HECLA MINING COMPANY AND SUBSIDIARIES  CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EqUITY (Dollars in thousands) For the Years Ended December 31, 2012, 2011 and 2010  The accompanying notes are an integral part of the consolidated financial statements. F-6 [ HL:10-K ]  Series C  Mandatory  Accumulated Series B Convertible   Additional Other Preferred  Preferred Common Paid-In Accumulated Comp. Treasury Stock Stock Stock Capital Deficit Loss, net Stock Total Balances, January 1, 2010  $  39  $  504  $  59,604  $ 1,121,076  $  (300,915)  $  (14,183)  $  (640)  $  865,485 Net income  48,983  48,983 Options granted  1,121  1,121 Options exercised (696,000 shares)  174  3,743  (718)  3,199 Stock issued to directors (82,000 shares)  20  410  430 Series B deferred dividends declared  (552)  (552) 6.5% Mandatory Convertible Preferred Stock dividends declared  (13,093)  (13,093) Restricted stock units granted  1,895  1,895 Restricted stock unit distributions (480,000 shares)   120  (120)  (693)  (693) Bonuses paid through stock issuances (1,046,000 shares) 262  (262)  — Warrants exercised (14,215,000 shares)  3,553  46,341  49,894 6.5% Mandatory Convertible Preferred Stock dividends paid in common stock (3,886,000 shares)  971  5,547   6,518 Other comprehensive income (934)  (934) Balances, December 31, 2010  39  504  64,704  1,179,751  (265,577)  (15,117)  (2,051)  962,253 Net income  151,164  151,164 Options exercised (78,000 shares)  19  460  479 Stock issued to directors (43,000 shares)  11  331  342 Series B Preferred Stock dividends declared  (552)  (552) Common stock dividends declared ($0.02 per common share) (5,592)  (5,592) Restricted stock units granted  1,671  1,671 Restricted stock unit distributions (321,000 shares)  80  (80)  (469)  (469) 6.5% Mandatory Convertible Preferred Stock dividends paid in common stock (18,872,000 shares)  (504)  4,719  (4,215)  — Bonuses and other compensation paid through stock issuances (8,000 shares)  2  58  60 Warrants exercised (2,147,000 shares)  536  4,771  5,307 Common stock issued for assets purchased (5,396,000 shares)  1,349  32,482  33,831 Other comprehensive loss  (8,381)  (8,381) Balances, December 31, 2011  39  —  71,420  1,215,229  (120,557)  (23,498)  (2,520)  1,140,113 Net income  14,954   14,954 Stock issued to directors (78,000 shares)  19  336  355 Series B Preferred Stock dividends declared  (552)  (552) Common stock dividends declared  (3,000 shares, $0.06 per common share) 1  11  (17,133)  (17,121) Restricted stock units granted  2,746   2,746 Restricted stock unit distributions (235,000 shares)   59  (39)  (203)  (183) Repurchase of common shares (350,000 shares) (1,941) (1,941) Other comprehensive loss  (420)  (420) Balances, December 31, 2012  $ 39  $ —  $ 71,499  $ 1,218,283  $ (123,288)  $ (23,918)  $ (4,664)  $ 1,137,951