Hecla Mining agrees to $2.5M deal; Nye County mine focus of deal

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 11/20/2012 10:44 am

COEUR D'ALENE, Idaho (AP) — Officials with Hecla Mining Company say the business is acquiring about 14 million shares of a Canada-based resource exploration company for about $2.5 million.

The Coeur d'Alene Press reports the acquisition means Hecla will control about 15 percent of the outstanding common shares of Canamex Resources Corp.

Canamex is focused on the exploration of two gold properties: The Bruner gold project in Nye County, Nevada, and the Aranka North gold project in Guyana.

Hecla officials say they don't currently have any intention to acquire ownership or control over additional securities of Canamex.

©2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND

What's On

All content © Copyright 2013 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.