In a strategic acquisition finalized in September 2022, Hecla Mining Company acquired Alexco Resource Corp., a move that significantly bolstered Hecla's position as a leading silver producer in the United States. The transaction, valued at approximately $74 million, involved Hecla issuing 0.116 of its shares for each Alexco share, effectively integrating Alexco's high-grade Keno Hill Silver District in Canada's Yukon Territory into its portfolio. This acquisition not only expanded Hecla's resource base but also enhanced its operational capabilities and growth potential in the silver mining sector. The deal underscored Hecla's commitment to increasing its silver production and solidifying its status as a dominant player in the North American mining industry.