---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-002243"
form_type: "8-K"
ticker: "HL"
cik: "0000719413"
company_name: "HECLA MINING CO/DE/"
filed_at: "2026-01-28T23:59:59+00:00"
generated_at: "2026-05-16T07:13:19.688949+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-002243
- form_type: 8-K
- ticker: HL
- cik: 0000719413
- company_name: HECLA MINING CO/DE/
- filed_at: 2026-01-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719413/000143774926002243/0001437749-26-002243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719413/000143774926002243/hl20260127_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-002243
- JSON: https://secwatch.observer/filing/0001437749-26-002243.json
- Plain text: https://secwatch.observer/filing/0001437749-26-002243.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/719413/000143774926002243/0001437749-26-002243-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.