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Coeur Acquires Silvertip Mine in British Columbia
Coeur Mining will acquire privately owned JDS Silver Holdings Ltd. and its wholly- owned subsidiary, JDS Silver Inc, which owns the high-grade silver-zinc-lead Silvertip mine located in northern British Columbia, Canada, adding a sixth producing mine to Coeur's North American-focused platform. Under the terms of the agreement, Coeur will pay an initial consideration of $200 million, consisting of $146.5 million in cash, $38.5 million of Coeur shares (approximately 4.3 million new shares) and will assume $15 million in existing debt. Additional potential payments of up to $50 million are contingent upon achieving specific future permitting and exploration milestones at Silvertip. The additional production should increase Coeur's overall production to 38 million oz to 41 million oz silver equivalent.
Coeur Acquires Silvertip Mine in British Columbia
Coeur Mining will acquire privately owned JDS Silver Holdings Ltd. and its wholly- owned subsidiary, JDS Silver Inc, which owns the high-grade silver-zinc-lead Silvertip mine located in northern British Columbia, Canada, adding a sixth producing mine to Coeur's North American-focused platform. Under the terms of the agreement, Coeur will pay an initial consideration of $200 million, consisting of $146.5 million in cash, $38.5 million of Coeur shares (approximately 4.3 million new shares) and will assume $15 million in existing debt. Additional potential payments of up to $50 million are contingent upon achieving specific future permitting and exploration milestones at Silvertip. The additional production should increase Coeur's overall production to 38 million oz to 41 million oz silver equivalent.
Coeur Acquires Silvertip Mine in British Columbia
2017
Aufsatz (Zeitschrift)
Englisch
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