SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

SCHEDULE 13G/A
(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)


(Amendment No. 1)

Hecla Mining Company

(Name of Issuer)

   

Common Stock

(Title of Class of Securities)

 

422704106

(CUSIP Number)

 

December 31, 2008

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

 

[  ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[  ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


 

 

 

 

 

CUSIP No. 422704106

 

13G/A

 

Page 2 of 6 Pages

 

 

 

 

 
 

1

 

NAME OF REPORTING PERSON:
Dane Andreeff

 

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  [   ]

 

 

 

 

(b)  [X]

 

 

 

 

 

 

3

 

SEC USE ONLY

 

 

 

 

 

 

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

Canada

 

 

 

 

 

5

 

SOLE VOTING POWER

NUMBER OF

 

 

 

0

SHARES

 

 

BENEFICIALLY

 

6

 

SHARED VOTING POWER

OWNED

 

 

 

0

BY

 

 

EACH

 

7

 

SOLE DISPOSITIVE POWER

REPORTING

 

 

 

0

PERSON

 

 

WITH:

 

8

 

SHARED DISPOSITIVE POWER

 

 

 

 

0

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

0

 

 

 

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

o

 

 

 

 

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

 

 

0.00%

 

 

 

12

 

TYPE OF REPORTING PERSON*

 

 

 

 

IN, HC

   


 

 

 

 

 

CUSIP No. 422704106

 

13G/A

 

Page 3 of 6 Pages

 

 

 

 

 
 

1

 

NAME OF REPORTING PERSON:
Andreeff Equity Advisors, L.L.C.

 

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  [   ]

 

 

 

 

(b)  [X]

 

 

 

 

 

 

3

 

SEC USE ONLY

 

 

 

 

 

 

 

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

Delaware

 

 

 

 

 

5

 

SOLE VOTING POWER

NUMBER OF

 

 

 

0

SHARES

 

 

BENEFICIALLY

 

6

 

SHARED VOTING POWER

OWNED

 

 

 

0

BY

 

 

EACH

 

7

 

SOLE DISPOSITIVE POWER

REPORTING

 

 

 

0

PERSON

 

 

WITH:

 

8

 

SHARED DISPOSITIVE POWER

 

 

 

 

0

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

 

0

 

 

 

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

o

 

 

 

 

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

 

 

0.00%

 

 

 

12

 

TYPE OF REPORTING PERSON*

 

 

 

 

CO, IA

   

 

 

 

 

 

CUSIP No. 422704106

 

13G/A

 

Page 4 of 6 Pages

ITEM 1(a).     NAME OF ISSUER:

Hecla Mining Company

ITEM 1(b).     ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

6500 North Mineral Drive, Suite 200
Coeur d'Alene, ID 83815-9408

ITEM 2(a).     NAME OF PERSON FILING:

This Schedule 13G/A is being filed on behalf of the following persons (the “Reporting Persons”):

Dane Andreeff

Andreeff Equity Advisors, L.L.C.

ITEM 2(b).     ADDRESS OF PRINCIPAL BUSINESS OFFICE:

The principal business office of the Reporting Persons filing this Schedule 13G/A is located at 140 East St. Lucia Lane, Santa Rosa Beach, FL 32459.

ITEM 2(c).     CITIZENSHIP:

Dane Andreeff - - Canada
Andreeff Equity Advisors, L.L.C. - - a Delaware limited liability company

ITEM 2(d).     TITLE OF CLASS OF SECURITIES:

Common Stock

ITEM 2(e).     CUSIP Number:

422704106


 

 

 

 

 

CUSIP No. 422704106

 

13G/A

 

Page 5 of 6 Pages

ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS:    One of the following

Not applicable.

ITEM 4.     OWNERSHIP:

The information in items 1 and 5 through 11 on the cover pages (pp. 2-3) on this Schedule 13G/A is hereby incorporated by reference.

ITEM 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following. X

ITEM 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

Not applicable.

ITEM 7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

Mr. Andreeff is the Managing Member of Andreeff Equity Advisors, L.L.C. (“AEA”) and Maple Leaf Capital I, L.L.C. (“Capital”).  AEA is the Investment Adviser and Capital is the General Partner of the following limited partnerships, which no longer own any of the issuer’s securities:

(i)     Maple Leaf Partners, L.P.
(ii)     Maple Leaf Partners I, L.P.
(iii)     Maple Leaf Discovery, L.P.
(iv)     Maple Leaf Discovery I, L.P.

AEA is the Investment Adviser and Mr. Andreeff is the Director of Maple Leaf Offshore, Ltd. and Maple Leaf Discovery Offshore, Ltd., each of which no longer owns any of the issuer’s securities. AEA is the Investment Adviser of an offshore managed account, which no longer owns any of the issuer’s securities.

ITEM 8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:

Not applicable.

ITEM 9.     NOTICE OF DISSOLUTION OF GROUP:

Not applicable.


 

 

 

 

 

CUSIP No. 422704106

 

13G/A

 

Page 6 of 6 Pages


ITEM 10.     CERTIFICATION

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

                        After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:

 

February 13, 2009

/s/ Dane Andreeff
________________________________
Name: Dane Andreeff *
 
 
 
ANDREEFF EQUITY ADVISORS, L.L.C.*
By: Dane Andreeff
 
 
/s/ Dane Andreeff
________________________________
Name: Dane Andreeff
Title: Managing Member

* The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.


EXHIBIT A

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned does hereby consent and agree to the joint filing on behalf of each of them of a statement on Schedule 13G and all amendments thereto with respect to the Common Stock of Hecla Mining Company beneficially owned by each of them, and the inclusion of this Joint Filing Agreement as an exhibit thereto.

Dated: February 13, 2009
 

/s/ Dane Andreeff
_________________________________
Dane Andreeff
 
 
 
ANDREEFF EQUITY ADVISORS, L.L.C.
By: Dane Andreeff
 
 
/s/ Dane Andreeff
________________________________
Name: Dane Andreeff
Title: Managing Member