EX-12.1 4 ex12-1.htm EXHIBIT 12.1 ex12-1.htm
 
EXHIBIT 12.1
 

 
Hecla Mining Company
Fixed Charge and Preferred Dividend Coverage Ratio Calculation
For the Years Ended December 31, 2012, 2011, 2010, 2009 and 2008
 
   
2012
    
2011
    
2010
    
2009
    
2008
  
                               
Net income (loss) from continuing operations before income taxes
   $ 23,833     $ 233,142     $ (74,549 )   $ 60,146     $ (33,366 )
Fixed charges:
                                        
Interest portion of rentals
     1,044       1,014       695       814       663  
Total interest costs
     2,427       2,875       2,211       13,244       19,573  
Total fixed charges
     3,471       3,889       2,906       14,058       20,236  
Total earnings
   $ 27,304     $ 237,031     $ (71,643 )   $ 74,204     $ (13,130 )
Preferred stock dividend requirements
   $ 552     $ 552     $ 13,633     $ 13,633     $ 13,633  
Preferred stock dividend factor
   $ 880     $ 851     $ 13,633     $ 13,633     $ 15,189  
Ratio of earnings to fixed charges
     7.9       60.9    
(na)
       5.3    
(na)
  
Ratio of earnings to fixed charges and preferred dividends
     6.3       50.0    
(na)
       2.7    
(na)
  
Coverage deficit:
                                        
On fixed charges
   $ 0     $ 0     $ 74,549     $ 0     $ 33,366  
On fixed charges and preferred dividends
     0       0       88,182       0       48,555