Amended And Restated Golden Eagle Earn-in Agrmt

FIRST AMENDMENT
TO THE
AMENDED AND RESTATED
GOLDEN EAGLE EARN-IN AGREEMENT


This First Amendment ("First Amendment") to the Amended and Restated Golden Eagle Earn-in Agreement ("Earn-in Agreement") is entered into and effective this 5th day of September, 2002, by and between Echo Bay Mines Ltd. ("Echo Bay"), a Delaware corporation, and Hecla Mining Company ("Hecla"), a Delaware corporation.


RECITALS


WHEREAS, Santa Fe Pacific Gold Corporation ("SFPG") and Hecla entered into the Earn-in Agreement and the Golden Eagle Operating Agreement ("Operating Agreement") both dated and effective September 6, 1996, whereby SFPG acquired an undivided 75% interest in the Joint Properties (as described therein) and the right to receive conveyance of an undivided 75% interest in Hecla's Properties (as described therein); and


WHEREAS, on May 5, 1997, SFPG became a wholly owned subsidiary of Newmont Gold Company ("Newmont"). SFPG subsequently merged into Newmont on December 29, 1999; and


WHEREAS, on July 7, 2000, Newmont, as successor to SFPG, assigned all of its rights, titles and interests under the Earn-in Agreement and the Operating Agreement to Echo Bay; and


WHEREAS, Echo Bay and Hecla desire to amend certain portions of the Earn-in Agreement;


NOW THEREFORE, in consideration of the mutual benefits to be derived by the parties hereto from this First Amendment, Echo Bay and Hecla agree to amend the Earn-in Agreement as follows:


AGREEMENT


1. Section 5.1 - Initial Payment and Contributions; Earn-in
Expenditures; Feasibility Study. The second sentence of paragraph (c)
shall be deleted and replaced with the following:


Echo Bay (as successor to SFPG) must provide the Feasibility
Study to Hecla, if at all, on or before December 31, 2004,
subject to Echo Bay's right to withdraw under Section 10.2.


First Amendment to Amended & Restated Earn-in Agreement
Echo Bay and Hecla
Page 1 of 2


2. Exhibit A, Part 1 - Properties to be Contributed by Hecla ("Hecla's
Properties"), shall be amended to exclude the properties as listed in
Exhibit A to this First Amendment, entitled "Properties to be Excluded
from Earn-in Agreement," attached hereto and by this reference made a
part hereof. The remaining properties subject to the Earn-in Agreement
as amended herein are set forth in Exhibit B, Parts I and II to this
First Amendment, entitled "Hecla Properties Subject to Earn-in
Agreement," "Leases, Permits & Easements" and "Joint Properties,"
attached hereto and by this reference made a part hereof.


3. Other Provisions. All other provisions of the Earn-in Agreement
shall remain in full force and be binding upon the parties hereto.


IN WITNESS WHEREOF, the parties hereto have signed and accepted the terms and conditions of this First Amendment to the Earn-in Agreement as of the date first hereinabove written.


HECLA MINING COMPANY ECHO BAY MINES LTD.


By: By:
-------------------------------- --------------------------------


Name: Name:
------------------------------ ------------------------------


Title: Title:
----------------------------- -----------------------------


First Amendment to Amended & Restated Earn-in Agreement
Echo Bay and Hecla
Page 2 of 2


------------------------------------------------
EXHIBIT A - ATTACHED TO THE FIRST AMENDMENT OF
THE AMENDED AND RESTATED GOLDEN EAGLE EARN-
IN AGREEMENT DATED SEPTEMBER ___, 2002
------------------------------------------------


EXHIBIT A
PROPERTIES TO BE EXCLUDED FROM EARN-IN AGREEMENT


REPUBLIC PATENTED CLAIMS


Alphabetical Order by Claim Name - -----------------------------------------------------------------------------------------------------------------------------------
CLAIM NAME MS OR OMC # LOCATION ACRES TAX PARCEL # - ----------------------------------- --------------- ---------------------------- -------------------------- -----------------------
T-N R-E SEC MIN SURF - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Alpine Fraction 635 36 32 12 2.93 2.93 2-36-12-90-00200-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Baby Fraction 461 37 32 27,34 8.25 8.25 2-37-27-14-00010-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Ben Hur 421 37 32 27,34 15.20 15.20 2-37-27-14-00010-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Ben Tillman 400 36 32 1,12 18.25 18.25 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Ben Tillman Fraction 451 36 32 1,12 2.63 2.63 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Bodie 438 37 32 34 20.65 20.65 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Butte & Boston (Tax #1) 416 36 32 12 18.84 18.84 2-36-12-90-00200-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Cecelia Fraction 477 36 32 12 3.39 3.39 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Charity 417 36 32 13 15.20 15.20 2-36-13-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Chico 418 36 32 12 11.93 11.93 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Copper Belle 466 37,36 32 34,1 20.64 20.64 2-37-34-90-00050-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- East San Poil Fraction 1133 37 32 34 4.90 4.90 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Elliott 536 36 33 7 5.40 0 3-36-07-90-00030-01 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Eureka Fraction 612 37 32 35 3.95 3.95 2-37-35-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Extra Lateral 1124 37 32 34,35 0.06 0.06 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Faith 417 36 32 13 19.92 19.92 2-36-13-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Faith Fraction 417 36 32 13 0.72 0.72 2-36-13-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- First Thought 426 36 32 1 9.12 0 2-36-01-90-00120-01 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Gertrude 417 36 32 13 16.88 16.88 2-36-13-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Gertrude Fraction 417 36 32 13 10.12 10.12 2-36-13-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- -----------------------
SUBTOTAL 208.98 194.46


Exhibit A to
First Amendment to Amended & Restated Earn-in Agreement
Echo Bay and Hecla
Page 1 of 7


EXHIBIT A - REPUBLIC PATENTED CLAIMS (CONTINUED)


Alphabetical Order by Claim Name - -----------------------------------------------------------------------------------------------------------------------------------
CLAIM NAME MS OR OMC # LOCATION ACRES TAX PARCEL # - ----------------------------------- --------------- ---------------------------- -------------------------- -----------------------
T-N R-E SEC MIN SURF - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Great Hope 535 36 32 1,12 18.43 18.43 2-36-01-90-00070-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Hammond 1133 37 32 34 2.49 2.49 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Hercules 1222 37 32 34,35 13.08 13.08 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Hilo In 546 36 32,33 12,7 18.45 18.45 2-36-12-90-00270-00 Hilo Out 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Hope 417 36 32 13 17.81 17.81 2-36-13-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Iron Monitor 469 36 32 12 20.66 20.66 2-36-12-90-00200-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Iron Monitor Fraction 1273 36 32 12 0.30 0.30 2-36-12-90-00200-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Jim Blaine 364 36 32 12 20.65 20.65 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Jim Blaine Fraction 418 36 32 12 11.72 11.72 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Lillie Fraction 635 36 32,33 12,7 14.85 14.85 2-36-12-90-00200-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Lost Lode (now N Republic Addn) 379 36,37 32 1,35 18.19 Lots 8-17 2-36-01-90-00260-01 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Luna 395 36 32,33 12,7 19.50 19.50 3-36-07-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Luna Fraction 540 36 33 7 5.98 0 3-36-07-90-00030-01 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Maggie Tax #90-01 490 36 33 7 4.75 0.95 3-36-07-90-00060-01 Maggie Tax #90-02 3-36-07-90-00070-01 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- May 417 36 32 13 12.27 12.27 2-36-13-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Minerva Fraction 537 36 33 7 3.77 3.77 3-36-07-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Newton In 403 36 32 1 10.93 3.85 2-36-01-90-00080-00 Newton Out - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- No. Six 458 36 32 12 8.51 8.51 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Northport 1222 37 32 34 3.20 3.20 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- November Fraction 719 36 32 1 1.83 1.83 2-36-01-90-00050-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Old Hickory 391 36 32 12 20.61 20.61 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Ouida 417 36 32,33 13,18 14.48 0 3-36-18-90-00020-01 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- -----------------------
SUBTOTAL 262.46 212.93


Exhibit A to
First Amendment to Amended & Restated Earn-in Agreement
Echo Bay and Hecla
Page 2 of 7


EXHIBIT A - REPUBLIC PATENTED CLAIMS (CONTINUED)


Alphabetical Order by Claim Name - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Palo Alto 719 36 32 1 16.70 16.70 2-36-01-90-00050-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Peacemaker Fraction 612 37 32 35 5.35 5.35 2-37-35-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Plant In 1223 36,37 32 1,35 4.96 0.35 2-37-35-90-00010-01 Plant Out 2-36-01-90-00010-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Portland In 538 36 32 12 19.10 19.10 2-36-12-90-00050-00 Portland Out 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Princess Maude Fraction 467 36 32 12 5.55 5.55 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Quilp Fraction No. 2 629 37 32 35 0.89 0.89 2-37-35-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Rambler In 451 36 32 1,12 13.06 13.06 2-36-12-90-00090-00 Rambler Out 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Remainder Fraction 417 36 32,33 13 6.57 6.57 2-36-13-90-00020-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Republic 362 36 32 12 20.65 20.65 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Rossland Fraction 457 36 32 12 5.21 5.21 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Ruby In 585 36,37 32 1,35 20.61 0 2-36-01-90-00100-01 Ruby Out 2-36-01-90-00110-01 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- San Poil 394 37 32 34 14.93 14.93 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- San Poil Fraction 448 37 32 3.90 3.90 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Snowstorm Fraction 419 37 32 34 2.01 2.01 2-37-34-90-00030-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Standard Fraction 418 36 32 12 12.08 12.08 2-36-12-90-00200-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Tamarack 1223 36 32 1 10.53 10.53 2-36-01-90-00010-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Tamarack No. 2 1223 36 32 1 3.14 3.14 2-36-01-90-00010-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Treasury Fraction 635 36 32,33 12,7 1.88 1.88 2-36-12-90-00200-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Tuesday 546 36 32,33 12,7 18.75 18.75 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Tuesday Fraction No. 2 546 36 32,33 12,7 1.73 1.73 2-36-12-90-00040-00 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- ----------------------- Yellow Jacket (part) 1006 37 32 34,35 15.81 15.81 2-37-34-90-00030-00
2-37-34-90-00160-01 - ----------------------------------- --------------- --------- -------- --------- ------------ ------------- -----------------------
SUBTOTAL 203.41 178.19


TOTAL ACREAGE 674.85 585.58
====== ======


Exhibit A to
First Amendment to Amended & Restated Earn-in Agreement
Echo Bay and Hecla
Page 3 of 7


EXHIBIT A - REPUBLIC FEE LAND


Listed by Township - Range - Section - -------------------------------------------------------- ----------------------------- -------------------- -----------------------
DESCRIPTION LOCATION ACRES TAX PARCEL # - -------------------------------------------------------- ----------------------------- -------------------- -----------------------
T-N R-E SEC MIN SURF - -------------------------------------------------------- --------- --------- --------- ---------- --------- ----------------------- Lot 4 37 32 34 15.65 15.65 2-37-34-21-00010-00 - -------------------------------------------------------- --------- --------- --------- ---------- --------- ----------------------- Lot 12 36 32 1 21.30 0 N/A - -------------------------------------------------------- --------- --------- --------- ---------- --------- ----------------------- Lot 18 (W of SR 21, Tax #31) 36 33 7 28.40 0 3-36-07-31-00010-01 - -------------------------------------------------------- --------- --------- --------- ---------- --------- ----------------------- Lot 18 (less 7.31 ac. to State for Shop)(E of SR 21) 36 33 7 30.75 30.75 3-36-07-31-00020-00 - -------------------------------------------------------- --------- --------- --------- ---------- --------- ----------------------- Lot 10 (portion - less 1.01 ac. to State) 36 33 18 15.67 15.67 3-36-18-21-00020-00 - -------------------------------------------------------- --------- --------- --------- ---------- --------- -----------------------
TOTAL ACREAGE 111.77 62.07
====== =====


EXHIBIT A - GOLD MOUNTAIN RANCHES


Listed Numerically by Lot No. - ----------- --------------- --------- ------- ------- ------------ ---------------------------------------- -----------------------
LOT # DATE T-N R-E SEC RIGHTS MIN ACRES SURF ACRES TAX PARCEL # - ----------- --------------- --------- ------- ------- ------------ ------------------- -------------------- -----------------------
94 12-20-66 37 32 35 M & S 10.00 10.00 2-37-35-50-00890-00
12-30-93 - ----------- --------------- --------- ------- ------- ------------ ------------------- -------------------- -----------------------
98 12-20-66 37 32 35 M & S 10.00 10.00 2-37-35-50-00980-00
12-30-93 - ----------- --------------- --------- ------- ------- ------------ ------------------- -------------------- -----------------------
123 12-20-66 37 32 35 M & S 10.00 10.00 2-37-35-50-01230-00
2-1-94 - ----------- --------------- --------- ------- ------- ------------ ------------------- -------------------- -----------------------
127 12-30-93 37 32 24 M & S 10.00 10.00 2-37-24-50-01270-00 - ----------- --------------- --------- ------- ------- ------------ ------------------- -------------------- -----------------------
128 12-30-93 37 32 2 ...