Hecla Mining Co HL

Alternate Symbol(s): HL.PR.B

Metals & Mining Silver

Hecla Mining Company discovers, acquires and develops mines and other mineral interests and produces and market concentrates containing silver, gold and other metals, carbon material containing silver and gold, and unrefined dore containing silver and gold. Its segments include Greens Creek, Lucky Friday, Keno Hill, Casa Berardi and Nevada Operations. The Company produces zinc, silver and precious metals flotation concentrates at Greens Creek and silver and zinc flotation concentrates at Lucky Friday. At Greens Creek, it also produces gravity concentrate containing payable silver, gold and lead. It also produces unrefined gold and silver bullion bars (dore) and loaded carbon and precipitates at Casa Berardi, which are shipped to refiners before sale of the metals to precious metal traders. Keno Hill is located in the Keno Hill Silver District in Canada's Yukon Territory. Nevada Operations consists of four land packages in northern Nevada totaling approximately 110 square miles.

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Hecla Mining Co

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Post by hsyxuon Mar 04, 2013 12:55pm

424 Views

Post# 21074516

Where are the synergies?

Why would an American silver producer buy a small Canadian gold producer like Aurizon in a high tax province like Quebec? I simply don't see the synergies. In addition, Hecla is planning to pay for the purchase with a combination of cash and stock: up to 57 million (or 20%) new shares, thereby significantly diluting the value of current shareholders. Hecla's share price is down 12% right now. - Makes no sense to me. Does anyone have a logical explanation?

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