Hecla Mining Co. said it completed the
ATAC Resources acquisition. “With the
ATAC acquisition, we continue to execute
our strategy of acquiring large land packages
with significant exploration potential
in favorable mining jurisdictions,” said Phil
Baker, president and CEO, Hecla Mining.
“The Rackla and Connaught properties in
the Yukon are a massive land package
of over 700 square miles (1,830 km2), almost
half the size of Rhode Island, with
identified gold, silver, and base metal
mineralization. As a result of previous investment
in exploration by ATAC, Hecla
is not obligated for the next decade to
make significant expenditures to maintain
control of the land package, so while
we will advance the exploration as quickly
as possible, we will have flexibility on
our pace of spending.”
The acquisition further cements the
company’s position in the Yukon, with its
Keno Hill mine going into production in
Q3 2023. It is expected to produce more
than 2.5 million oz of silver in 2023 and
to become Canada’s largest and highest-
grade primary silver mine.
Hecla also announced that Casa Berardi
successfully restarted operations
on June 29 following the partial lifting of
Quebec’s ban on access to the road to
the mine. All mining and processing activities
have resumed normally.
As featured in Womp 2023 Vol 08 - www.womp-int.com