Hecla Mining Co Stock Price, News & Analysis

Alexco Resource Corp. (NYSE American: AXU) has received a final court order from the Supreme Court of British Columbia, approving its acquisition by 1080980 B.C. Ltd., a subsidiary of Hecla Mining Company (NYSE: HL). Shareholders of Alexco will receive 0.116 shares of Hecla for each Alexco share. The arrangement is expected to close on September 7, 2022, after satisfying customary conditions. Post-acquisition, Alexco's shares will be delisted from the Toronto Stock Exchange and NYSE American. Details on the shares exchange can be found in the management information circular dated July 28, 2022.

Hecla Mining Company (NYSE:HL) announced that President and CEO, Phillips S. Baker, Jr., will present at the John Tumazos Very Independent Research, LLC Virtual Conference on August 9, 2022, at 11:00 a.m. Eastern Time. Interested participants can access the presentation via a webcast at this link. Additionally, presentation materials will be available on the Company’s website, enhancing accessibility for stakeholders.

Founded in 1891, Hecla Mining is the largest silver producer in the United States, operating mines in Alaska, Idaho, and Quebec, Canada.

Hecla Mining Company (NYSE: HL) reported its second quarter 2022 results, marking the ninth consecutive quarter of free cash flow generation. Silver production increased to 3.6 million ounces, alongside 45,719 ounces of gold. Sales rose 3% to $191.2 million despite falling metal prices. However, the company recorded a net loss of $13.7 million or $0.03 per share. Adjusted EBITDA was $70.5 million and cash on hand totaled $198.2 million. The planned acquisition of Alexco Resource Corp is expected to bolster Hecla's position as a leading silver producer.

Hecla Mining Company (NYSE:HL) reported its second quarter 2022 results, marking its ninth consecutive quarter of free cash flow generation. Silver production increased to 3.6 million ounces, while gold production reached 45,719 ounces. Sales rose to $191.2 million, up 3% from the previous quarter. However, the company posted a net loss of $13.7 million or $0.03 per share, impacted by declining metal prices and increased costs. Adjusted EBITDA stood at $70.5 million. Hecla announced a pending acquisition of Alexco Resource Corp, further strengthening its silver production capacity.

Hecla Mining Company (NYSE:HL) will announce its second quarter 2022 financial results on August 4, 2022, before market opening. A conference call to discuss the results is scheduled for 10:00 a.m. Eastern Time on the same day, accessible via a toll-free number for participants. Investors are also invited to register for one-on-one calls with management on that day. Founded in 1891, Hecla is the largest silver producer in the U.S., with operations in Alaska, Idaho, and Quebec, as well as exploration properties across North America.

Emergent Metals Corp. announced a non-brokered private placement to raise up to CDN$1,000,000 by issuing up to 5,000,000 units at CDN$0.20 each. Each unit consists of one common share and one warrant, exercisable at CDN$0.26 for 24 months. Insiders may participate, exempting them from certain minority approval requirements. Funds will be used for exploration in Quebec and Nevada. The offering is subject to TSX Venture Exchange approval. Securities will have a four-month and one-day hold period.

Hecla Mining Company (NYSE: HL) reported a strong second quarter with a 10% increase in silver production, reaching 3.6 million ounces, attributed to record throughput at the Lucky Friday Mine. Gold production also rose by 10% to 45,718 ounces. Both zinc and lead production saw increases of 12% and 23%, respectively. The company announced its acquisition of Alexco Resource Corp, enhancing its position in the silver market. Overall, all mines performed solidly, with Lucky Friday achieving a significant silver output of 1.2 million ounces.

Hecla Mining Company (NYSE: HL) is set to acquire Alexco Resource Corp. (NYSE American: AXU) in a definitive agreement. Each Alexco share will exchange for 0.116 Hecla shares, valuing Alexco at US$0.47 per share, a 23% premium based on recent stock performance. Hecla aims to enhance its silver reserves by 19% to 237 million ounces and improve production capabilities at the Keno Hill property. The transaction includes US$30 million in interim financing for Alexco, ensuring continued development. The boards of both companies have unanimously approved the merger, with completion expected in September 2022.

Hecla Mining Company (NYSE:HL) has reached a definitive agreement to acquire all outstanding shares of Alexco Resource Corp. (NYSE American:AXU) not already owned by Hecla. Each Alexco shareholder will receive 0.116 Hecla shares, valuing Alexco shares at US$0.47, a 23% premium over the recent trading price. Hecla plans to provide interim financing for ongoing development at Keno Hill and has terminated a silver streaming interest with Wheaton Precious Metals for US$135 million of its shares. This acquisition is set to enhance Hecla's silver reserves by 19% and position it as Canada's largest silver producer.