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Hecla to acquire Klondex in US$462m deal

New York-listed Hecla Mining (US:HL) will acquire three, high-grade Nevada gold mines through a friendly acquisition of Klondex Mines (CN:KDX) in a cash and shares deal worth US$462 million.

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Hecla will bring its experience to Klondex operations

Hecla will bring its experience to Klondex operations

The major silver producer said the deal was structured to use Hecla's excess cash balance while minimising dilution. News of the deal sent Klondex shares up almost 60% while Hecla shares hit a 52-week...

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