Hecla to buy Aurizon Mines for C$796 mln

Mon Mar 4, 2013 6:28am EST
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March 4 (Reuters) - Hecla Mining Co, the No.2 U.S. silver miner by output, said it will buy Canadian gold miner Aurizon Mines Ltd for about C$796 million ($774.36 million), nearly a month after the Canadian company rejected an unsolicited offer from Alamos Gold Inc.

The offer price of C$4.75 per share represents a premium of 9 percent to Aurizon's Friday closing of C$4.35.

Aurizon said last month it was in talks with a number of potential buyers.