EXHIBIT 12.1

Hecla Mining Company

Fixed Charge and Preferred Dividend Coverage Ratio Calculation

For the Nine Months Ended September 30, 2013 and the

Years Ended December 31, 2012, 2011, 2010, 2009 and 2008

	Nine Months Ended September 30, 2013			Year Ended December 31,
				2012		2011		2010			2009		2008
Net income (loss) from continuing operations before income taxes	$	(24,144	)	$	23,833	$	233,142	$	(74,549	)	$	60,146	($	33,366	)
Fixed charges:
Interest portion of rentals		1,189			1,044		1,014		695			814		663
Total interest costs		18,452			2,427		2,875		2,211			13,244		19,573
Total fixed charges		19,641			3,471		3,889		2,906			14,058		20,236
Total earnings	$	(4,503	)	$	27,304	$	237,031	($	71,643	)	$	74,204	($	13,130	)
Preferred stock dividend requirements	$	414		$	552	$	552	$	13,633		$	13,633	$	13,633
Ratio of pre-tax income from continuing operations to net income from continuing operations		0.92			1.59		1.54		(1.52	)		0.89		1.11
Preferred stock dividend factor	$	414		$	880	$	851	$	13,633		$	13,633	$	15,189
Ratio of earnings to fixed charges		(na	)		7.9		60.9		(na	)		5.3		(na	)
Ratio of earnings to fixed charges and preferred dividends		(na	)		6.3		50.0		(na	)		2.7		(na	)
Coverage deficit:
On fixed charges	$	24,144		$	0	$	0	$	74,549		$	0	$	33,366
On fixed charges and preferred dividends		24,558			0		0		88,182			0		48,555