Equinox merger

The directors of Hecla Mining (NYSE) have approved a merger with Equinox Resources (TSE).

Each company has satisfactorily completed its due diligence review, though the proposal is still subject to execution of a definitive merger agreement. Equinox President Ross Beaty intends to maintain an involvement with Hecla, primarily as an exploration consultant. He also intends to create a new junior.