U.S.-based Coeur Mining has entered into a definitive agreement to acquire North American peer SilverCrest Metals, adding the Las Chispas underground mine in Sonora, Mexico, to its portfolio. Under the terms of the agreement, a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of SilverCrest pursuant to a court-approved plan of arrangement. The transaction is…
Read MoreTag: Coeur Mining
Expanded Coeur mine hits production milestone
Coeur Mining said its newly expanded Rochester silver-gold mine in Nevada achieved commercial production as of March 31. It is expected to become America’s largest source of domestically produced and refined silver.
Read MoreBQE Water completes Selen-IX pilot
BQE Water has reported the successful completion of on-site pilot demonstration of its patented Selen-IX process at Coeur Mining’s Wharf open-pit mine in the northern Black Hills of South Dakota. The project is now fast-tracked for full-scale implementation later this year. The pilot phase of the project involved a rapid deployment, start-up, and continuous operation of BQE’s mobile Selen-IX unit…
Read MoreCoeur to acquire concessions near Palmarejo mine
Coeur Mining subsidiary Coeur Mexicana has signed a purchase agreement with a subsidiary of Fresnillo to acquire mining concessions adjacent to the Palmarejo gold-silver complex in the state of Chihuahua, Mexico, for US$25 million in cash. “This transaction fills in two key strategic gaps in the large land package east of the Palmarejo mine, which unlocks significant potential in areas…
Read MoreCoeur unloads Crown and Sterling assets
The transaction to sell U.S.-based Coeur Mining’s Crown and Sterling holdings in Nevada to a subsidiary of AngloGold Ashanti has closed. Under the terms of the previously announced deal, Coeur received cash consideration of $150 million at closing. The precious metals producer will receive an additional deferred cash consideration of $50 million upon Crown Sterling attaining a total resource of…
Read MoreCoeur Mining divests Nevada assets
Coeur Mining has entered into a definitive agreement with a subsidiary of AngloGold Ashanti to sell its Crown and Sterling properties in Nevada for a cash consideration of $150 million.
Read MoreCoeur taps Hull for board
Coeur Mining announced the appointment of Jeane Hull to the company’s board of directors and its audit, compensation and leadership development and environmental, health, safety and corporate responsibility committees effective July 19. Hull has over 35 years of mining operational leadership and engineering experience, most notably holding the positions of chief operating officer for Rio Tinto at the Kennecott Utah…
Read MoreWomen in Mining holds national conference
The annual national conference of Women in Mining USA was held Oct. 21-23 in Salt Lake City, Utah, after a lengthy wait thanks to the pandemic. The event was themed “Changing the Face of Mining” and convened at the Salt Lake City Marriott University Park. Day 1 was conference-style and offered a number of panels, speakers and roundtable discussions. A…
Read More