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Precious Metals M&A image Precious Metals M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:51 AM Recent mergers and acquisitions in the Precious Metals M&A category.

Slide #79. Coeur d'Alene Mines Corporation Orko Silver Corp.

Acquirer: Coeur d'Alene Mines Corporation (CDE)
Acquiree: Orko Silver Corp. (OK.CA)
Details: Coeur d'Alene Mines Corporation (the "Company" or "Coeur") (NYSE:,CDE) (TSX:CDM.CA) today confirmed that it has submitted a binding proposal ("Coeur's Proposal") to acquire all of the issued and outstanding common shares of Orko Silver Corp. ("Orko") (TSX Venture:OK.CA) in a transaction with a total value of approximately CAD$384 million. Orko today announced that its Board of Directors has unanimously determined, after receiving the advice of its financial and legal advisors, that Coeur's Proposal constitutes a "Superior Proposal" pursuant to its arrangement agreement with First Majestic Silver Corporation ("First Majestic") (FR.TO) (AG) (FMV.F). Orko has provided notice of such determination to First Majestic. Orko also announced that under the arrangement agreement, First Majestic now has five business days, expiring at 11:59 p.m. PST on Tuesday, February 19, 2013, to offer to amend the terms of that agreement to match Coeur's Proposal, failing which Orko will terminate the arrangement agreement with First Majestic and enter into a definitive agreement with Coeur reflecting Coeur's Proposal.

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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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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Company Name: 
Coeur Mining Inc
Website: 
www.coeur.com
Sector: 
Precious Metals
Number of ETFs Holding CDE: 
37
Total Market Value Held by ETFs: 
$597.01M
Total Market Capitalization: 
$2.27B
% of Market Cap. Held by ETFs: 
26.24%
Company Name: 
Norra Metal Corp
Website: 
www.goldjubilee.ca
Sector: 
Metals & Mining
 

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