Precious Metals M&A » By The Online Investor Staff, updated Tue., Aug. 9, 3:39 AM
Recent mergers and acquisitions in the Precious Metals M&A category.
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Slide #70. Hecla Mining Company — Aurizon Mines Ltd.
Acquirer:
Hecla Mining Company (NYSE:HL)
Acquiree:
Aurizon Mines Ltd.
Details:
Hecla Mining Company (NYSE:HL) announced today that its acquisition of Aurizon Mines Ltd. is complete. The acquisition brings to Hecla the Casa Berardi mine, which is located in Quebec, Canada, and is expected to produce 125,000 to 130,000 ounces of gold in 2013. With the ongoing shaft deepening project and planned future open pit development, the mine is expected to operate for more than a decade. The acquisition also brings several exploration and pre-development projects located in Quebec that could potentially generate future production growth.
Hecla Mining and its subsidiaries discover, acquire and develop mines and other mineral interests and produce and market concentrates, carbon material and dore containing silver, gold, lead and zinc. Co. has five units: the Greens Creek, Lucky Friday, Casa Berardi, San Sebastian and Nevada Operations units. Co. produces zinc, lead and bulk flotation concentrates at its Greens Creek unit and lead and zinc flotation concentrates at its Lucky Friday unit, each of which Co. sells to custom smelters and metal traders. Co. also produces unrefined gold and silver bullion bars (dore), loaded carbon and precipitates at its Casa Berardi, San Sebastian and Nevada Operations units.
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