Precious Metals M&A » By The Online Investor Staff, updated Mon., Feb. 6, 1:02 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 is a holding company. Through its subsidiaries, Co. discovers, acquires and develops mines and other mineral interests and produces and markets concentrates, carbon material, and unrefined dore. Co. is organized in four segments that include its operating mines and primary assets being Greens Creek, Lucky Friday, Casa Berardi and the Nevada Operations. Co. produces zinc, silver and precious metals flotation concentrates at Greens Creek and zinc flotation concentrates at Lucky Friday, each of which it sells to custom smelters and metal traders. Co. also produces unrefined gold and silver bullion bars (dore), loaded carbon and precipitates at Casa Berardi and Nevada Operations.
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