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.