M&A Deal Summary

Hecla Mining Acquires Mines Management

On May 24, 2016, Hecla Mining acquired metals/mining company Mines Management

Acquisition Highlights
  • This is Hecla Mining’s 5th transaction in the Metals/Mining sector.
  • This is Hecla Mining’s 4th transaction in the United States.
  • This is Hecla Mining’s 2nd transaction in Washington.

M&A Deal Summary
Date 2016-05-24
Target Mines Management
Sector Metals/Mining
Buyer(s) Hecla Mining
Deal Type Add-on Acquisition

Target

Mines Management

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

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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 5 of 7
Sector (Metals/Mining) 5 of 7
Type (Add-on Acquisition) 3 of 5
State (Washington) 2 of 2
Country (United States) 4 of 5
Year (2016) 1 of 1
PREVIOUS 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
FOLLOWING 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
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