Latest Admiralty mining district Stories
Hecla Mining Company (NYSE:HL) today announced an agreement to sell its subsidiaries engaged in Venezuelan activities to Rusoro Mining Ltd. (Rusoro) for $25 million, consisting of $20 million in cash and 4,273,504 shares of Rusoro common stock. The transaction is dependent upon regulatory approval. Hecla Mining Company President and Chief Executive Officer, Phillips S. Baker, Jr., said, "The sale of our Venezuelan properties is part of our strategy to reduce the financing put in place to...
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