Every time you buy a smartphone or a tablet, you’re buying a little piece of silver inside. The expected global appetite for more and more silver-containing technology has spurred a corporate clash over mines in a remote corner of north Idaho.
If you meet a miner in Idaho’s Silver Valley, chances are, he either works for the Hecla Mining Company or U.S. Silver Corp. But last week, Hecla moved to effectively make the companies one and the same.
In an unsolicited bid, Coeur d’Alene-based Hecla offered to buy out shares of its Toronto-based competitor at $1.80 Canadian.