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.
Coeur Mining Mining News
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.