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Hecla Mining to Divest Casa Berardi, Refocus on Silver

Story Highlights
  • Hecla Mining agreed on January 26, 2026 to sell its Casa Berardi operation and Quebec exploration assets to Orezone Gold for up to $593 million, with a mix of cash, shares, deferred and contingent payments and closing targeted for the first quarter of 2026.
  • The transaction is positioned as a strategic portfolio shift that lets Hecla concentrate on its flagship silver mines, direct proceeds toward debt reduction and balance sheet strength, and bolster its standing as a leading North American silver producer while Orezone assumes Casa Berardi’s growth potential.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hecla Mining to Divest Casa Berardi, Refocus on Silver

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The latest update is out from Hecla Mining Company ( (HL) ).

On January 26, 2026, Hecla Mining Company announced it had entered into a definitive agreement to sell its wholly owned subsidiary Hecla Quebec Inc., owner of the Casa Berardi operation and a portfolio of exploration properties in Quebec, to Orezone Gold Corporation for total consideration of up to $593 million, with closing targeted for the first quarter of 2026. The deal structure combines $160 million in cash at closing, approximately 65.7 million Orezone shares currently valued at about $112 million, $80 million in deferred cash payments over 30 months, and up to $241 million in contingent payments tied to production, permitting milestones and future gold prices; management framed the sale as a disciplined portfolio reshaping that will allow Hecla to sharpen its focus on its core silver assets such as Keno Hill and Greens Creek, reduce debt, and reinforce its balance sheet, thereby reinforcing its positioning as a leading silver producer and potentially delivering enhanced value to shareholders while transferring Casa Berardi’s future upside to Orezone.

The most recent analyst rating on (HL) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on Hecla Mining Company stock, see the HL Stock Forecast page.

Spark’s Take on HL Stock

According to Spark, TipRanks’ AI Analyst, HL is a Neutral.

The score is primarily supported by solid financial performance and a strong, de-risking earnings narrative (record results and significant debt reduction). It is held back by expensive valuation (very high P/E) and near-term technical risk from overbought momentum readings despite a strong uptrend.

To see Spark’s full report on HL stock, click here.

More about Hecla Mining Company

Founded in 1891, Hecla Mining Company is the largest silver producer in the United States and Canada, operating mines in Alaska, Idaho, and Quebec and developing a project in Canada’s Yukon. The company holds a portfolio of exploration and pre-development projects in major silver and gold districts across North America, with a strategic focus on building a multi-asset, primarily silver-focused mining business in top-tier jurisdictions.

Average Trading Volume: 23,391,460

Technical Sentiment Signal: Buy

Current Market Cap: $20.08B

For detailed information about HL stock, go to TipRanks’ Stock Analysis page.

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