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.

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