SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Atkinson Ian

(Last)

(First)

(Middle)

6500 N. MINERAL DRIVE, SUITE 200

(Street)

COEUR D'ALENE

83815-9408

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2004

3. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [ HL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP - Exploration and Strategy

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	33,000⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Options	09/01/2004	09/01/2009	Common Stock	40,000	$5.99	D
Stock Options	09/01/2005⁽²⁾	09/01/2009	Common Stock	25,000	$5.99	D
Stock Options	09/01/2006⁽³⁾	09/01/2009	Common Stock	25,000	$5.99	D

Explanation of Responses:

1. Restricted stock granted under the Company's Key Employee Deferred Compensation Plan. These restricted shares have the following vesting schedule: 13,000 restricted shares vest on 12/6/2005 and are based on Mr. Atkinson's continued employment; 10,000 restricted shares vest on 9/1/2005; and 10,000 restricted shares vest on 9/1/2006. For the 10,000 each that vest on 9/1/2005 and 9/1/2006, the vesting period may accelerate if the average stock price of the Company's common stock is $9.00 or above for ten (10) consecutive business days.

2. The exercisable date for these options will accelerate if the average stock price of the Company's common stock is $9.00 or above for ten (10) consecutive business days.

3. The exercisable date for these options will accelerate if the average stock price of the Company's common stock is $9.00 or above for ten (10) consecutive business days.

Remarks:

	Tami D. Hansen, Attorney-in-Fact for Ian Atkinson	09/02/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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