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.