Hecla Mining Buys Minority Stake in Brixton Metals
The silver exploration company would buy 19.8 percent of the targets stock
Hecla Mining Co. (NYSE: HL) is buying a 19.8 percent stake in Brixton Metals Corp.
Brixton is a Canadian resource exploration company. Terms of the deal weren’t disclosed.
Hecla, a Coeur d’Alene, Idaho-based silver producer, will make the deal through a subsidiary. The company doesn’t have plans to acquire control over Brixton, it said in a press release.
Also in February, Coeur d’Alene Mines Corp. (NYSE: CDE), also based in Coeur d’Alene, Idaho, offered to buy Orko Silver Corp. (NSX: OK) for $381.9 million.
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