HECLA MINING CO/DE/ (HL): M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HECLA MINING CO/DE/ completed a disposition involving 17629346 Canada Inc., an affiliate of Orezone Gold Corporation for $160 million in cash and approximately 65.8 million Orezone common shares (closed 2026-03-25).

Action: disposition
Counterparty: 17629346 Canada Inc., an affiliate of Orezone Gold Corporation
Consideration: $160 million in cash and approximately 65.8 million Orezone common shares
Closing: 2026-03-25

Exact text from the filing

As part of the Transaction, the Company’s direct wholly-owned subsidiary received $160 million in cash and approximately 65.8 million Orezone common shares upon closing and is entitled to receive deferred cash payments and contingent cash consideration of up to $321 million.

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Source: SEC EDGAR

accession 0001437749-26-009820

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