HL · Hecla Mining Company

Summary

Hecla Mining Company completed the sale of all shares of Hecla Quebec Inc., owner of the Casa Berardi Mine, to an affiliate of Orezone Gold Corporation, receiving $160 million cash, approximately 65.8 million Orezone shares, and entitlement to up to $321 million deferred and contingent payments. The company also delivered a notice of full redemption for its remaining $263 million 7.25% Senior Notes due 2028, set for April 9, 2026, at par plus accrued interest.

Key takeaways

• Completed sale of Hecla Quebec Inc. to 17629346 Canada Inc., affiliate of Orezone Gold Corporation, on March 25, 2026
• Received $160 million cash and ~65.8 million Orezone common shares upon closing
• Entitled to deferred cash payments and contingent consideration up to $321 million
• Delivered notice of redemption for remaining $263 million 7.25% Senior Notes due 2028
• Redemption scheduled for April 9, 2026, at 100% of principal plus accrued interest
• Plans to fund redemption using transaction proceeds and cash on hand