Hecla Mining to Buy Aurizon Mines for $781.7 Million

Bloomberg reported that Hecla Mining is buying Aurizon Mines Ltd. for $781.7 million.

As quoted in the market report

Aurizon investors will receive C$4.75 in cash or 0.9953 of Hecla stock for each share they own, Coeur D’Alene, Idaho-based Hecla said today in a statement. Aurizon’s board unanimously backed the Hecla offer and its directors and senior officers have agreed to vote their shares in favor of the deal, it said.

To view the whole Bloomberg report, click here.