Hecla Mining Co. (HL) said Tuesday that it plans to offer US$400 million of new Senior Unsecured Notes due 2021.
The proceeds will be used to partially fund the acquisition of Aurizon Mines Ltd. and for general corporate purposes, including expenses related to the acquisition, the company said.
The company noted that it will deposit the proceeds from the Notes into an escrow account until the satisfaction of certain conditions set forth in an escrow agreement, including the consummation of the acquisition. If the escrow conditions are not satisfied or waived or the escrow agreement related thereto is terminated, the Notes will be subject to a special mandatory redemption. Escrowed funds would be released and applied to pay for any such redemption.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.