Article: Hecla Acquires 70.3% of Greens Creek Mine for $750 Million.

COEUR D'ALENE, Idaho -- Hecla Mining Company (NYSE:HL) today announced an agreement with Kennecott, a subsidiary of Rio Tinto, to acquire the companies owning 70.3% of the Greens Creek mine near Juneau, Alaska.

Highlights

* Hecla will control 100% of the world's fifth largest silver mine

* Almost doubles Hecla's annual silver production to approximately 11 million ounces

* Increases silver reserves by about 150% and gold reserves by about 140%

* Greens Creek is among the lowest cash cost silver mines in North America

* Accretive on major metrics

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!