Orezone Gold signs agreement to acquire Hecla Quebec

Orezone Gold has signed a definitive agreement to acquire Hecla Mining Company’s wholly owned subsidiary Hecla Quebec for an upfront and deferred consideration of $352m (C$478.04m). This acquisition will enable Orezone to gain full ownership of the operational Casa Berardi gold mine along with a collection of exploration properties, all situated in Quebec, Canada. The total consideration includes contingent payments that could reach up to $241m. The upfront and deferred consideration comprises cash amo ...