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Natural Resources
Hecla Mining Buys Minority Stake in Brixton Metals

The silver exploration company would buy 19.8 percent of the target’s 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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