Hecla completed the acquisition of Alexco Resource for $69m.

Hecla, a gold, silver and other precious metals mining company, completed the acquisition of Alexco Resource, an owner and operator of the historic Keno Hill Silver District in Canada's Yukon Territory, for $69m. “With the world’s increasing demand for silver for clean energy, Hecla is helping meet that demand as the world’s fastest growing established silver miner. Since 2010, Hecla has increased silver production by more than 25%. With the additional production from Alexco’s Keno Hill, and the continued production growth from Greens Creek and Lucky Friday, we expect Hecla to produce 17-20m ounces per year in the next few years, which is 30 to 55% more than 2021. Hecla’s silver production is in the United States where it already produces 40% of all the silver mined and, with Keno Hill, Hecla is on the path of being Canada’s largest silver producer as well," Phillips S. Baker, Hecla President & CEO.