Hecla Completes Acquisition of Klondex Mines
Hecla Mining (NYSE:HL) has completed its acquisition of Klondex Mines (TSX:KDX,NYSE American:KLDX) for approximately US$153 million and 75 million shares, Hecla announced on Monday (July 23). The deal will result in Hecla owning three high-grade mines in Nevada, which is considered one of the best mining districts in the world. “These assets immediately add production and cash flow, and because they are a good fit with Hecla's expertise, we believe there is significant opportunity for improvement in the mines' productivity and consistency,” said Phillips S. Baker, Jr., president and CEO. Will Silver Go Up This Year? Find out [...]