Hecla Mining Completes Sale of Hecla Quebec Inc. and Announces Redemption of Senior Notes

Details

to 17629346 Canada Inc., an affiliate of Orezone Gold Corporation, for $160 million in cash and approximately 65.8 million Orezone common shares, with potential for additional cash payments up to $321 million. Additionally, the company announced the redemption of its remaining $263 million 7.25% Senior Notes due 2028 on April 9, 2026, at par plus accrued and unpaid interest. These actions are expected to enhance Hecla's financial flexibility and capacity to invest in strategic growth opportunities.

Items reported

About Hecla Mining Company

Hecla Mining Company is a prominent player in the precious metals mining industry, primarily focusing on the production of silver and gold. Founded in 1891, Hecla is one of the oldest mining companies in North America, with a rich history of resource extraction and development across the continent. The company operates several mines, including the Greens Creek mine in Alaska and the Lucky Friday mine in Idaho, which are among the top-producing silver mines in the United States. Hecla's operations are heavily involved in the exploration, development, and production of mineral assets, which contribute significantly to the precious metals markets. Hecla Mining's strategic initiatives are geared towards enhancing operational efficiency and expanding its resource base, thus ensuring a robust supply chain in the silver and gold sectors. This positions the company as a critical player in meeting industrial demand for these metals, used widely in electronics, currency, and jewelry. Hecla's expertise and long-standing presence in the industry mark it as a substantial contributor to the mining sector's growth and stability.