Mining News: Silver miner prevails in survival battle
Hecla emerges from ‘near-death’ purchase of Greens Creek Mine to post record revenues, profit from acquisition of stellar asset
Hecla Mining Co. has repaid the US$380 million it borrowed to buy out Rio Tinto plc’s 70.3 percent interest in the Greens Creek Mine. The purchase, which gave the Idaho-based miner 100 percent interest in the Southeast Alaska silver mine, nearly proved to be the company’s undoing.
“It was frankly a....
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Struggling through 2008
Turn around in 2009
Exploring Greens Creek
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