Orezone Gold to acquire Casa Berardi gold mine of Hecla Mining for $593m.

Orezone Gold, a Canadian-based gold exploration and development company, agreed to acquire Casa Berardi gold mine of Hecla Mining, a low-cost silver producer with operating mines in Alaska, Idaho, and Mexico, for $593m. “The combination of Casa Berardi and Bomboré creates a multi-asset platform with strong production and free cash flow, positioning Orezone for near-term growth and long-term value creation. Casa Berardi’s established operating history, robust resource and reserve base, and substantial exploration upside across a 37 km mineralized corridor, provide a foundation for sustained growth. Consistent with recent acquisitions of non-core Canadian operating mines, we believe this transaction represents a defining milestone that will generate meaningful value for all shareholders," Patrick Downey, Orezone President & CEO.