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Vol. 13, No. 52 Week of December 28, 2008
Providing coverage of Alaska and Northwest Canada's mineral industry


Mining News: Hecla gets extension for bridge loan

Bank accepts mine plan and gives silver miner more time to repay $40 million short-term obligation from Greens Creek purchase

Shane Lasley

Mining News

Hecla Mining Co. now has until Feb. to pay off the remaining balance on the $240 million bridge loan it took out to purchase Rio Tinto’s 70.27 percent of the Greens Creek Mine near Juneau, Alaska. In April, the Coeur D’Alene-based silver miner agreed to pay $750 million ($700 million in cash and $50....

    [additional news subjects in this story]

Bridge loan

Silver miner raises $21 million

Low-cost silver producer

Looking ahead


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