The deal grants Coeur access to Silvertip mine, high-grade silver-zinc-lead operation located in B.C., Canada.
Coeur Mining Mining News
Coeur Mining (NYSE:CDE), the largest silver producer in the United States, took a non-cash impairment charge of $1.5 billion in the fourth quarter, which the company said reflects the lower pricing environment for silver and gold.
As part of the agreement, Paramount will spin off its non-Mexican assets into a standalone publicly listed company— Paramount Nevada Gold Corp.
Takeover rumours are swirling about a proposed buyout of Paramount Gold (TSX:PZG) by the United States' largest silver producer.
The miner will also take a $770 million non-cash impairment charge.
Coeur, the largest US-based primary silver producer, outbid Blackhawk Resources to acquire Global Royalty for $23.8 million.
One of his favorites is a silver company that doesn't actually produce silver.