Assuming utilization of the excess processing facility capacity, Coeur
anticipates that the combined Don Ese and Guadalupe deposits could produce an average of about 6 million oz/y of silver and 110,000 oz/y of gold over the next eight years.
said it anticipates closing the transaction in 2Q15.
Hohbach will present a paper co-authored by his Coeur
colleagues Sadae Lortz and Carlo Nasi, titled Major Silver Districts of the Western United States: Their importance relative to past and current North American Production.
First Majestic is considering its position with respect to the Coeur
Proposal and its matching right and will keep the market apprised of further developments.
When the EPA proposed declaring the lake a Superfund site, fierce objections arose from business leaders in the lakeside resort town of Coeur
d'Alene (population 30,000).
Through the acquisition, which was approved by Coeur
's board, the buyer will add Orko's key asset, the La Preciosa silver project in Mexico, and thus diversify its asset and geographic portfolio and provide enhanced value for its shareholders, Coeur
0815 common shares of Coeur
Shares") and C$0.
has the financial and operational resources necessary to realize the true value of La Preciosa and we look forward to working with them to complete the transaction as expeditiously as possible.
The city of Coeur
d'Alene has been Coeur
's home since 1985.
Based on the closing share prices of Coeur
, Orko and First Majestic as of February 15, 2013, Coeur
's Proposal represents a premium of approximately 59% to the Orko share price on December 14, 2012, the last trading day prior to the announcement of Orko's agreement with First Majestic, and a premium of approximately 20% to the current implied value of the all-stock consideration offered pursuant to the First Majestic arrangement agreement.
d'Alene Mines is acquiring Mirasol Resources' 49% interest in the Joaquin silver-gold project in Santa Cruz province, Argentina.
D'ALENE, Idaho -- Coeur
d'Alene Mines Corporation (the "Company" or "Coeur
") (NYSE: CDE) (TSX: CDM) 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.
Beginning in five years, Coeur
will make conditional payments of 2% of net smelter returns on silver if the price of silver exceeds $6.
D'ALENE, Idaho -- Coeur
d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) announcedtoday that Andrew Lundquist has resigned his position on the Company's Board of Directors.
d'Alene Mines has acquired most of Asarco's silver properties and assets in exchange for 7.