Hecla closes Casa Berardi sale to Orezone and calls $263 million of 2028 notes
Hecla completed the sale of Hecla Quebec Inc., which owns the Casa Berardi mine, to an affiliate of Orezone Gold, receiving $160 million in cash and about 65.8 million Orezone common shares at closing. The company also gave notice to redeem its remaining $263 million 7.25% Senior Notes due 2028 on or about April 9, 2026, funded by the sale proceeds and cash on hand, which management says will improve financial flexibility.
Key points
- Closing received $160 million in cash and approximately 65.8 million Orezone common shares
- Hecla is also entitled to deferred cash and contingent cash payments of up to $321 million, subject to conditions and milestones
- Remaining $263 million 7.25% Senior Notes due 2028 to be redeemed at 100% of principal plus accrued interest on or about April 9, 2026
- Redemption to be funded with sale proceeds and cash on hand
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.