Monday, March 05, 2018 7:30:34 PM
I am hoping the 4+% loan from Quebec firm does not drive down the share price. Hecla just announced that $31+ million dollar loan today also. Thoughts?
Date: 03-05-2018
COEUR D’ALENE, Idaho--(BUSINESS WIRE)-- Hecla Mining Company (NYSE:HL) today announced that Ressources Quebec, a wholly owned subsidiary of Investissement Québec, is making a C$40 (US$31.6) million loan investment in Hecla (“the investment”).
-K 8-K 2/15/2018 2/15/2018
Abstract: On Feb. 15, registrant reported its financial results for the quarter and for the year ended Dec. 31, 2017. Registrant declared a common stock dividend of 0.25 cent per share, payable March 13 to shareholders as of March 6, and a series B cumulative convertible preferred stock dividend of 87.5 cent per share, payable April 2 to shareholders as of March 15.
The investment will be in the form of a senior unsecured term loan with a coupon rate of 4.68%, to mature at the same time as the outstanding high yield notes, in 37 months. The proceeds are to be used for development and expansion of the Casa Berardi mine located in the Abitibi-Témiscamingue region in Quebec.
“Today’s announcement is another example of why Quebec is a leading mining jurisdiction in North America,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Since we acquired the Casa Berardi mine, we have seen a significant improvement in its operations, including doubling the throughput, increased gold production and reserves, and a 70% reduction in the All Injury Frequency Rate. We have also added about 250 workers to the mine since it was acquired, bringing the total to around 950 currently. We welcome this opportunity to work closer with the Quebec government as we continue to grow and strengthen the operation.”
Recent HL News
- Hecla to Participate in Gold Forum Americas and MINExpo International • Business Wire • 09/12/2024 01:00:00 PM
- Hecla Reports Second Quarter 2024 Results • Business Wire • 08/06/2024 10:18:00 PM
- Hecla Second Quarter 2024 Results Conference Call/Webcast and Virtual Investor Event • Business Wire • 07/24/2024 01:00:00 PM
- Hecla Announces Dismissal of “Bad Actor” Lawsuit • Business Wire • 07/11/2024 08:15:00 PM
- Hecla Announces Second Quarter Production • Business Wire • 07/10/2024 11:00:00 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/18/2024 08:30:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:05:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 08:43:15 PM
- Hecla Announces Leadership Transition • Business Wire • 05/23/2024 08:30:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:29:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:03:11 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 05/20/2024 09:31:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 09:19:38 PM
- Hecla Releases 2023 Sustainability Report • Business Wire • 05/20/2024 01:00:00 PM
- Hecla Files Early Warning Report in Respect of Cascadia Minerals • Business Wire • 05/10/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 04:00:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:05:39 AM
- Hecla Reports First Quarter 2024 Results • Business Wire • 05/08/2024 09:15:00 PM
- Hecla First Quarter 2024 Results Conference Call/Webcast and Virtual Investor Event • Business Wire • 04/25/2024 08:15:00 PM
- Hecla Announces First Quarter Production • Business Wire • 04/08/2024 09:25:00 PM
- Hecla to Participate in Gold Forum Europe 2024 • Business Wire • 04/04/2024 08:15:00 PM
- Hecla Appoints Director • Business Wire • 02/26/2024 09:15:00 PM
- Hecla to Participate at Upcoming Conferences • Business Wire • 02/20/2024 09:15:00 PM
- Hecla Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 02/14/2024 11:00:00 PM
- Hecla Reports Exploration Results and Reserves • Business Wire • 02/13/2024 10:30:00 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM