Hecla Mining Company Completes Acquisition of Alexco Resource Corp.
September 7, 2022
Hecla Mining Company completed its acquisition of Alexco Resource Corp., issuing approximately 17.99 million Hecla shares to Alexco shareholders and providing a secured loan facility. The deal also terminated the Wheaton Precious Metals streaming interest at Alexco's Keno Hill property in exchange for Hecla common stock; Hecla said the acquisition will expand its silver production and add the Keno Hill operation in the Yukon to its portfolio.
- Buyers
- Hecla Mining Company
- Targets
- Alexco Resource Corp.
- Sellers
- Alexco Resource Corp. shareholders
- Industry
- Energy
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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