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Canadian miner secures $32M investment
Canada’s gold and silver miner Hecla Mining has secured a $32 million investment from Ressources Quebec. The funds are to be used to develop and expand the Casa Berardi mine, located in Quebec’s Abitibi-Témiscamingue region.
“Since we acquired the Casa Berardi mine, we have seen a significant improvement in its operations, including doubling the throughput, increased gold production and reserves, and a 70% reduction in the All Injury Frequency Rate,”said Phillips S. Baker, Jr., the president and CEO of Hecla Mining. “We have also added about 250 workers to the mine since it was acquired, bringing the total to around 950 currently.”
Hecla Mining says it operates mines in Alaska, Idaho and Mexico, and develops its gold production capacities in Quebec, Canada. The company also owns exploration and pre-development properties in seven silver and gold mining districts in the U.S., Canada, and Mexico.