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

North of 60 Mining News - Mining Business directory

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...



For access to this article please sign in or subscribe.






 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018