PRECIOUS METALS

Hecla bids for ATAC

Hecla Mining has made a play to acquire ATAC Resources and obtain the Rackla and Connaught projects in Yukon, Canada, with a non-binding 14c per share offer in a C$31 million all-stock deal.

ATAC Resources' Rau target at Rackla in Yukon, Canada

ATAC Resources' Rau target at Rackla in Yukon, Canada

The offer comes over the top of a competing 12c per share, $25 million all-stock offer from Victoria Gold which came a week ago and which ATAC rebuffed as being too low. Victoria said it would not raise...

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