Orezone Gold Acquires Hecla Quebec’s Casa Berardi Gold Mine in Canada

January 26, 2026

Orezone Gold Corporation entered into a definitive agreement to acquire 100% of Hecla Quebec Inc., including the Casa Berardi gold mine and a portfolio of Quebec exploration properties, for $352M upfront and deferred consideration plus up to $241M in contingent consideration. Orezone completed the acquisition in late March 2026, paying $160M in cash and issuing 65.8M Orezone shares to Hecla’s wholly owned subsidiary alongside deferred and milestone-based payments.

Buyers
Orezone Gold Corporation, Franco-Nevada Corporation
Targets
Hecla Quebec Inc., Casa Berardi gold mine, Quebec exploration portfolio (including Heva-Hosco, Duverny, and Opinaca-Wildcat properties)
Sellers
Hecla Mining Company, Hecla Quebec Inc.
Location
Quebec, Canada
Transaction Type
Buyout

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