M&A Deal Summary

Hecla Mining Acquires Klondex Mines

On March 19, 2018, Hecla Mining acquired metals/mining company Klondex Mines for 462M USD

Acquisition Highlights
  • This is Hecla Mining’s 6th transaction in the Metals/Mining sector.
  • This is Hecla Mining’s 2nd largest (disclosed) transaction.
  • This is Hecla Mining’s 5th transaction in the United States.
  • This is Hecla Mining’s 1st transaction in Nevada.

M&A Deal Summary
Date 2018-03-19
Target Klondex Mines
Sector Metals/Mining
Buyer(s) Hecla Mining
Deal Type Add-on Acquisition
Deal Value 462M USD
Advisor(s) GMP Securities
INFOR Financial (Financial)
Bennett Jones
Dorsey & Whitney (Legal)

Target

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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Hecla Mining

Coeur d'Alene, Idaho, United States
Category Company
Founded 1891
Sector Metals/Mining
Employees1,775
Revenue 720M USD (2023)
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 6 of 7
Sector (Metals/Mining) 6 of 7
Type (Add-on Acquisition) 4 of 5
State (Nevada) 1 of 1
Country (United States) 5 of 5
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Mines Management

Spokane, Washington, United States

Mines Management, Inc. is a mineral company focused on the acquisition and exploration of silver dominant mineral deposits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 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.

Buy -
Mergr

Product

Company

Legal