 | $ | 52,301 | $ | (5,159 |
) |
|||||||||
|
Preferred stock dividend requirements |
$ | 552 | $ | 552 | $ | 552 | $ | 552 | $ | 552 | ||||||||||
|
Ratio of pre-tax income (loss) to net income (loss) |
$ | 6.46 | $ | 1.39 | $ | 2.84 | $ | 0.71 | $ | 0.72 | ||||||||||
|
Preferred stock dividend factor |
$ | 3,566 | $ | 767 | $ | 1,568 | $ | 552 | $ | 552 | ||||||||||
|
Ratio of earnings to fixed charges |
(na) |
3.3 |
(na) |
1.3 |
(na) |
|||||||||||||||
|
Ratio of earnings to fixed charges and preferred dividends |
(na) |
3.3 |
(na) |
1.3 |
(na) |
|||||||||||||||
|
Coverage deficit: |
||||||||||||||||||||
|
On fixed charges |
$ | 3,640 | $ | — | $ | 30,658 | $ | — | $ | 34,925 | ||||||||||
|
On fixed charges and preferred dividends |
7,206 | — | 32,226 | — | 35,477 | |||||||||||||||