By Shane Lasley
Mining News
Coeur moves into BC
Closes acquisition of high-grade Silvertip; company's first Canadian mine
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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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