Hecla sells Casa Berardi to Orezone for up to $593M, focusing on silver portfolio

HECLA MINING CO/DE/

Total consideration up to $593M: $160M cash, ~$112M in Orezone shares, $80M deferred, plus up to $241M contingent.
Proceeds to be used for debt reduction and balance sheet strengthening; focus shifts to Keno Hill and Greens Creek.
Transaction expected to close in Q1 2026, subject to customary conditions.
CEO Rob Krcmarov says sale is immediately ROIC accretive and advances strategic transformation.
Hecla sells Quebec subsidiary including Casa Berardi operation and exploration properties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HECLA MINING CO/DE/ entered into Definitive Agreement with Orezone Gold Corporation valued at up to $593 million (effective 2026-01-26).

Action: entry
Agreement: asset purchase
Counterparty: Orezone Gold Corporation
Value: up to $593 million
Effective: 2026-01-26

Exact text from the filing

On January 26, 2026, Hecla Mining Company (“we,” “us” or “Hecla”) issued a news release announcing it had entered into a definitive agreement (the “Agreement”) to sell its wholly owned subsidiary, Hecla Quebec Inc., which owns the Casa Berardi operation, and a portfolio of exploration properties, all located in Quebec, Canada, to Orezone Gold Corporation (“Orezone”) for up to $593 million in total consideration.

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HECLA MINING CO/DE/ filing history →

Source: SEC EDGAR

accession 0001437749-26-002243

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