05:10 PM EDT, 03/25/2026 (MT Newswires) -- Hecla Mining ( HL ) said late Wednesday it has completed the sale of its subsidiary that owns the Casa Berardi Mine in Quebec, Canada, to a wholly-owned unit of Orezone Gold.

Hecla's subsidiary received $160 million in cash and about 65.8 million Orezone common shares upon closing and is entitled to receive deferred cash payments and contingent cash consideration of up to $321 million, the company said.

Additionally, Hecla announced the delivery of a notice of full redemption to the holders of its remaining $263 million 7.25% senior notes due 2028. The redemption date is set for April 9, the company added.

The company said it plans to use the cash proceeds from the transaction, along with cash on hand, to finance the redemption of the notes and the payment of any accrued and unpaid interest.