homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


print  email to a friend  reprints add to mydjc  

September 13, 2022

Hecla Mining

Hecla Mining, headquartered in Coeur D'Alene, Idaho, completed its acquisition of Alexco Resource. Founded in 1891, Hecla is the largest silver producer in the U.S. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the company owns a number of exploration properties and pre-development projects in silver and gold mining districts throughout North America. Alexco operates the Keno Hill Silver District in Canada's Yukon Territory. As part of the acquisition, Hecla issued 18 million shares of its common stock to Alexco shareholders for a total consideration of about $69 million; the silver streaming interest at Alexco's Keno Hill property held by Wheaton Precious Metals was terminated in exchange for $135 million of Hecla common stock; and Hecla provided Alexco with a $30 million secured loan facility, of which $25 million was drawn when the transaction closed.




Email or user name:
Password:
 
Forgot password? Click here.