March 4, 2013 / 11:45 AM / 5 years ago

Hecla to buy Aurizon Mines for C$796 million

(Reuters) - Hecla Mining Co (HL.N), the No.2 U.S. silver miner by output, said it will buy Canadian gold miner Aurizon Mines Ltd (ARZ.TO) for about C$796 million ($774.36 million), nearly a month after the Canadian company rejected an unsolicited offer from Alamos Gold Inc (AGI.TO).

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.

    ($1 = 1.0280 Canadian dollars)

    Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Supriya Kurane

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below