M&A · Energy · Gold and Silver Ores
Hecla Mining Co to acquire Alexco Resource Corp
Announced Jul 5, 2022 · Closed Sep 7, 2022
Deal value$71MEV $71M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$0.47 per share
Transaction
- Acquirer
- Hecla Mining Co (HL)
- Target
- Alexco Resource Corp
- Buyer type
- Strategic
- Offer price per share
- $0.47
- Enterprise value
- $71M
- Status
- Closed Sep 7, 2022
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- BMO Capital Markets
- To the target
- Not disclosed
Sector context · Energy
- Comparable deals
- 35 in the prior 24 months
- Premium
- Sector median 27.3%
- EV / Adj. EBITDA
- Sector median 12.2x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedJul 5, 2022
- ClosedSep 7, 2022