In early March, Hecla Mining (HL) announced its acquisition of Klondex Mines Ltd (KLDX) primarily for its three U.S. gold mines. The majority of Klondex’s production and cash flow are produced by these gold mines. As a result of this announcement, Klondex’s stock surged nearly 58 percent, while Hecla’s was down more than 10 percent.
Now, investors can choose between cashing in on the merger announcement or holding and potentially receiving cash and stock when the deal closes.
For the complete article, visit “Why Klondex Mines Ltd Stock Is Soaring Today” on fool.com.
As of 03/31/2018, the U.S. Global GO GOLD and Precious Metal Miner ETF (GOAU) does not own Hecla Mining or Klondex Mines.
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