The miner maintains production guidance for 2019.
Coeur Mining Mining News
No other province or territory has had two new precious metal mines reach commercial production less than 15 months apart.
The company has found that the project’s mineralized zone thickens and grades increase north of the main resource.
Maverix Metals expects to exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.
The deal grants Coeur access to Silvertip mine, high-grade silver-zinc-lead operation located in B.C., Canada.
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.