Coeur Announces Acquisition of the Silvertip Mine in British Columbia
Coeur Mining, (Coeur or the Company) (NYSE: CDE) is pleased to announce that it has entered into a definitive agreement (the Arrangement Agreement) to acquire privately-owned JDS Silver Holdings, Ltd. and its wholly-owned subsidiary, JDS Silver (JDS Silver), which owns the high-grade silver-zinc-lead Silvertip mine (Silvertip) located in northern British Columbia, Canada, adding a sixth producing mine to Coeur's North American-focused platform. Under the Arrangement Agreement, the Company will pay initial consideration of US$200 million, consisting of US$146.5 million of cash, US$38.5 million of Coeur shares (approximately 4.3 million new shares), and will assume US$15 million in existing debt. Additional [...]