M&A Deal Summary

Hecla Mining Acquires Alexco

On July 5, 2022, Hecla Mining acquired metals/mining company Alexco

Acquisition Highlights
  • This is Hecla Mining’s 7th transaction in the Metals/Mining sector.
  • This is Hecla Mining’s 2nd transaction in Canada.
  • This is Hecla Mining’s 2nd transaction in British Columbia.

M&A Deal Summary

Date 2022-07-05
Target Alexco
Sector Metals/Mining
Buyer(s) Hecla Mining
Deal Type Add-on Acquisition
Advisor(s) Cormark Securities (Financial)
Blake, Cassels & Graydon (Legal)

Target

Alexco

Vancouver, British Columbia, Canada
Alexco is an owner and operator of the Keno Hill Silver District in Canada’s Yukon Territory, one of the highest-grade silver deposits. Alexco was founded in 2004 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Hecla Mining

Coeur d'Alene, Idaho, United States

Category Company
Founded 1891
Sector Metals/Mining
Employees1,830
Revenue 930M USD (2024)
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 7 of 7
Sector: Metals/Mining M&A 7 of 7
Type: Add-on Acquisition M&A Deals 5 of 5
State: British Columbia M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Klondex Mines

Reno, Nevada, United States

Klondex Mines Ltd. is a junior-tier gold and silver mining company focused on exploration, development, and production in a safe, environmentally responsible, and cost-effective manner. Klondex has 100% interests in three producing mineral properties: the Fire Creek Mine, the Midas Mine and ore milling facility, and the Hollister Mine, all of which are located in the state of Nevada, USA. Klondex also has a 100% interest in the True North Mine and mill in Manitoba, Canada and the Aurora Mine and ore milling facility, located in Nevada, USA.

Buy $462M