Hecla bids for Mines Management and its Montanore deposit

摘要

Hecla Mining (NYSE: HL) is hoping to fortify its silver development portfolio in the U.S. Northwest with a US$37-million, all-share acquisition of Mines Management (TSX: MGT; NYSE-MKT: MGN) and its large Montanore silver-copper deposit in northwestern Montana. The friendly deal would see Mines Management shareholders receive 0.2218 of a share of Hecla, or a 41% premium based on the companies' 10-day, volume-weighted average trading prices at the time of signing.