Hecla sells Casa Berardi to Orezone for up to $593M; to redeem $263M notes

HECLA MINING CO/DE/

Closed March 25: received $160M cash + 65.8M Orezone shares ($95.5M); deferred payments up to $80M; contingent royalty up to $241M.
Proceeds to redeem remaining $263M of 7.25% Senior Notes due 2028 using $160M cash and existing resources.
Pro forma shows ~$19M annual interest expense reduction; estimated loss on disposal of $196.9M.
Hecla Quebec Inc. contributed $319M revenue and $33M D&A in 2025; segment removed from ongoing operations.

item 9.01

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