Metals & Mining M&A » By The Online Investor Staff, updated Sun., Jan. 17, 1:37 AM
Recent mergers and acquisitions in the Metals & Mining M&A category.
| This Slide: #89 of 100 |
Slide #89. Coeur Mining, Inc. — Global Royalty Corp.
Acquirer:
Coeur Mining, Inc. (NYSE:CDE)
Acquiree:
Global Royalty Corp.
Details:
Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE:CDE,TSX,CDM) announced the completion of its acquisition of Global Royalty Corp. ("Global Royalty") pursuant to its previously announced agreement. In connection with today's closing of the transaction, which was implemented through Coeur's recently-formed, wholly-owned subsidiary, Coeur Capital, Inc., approximately 2.1 million shares of Coeur common stock were issued and approximately $0.3 million in cash was paid to Global Royalty shareholders.
Coeur Mining is a gold and silver producer, as well as a zinc and lead producer, with mines located in the U.S., Canada, Mexico, and exploration projects in North America. Co.'s mining operations produce gold and/or silver dore, and gold, zinc and lead concentrate. Co.'s dore, as well as the concentrate product produced by the Wharf mine, is refined into gold and silver bullion and then sells to multi-national banks, bullion trading houses, and refiners across the globe. Co.'s gold concentrate products from the Kensington mine and the zinc and lead concentrates from the Silvertip mine are sold under a variety of agreements with smelters and traders.
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Avg. Broker Rec.
 
|
Hold (2.43 out of 4) 9th percentile
(ranked lower than approx. 91% of all stocks covered)
Analysts' Target Price: CDE Stock Forecast Based on Zacks ABR data; powered by Xignite |
