Highest-materiality recent filing
Hecla completes $263M 7.25% senior note redemption, achieves debt-free balance sheet
Redeemed remaining $263M 7.25% Senior Notes due 2028 using proceeds from Casa Berardi sale and cash on hand.
Hecla sells Casa Berardi to Orezone for up to $593M; to redeem $263M notes
Closed March 25: received $160M cash + 65.8M Orezone shares ($95.5M); deferred payments up to $80M; contingent royalty up to $241M.
Hecla closes Casa Berardi sale for $160M cash + 65.8M Orezone shares; redeems $263M notes
Sale of Casa Berardi to Orezone affiliate closed: $160M cash, 65.8M Orezone shares, plus up to $321M deferred/contingent.
Hecla reports 231M oz silver reserves, nearly doubles exploration budget to $55M in 2026
Silver reserves 231M oz after producing 17M oz in 2025; peer-leading average reserve life nearly double industry average.
Hecla sells Casa Berardi to Orezone for up to $593M, focusing on silver portfolio
Total consideration up to $593M: $160M cash, ~$112M in Orezone shares, $80M deferred, plus up to $241M contingent.
FY2025 silver production 17.0M oz (+5% YoY) and gold 150,509 oz, both at top end of guidance.
Q2 2025 operating and financial results released; no specific figures provided in the 8-K body.
On May 22, 2025, the Company announced the Board of the Company appointed Dean Gehring as a Class I director (standing for election in 2026, to fill the resulting vacancy of the retirement of Mr. Johnson), effective May 21, 2025.
Mr. George R. Johnson, a member of the Board of Directors (“Board”), submitted his letter of resignation to Hecla Mining Company (“Company,” “our,” “we,” or “Hecla) effective after the Annual Meeting held on May 21, 2025, due to his desire to retire.
Max materiality 0.85 · Median 0.50 · Most common event leadership