On March 25, 2026, Hecla Mining Company (NYSE: HL) announced the successful completion of the sale of its subsidiary, which owns the Casa Berardi Mine in Quebec, Canada, to Orezone Gold Corporation. The transaction, valued at $160 million in cash and approximately 65.8 million Orezone common shares, is expected to enhance Hecla's strategic positioning as a leading North American silver producer. Additionally, Hecla has delivered a notice of redemption for its remaining $263 million 7.25% Senior Notes due 2028, with a redemption date set for April 9, 2026. This move is anticipated to strengthen Hecla's balance sheet and provide the company with increased financial flexibility to pursue growth opportunities within its silver portfolio. Hecla's President and CEO, Rob Krcmarov, emphasized that the closure of this transaction marks a significant milestone in the company's transformation, allowing it to focus on its world-class silver assets and invest in future growth initiatives.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.