EX-11 12 hecla024510_ex-11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS 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, 2001, 2000 and 1999 and Six Months ended June 30, 2002
June 30, Year Ended December 31, ------------ -------------------------------------------- 2002 2001 2000 1999 ------------ ------------ ------------ ------------ Shares of common stock issued at beginning of period 73,068,796 66,859,752 66,844,575 55,166,728 The incremental effect of the issuance of stock related to MRIL acquisition -- -- -- 3,908,479 The incremental effect of the issuance of new shares for cash, net of issuance costs -- 2,395,784 -- 3,185,198 The incremental effect of the issuance of stock held by grantor trust -- 16,695 3,589 110,241 The incremental effect of the issuance of new shares under Stock Option and Warrant Plans 976,008 182,290 5,333 38,041 The incremental effect of the issuance of stock related to unearned compensation 57,105 3,173 -- -- The incremental effect for the issuance of stock as compensation 359,398 -- -- -- ------------ ------------ ------------ ------------ 74,461,307 69,457,694 66,853,497 62,408,687 Less: Weighted average treasury shares held 35,195 62,116 62,112 62,110 ------------ ------------ ------------ ------------ Weighted average number of common shares outstanding during the period 74,426,112 69,395,578 66,791,385 62,346,577 ============ ============ ============ ============