Wednesday, July 02, 2014
Hecla Greens Creek Mining Company honors long-time mining leader O’Neill
Hecla Mining Company President and CEO Phil Baker announced at the May board meeting the company was renaming their Hecla Greens Creek Mining Company recruitment scholarship in honor of Dr. Patrick H. O’Neill, a distinguished and accomplished alumnus of the University of Alaska.
Hecla Mining Company (NYSE:HL) is the largest primary silver producer in the U.S. and one of the lowest-cost producers, and a growing low-cost gold producer. Established in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, with its co-headquarters office in Vancouver, B.C. The company’s common stock has been traded on the New York Stock Exchange for 50 years. It is the oldest precious metals mining company in North America.
The Company owns two primary silver mines in Alaska (Greens Creek) and Idaho (Lucky Friday) and the Casa Berardi gold mine in Quebec. In addition to its diversified silver and gold operating and cash-flow generating base, Hecla has a number of exploration properties and pre-development projects in five world-class silver and gold mining districts in North America.
Hecla President Phil Baker said: “We are so honored to associate our company with Dr. O’Neill. He personifies the leadership we all strive to attain, and his contributions to the American mining industry have revolutionized the standards for mining worldwide. We honor Dr. O’Neill by naming our scholarship at UAF the “Patrick H. O’Neill Hecla Greens Creek Mining Company Scholarship. ”
Dr. O’Neill received three degrees from the University of Alaska, including two in mining engineering as well as an honorary Doctorate of Science degree in recognition of his professional achievements and service to the university. His education afforded him many opportunities to develop mines throughout the world, including one in Colombia, South America where he revitalized a failing mining operation, eventually becoming president of the International Mining Corporation. Over the years, he would go onto serve as president, chairman or director of The Fresnillo Company, Zemex Corporation, Placer Development, Moly Corp, Rosario Resources and others. These companies developed and operated some of the western world’s great metal resources.
Dr. O’Neill was recently inducted into the National Mining Hall of Fame for his lifetime of leadership in the mining industry. He is now part of an elite group of 218 mining industry pioneers nationwide that have been recognized by this prestigious organization.
The newly named Patrick H. O’Neill Hecla Mining Company scholarship assists the UAF College of Engineering and Mines to recruit students interested in the mining industry, as well as providing incentives to students of promise to encourage them to enter the mining profession, including academic areas of Mining Engineering, Mine Engineering with Mineral Processing Emphasis or Geology/Geological Engineering. Students in these fields are encouraged to apply for these scholarships through the UAF Financial Aid office. For more information, contact Ann Ringstad, Development Officer, College of Engineering and Mines, UAF at 907-474-5922 or firstname.lastname@example.org
Photo top: Dr. Patrick H. O’Neill.