EXHIBIT 12.1

Hecla Mining Company

Fixed Charge and Preferred Dividend Coverage Ratio Calculation

For the Years Ended December 31, 2009, 2008, 2007, 2006 and 2005

	2009		2008			2007		2006		2005
Net income (loss) before income taxes	$	60,146	($	33,366	)	$	59,654	$	55,096	($	17,361	)
Fixed charges:
Interest portion of rentals		814		663			411		610		437
Total interest costs		13,244		19,573			534		608		225
Total fixed charges		14,058		20,236			945		1,218		662
Total earnings	$	74,204	($	13,130	)	$	60,599	$	56,314	($	16,699	)
Preferred stock dividend requirements	$	13,633	$	13,633		$	1,024	$	552	$	552
Ratio of pre-tax income to net income		0.89		1.11			0.88		0.85		1.03
Preferred stock dividend factor	$	13,633	$	15,189		$	1,024	$	552	$	571
Ratio of earnings to fixed charges		5.3		(na	)		64.1		46.2		(na	)
Ratio of earnings to fixed charges and preferred dividends		2.7		(na	)		30.8		31.8		(na	)
Coverage deficit:
On fixed charges	$	0	$	33,366		$	0	$	0	$	17,361
On fixed charges and preferred dividends		0		48,555			0		0		17,932