North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Coeur moves into BC

Closes acquisition of high-grade Silvertip; company's first Canadian mine


Last updated 1/13/2018 at 1:51pm

Coeur Mining Inc.

Once in full production, Coeur expects Silvertip to produce about 10 million silver-equivalent-ounces per year.

Coeur Mining Inc. is now officially the owner of Silvertip, a high-grade silver mine about 10 miles south of the Yukon border in northern British Columbia.

In a deal that closed on Oct. 17, the Chicago-based miner paid US$200 million to acquire Silvertip and has agreed to pay up to another US$50 million more if certain permitting and resource expansion milestones are met.

For this investment, C...

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