Hecla Mining Company Announces Sale of Casa Berardi for up to $593 Million
Hecla Mining Company (HL)
Last hecla mining company earnings: 2/6 03:30 am
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Source: Business Wire
Transaction Aligns with Company’s Strategic Transformation; Expected to Further Strengthen Balance Sheet COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) ("Hecla", or the "Company") announced today that it has agreed to sell its subsidiary that owns the Casa Berardi operation in Quebec, Canada to Orezone Gold Corporation ("Orezone") for up to $593 million in total consideration. The transaction advances Hecla's strategic transformation to focus on its premier silver assets and is expected to strengthen the Company's financial position.The transaction is expected to close in the first quarter of 2026, subject to certain conditions being satisfied. Under the terms of the agreement, Hecla expects to receive gross proceeds of up to $593 million, which includes:Cash consideration of $160 million due upon closingEquity consideration of approximately 65.7 million Orezone common shares, to be issued upon closing, currently valued at approximately $112 millionDeferred c
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News
- Hecla Announces Fourth Quarter and Full-Year 2025 Earnings CallBusiness Wire
- Why Hecla Mining (HL) Is Down 29.2% After Selling Casa Berardi And Pivoting To Silver [Yahoo! Finance]Yahoo! Finance
- Silver and gold tumble triggers major reset for mining stocks [Yahoo! Finance]Yahoo! Finance
- Is Hecla Mining (HL) Pricing Look Stretched After A 297% One Year Surge [Yahoo! Finance]Yahoo! Finance
- Hecla Mining to Sell Casa Berardi to Orezone in $272M Deal, Closing Targeted for Q1 2026 [Yahoo! Finance]Yahoo! Finance
HL
Earnings
- 11/5/25 - Beat
HL
Sec Filings
- 1/28/26 - Form 8-K
- 1/26/26 - Form 8-K
- 1/21/26 - Form SCHEDULE
- HL's page on the SEC website