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FORM 10-K DECEMBER 31, 1993
COMMISSION FILE NO. 1-8491
EXHIBIT 11
HECLA MINING COMPANY AND SUBSIDIARIES
CALCULATION OF WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
For the Years Ended December 31, 1993, 1992 and 1991
Year Ended December 31,
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1993 1992 1991
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Shares of common stock issued at
beginning of period 31,651,192 30,308,680 30,118,683
The incremental effect of the issuance
of new shares in exchange for
outstanding Liquid Yield Option Notes 1,269,217 516,981 - -
The incremental effect of the issuance
of new shares for the acquisition
of La Choya mineral concessions - - 85,321 - -
The incremental effect of the issuance
of new shares under Stock Option and
Employee Stock Ownership Plans 49,970 15,667 35,098
The incremental effect of the issuance
of new shares for the acquisition of
Mountain West Bark Products, Inc. 8,397 - - - -
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32,978,776 30,926,649 30,118,683
Less:
Weighted average treasury shares held 63,728 60,933 60,201
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Weighted average number of common shares
outstanding during the period 32,915,048 30,865,716 30,093,580
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