Article: United States: Hecla Acquires 70.3% Of Greens Creek For $750 Million.

Byline: sunder03

COEUR D'ALENE, ID - Hecla Mining Company announced an agreement with Kennecott, a subsdidiary of Rio Tinto, to acquire the companies owning 70.3% of the Greens Creek mine near Juneau, Alaska.

Highlights: 1) Hecla will control 100% of the world's fifth largest silver mine; 2) almost doubles Hecla's annual silver production to approximately 11 million ounces; 3) increases silver reserves by about 150% and gold reserves by about 140%; 4) Greens Creek is among the lowest cash cost silver mines in North America

Hecla President and Chief Executive Officer, Phillips S. Baker, Jr., said, "We are extremely excited about acquiring the ...

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