Hecla Mining Company announced it has acquired substantially all of the assets of Independence Lead Mines Company (ILM), located in northern Idaho’s Silver Valley. ILM shareholders voted overwhelmingly in favor of the transaction at an ILM meeting of shareholders on Monday, October 27, 2008, and the transaction was closed today. Included in the ILM assets [...]

Hecla Mining Companyb announced it has repaid $200 million of the $240 million bridge loan used to acquire the remaining 70.27% of the Greens Creek joint venture. The loan agreement has been amended to extend the maturity date for the remainder of the bridge loan to February 16, 2009, subject to conditions set forth in [...]

Cabo Drilling Corp.’s U.S. subsidiary Advanced Drilling Inc. has been awarded a contract to drill a minimum of 35,000 feet of surface core drilling on Rio Grande Silver’s San Juan Silver Exploration Project, located north of Creede, Colorado.
The initial phase of drilling is designed to test the north extension of the Bulldog vein system which [...]

Hecla Mining Company today announced that it has set the price for its public offering of 31 million shares of common stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 4 million shares of common stock to cover over-allotments, if any. The shares are being offered to the [...]

Silver Verde May Mining Company announce that it has signed a letter of intent to acquire all of the issued and outstanding shares of Golden Eagle Mining Co., Inc.. Upon completion of due diligence and further director approvals, Verde May will issue 14,287,680 of its common shares to acquire all of the shares of Golden [...]

Rusoro Mining Ltd. report that a 43-101 report prepared by independent consultants Micon International Ltd. for the Isidora and Twin Shear gold projects has been filed. Both projects were part of the assets acquired in the acquisition of Hecla Mining Company’s Venezuelan assets. The total resources outlined in the report for Isidora confirmed the resources [...]

Hecla Mining company has just completed the transaction. The company sold its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro Mining Ltd. (Rusoro) for $25 million, consisting of $20 million in cash and 4,273,504 shares of Rusoro common stock. A 117-year-old company, Hecla has long been well known in the mining [...]

Hecla Mining Company has approved a revision to its agreement with Rusoro Mining Ltd. (Rusoro) to extend the date to July 8, 2008, for closing the transaction to sell its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro for $25 million. The sale agreement was previously announced on June 19, 2008, [...]