Hecla closes Casa Berardi sale for $160M cash + 65.8M Orezone shares; redeems $263M notes

HECLA MINING CO/DE/

Sale of Casa Berardi to Orezone affiliate closed: $160M cash, 65.8M Orezone shares, plus up to $321M deferred/contingent.
Hecla delivered full redemption notice for $263M 7.25% Senior Notes due 2028; redemption on April 9, 2026 at par plus accrued interest.
Proceeds and cash on hand will fund note redemption, strengthening the balance sheet and financial flexibility.
CEO Rob Krcmarov highlighted the transaction as a defining moment, positioning Hecla as the premier North American silver producer.
Hecla now focuses on silver assets: Greens Creek, Lucky Friday, and Keno Hill.

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