M&A Deal Summary

Hecla Mining Acquires Aurizon Mines

On June 3, 2013, Hecla Mining acquired metals/mining company Aurizon Mines for 796M CAD

Acquisition Highlights
  • This is Hecla Mining’s 3rd transaction in the Metals/Mining sector.
  • This is Hecla Mining’s largest (disclosed) transaction.
  • This is Hecla Mining’s 1st transaction in Canada.
  • This is Hecla Mining’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2013-06-03
Target Aurizon Mines
Sector Metals/Mining
Buyer(s) Hecla Mining
Deal Type Add-on Acquisition
Deal Value 796M CAD

Target

Aurizon Mines

Vancouver, British Columbia, Canada
website
Aurizon Mines Ltd. is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, Canada. A mining jurisdictions and prolific gold and base metal regions, and by increasing production through accretive transactions.

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Buyer(S) 1

Buyer

Hecla Mining

Coeur d'Alene, Idaho, United States

website

Category Company
Founded 1891
Sector Metals/Mining
Employees1,850
Revenue 718M USD (2022)
DESCRIPTION

Hecla Mining is a silver producer with operating mines in Alaska and Idaho and is a growing gold producer with an operating mine in Quebec, Canada. Hecla also has exploration and pre-development properties in five world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada. Hecla Mining was founded in 1891 and is based in Coeur d'Alene, Idaho.

DEAL STATS #
Overall 3 of 7
Sector (Metals/Mining) 3 of 7
Type (Add-on Acquisition) 1 of 5
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-12 Kennecott Greens Creek Mining

Juneau, Alaska, United States

Kennecott Greens Creek Mining is a silver, gold, zinc and lead underground mine and concentrator lead in Southeast Alaska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Revett Mining

Spokane Valley, Washington, United States

Revett Mining Co., Inc. is a silver-copper company that owns and operates the Troy Mine and the world class permitting stage Rock Creek project (containing inferred and historical resource estimates of 300 million ounces of silver and 2.5 billion pounds of copper); both properties are located in northwestern Montana.

Buy $20M
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