secwatch.observer — SEC 8-K summary
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Issuer:     HECLA MINING CO/DE/ (HL)
CIK:        0000719413
Form:       8-K/A
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001437749-26-010330
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719413/000143774926010330/0001437749-26-010330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719413/000143774926010330/hl20260330_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-010330

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