Coeur Completes Acquisition of Global Royalty Corp.
December 13 2013 - 4:05PM
Business Wire
Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE, TSX:
CDM) announced the completion of its acquisition of Global Royalty
Corp. (“Global Royalty“) pursuant to its previously announced
agreement. In connection with today’s closing of the transaction,
which was implemented through Coeur’s recently-formed, wholly-owned
subsidiary, Coeur Capital, Inc., approximately 2.1 million shares
of Coeur common stock were issued and approximately $0.3 million in
cash was paid to Global Royalty shareholders.
Goodmans LLP served as legal advisor to Coeur in this
transaction. Raymond James Ltd. served as financial advisor and
Farris, Vaughan, Wills and Murphy LLP served as legal advisor to
Global Royalty.
About Coeur
Coeur Mining, Inc. is the largest U.S.-based primary silver
producer and a significant gold producer. The Company has four
precious metals mines in the Americas generating strong production,
sales and cash flow. Coeur produces from its wholly owned
operations: the Palmarejo silver-gold mine in Mexico, the San
Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in
Nevada and the Kensington gold mine in Alaska. The Company also has
a non-operating interest in the Endeavor mine in Australia in
addition to net smelter royalties on the Cerro Bayo mine in Chile,
the El Gallo complex in Mexico, and the Zaruma mine in Ecuador. In
addition, the Company has two silver-gold feasibility stage
projects – the La Preciosa project in Mexico and the Joaquin
project in Argentina. The Company also conducts ongoing exploration
activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The
Company owns strategic investment positions in eight silver and
gold development companies with projects in North and South
America.
Coeur Mining, Inc.Bridget Freas, 312-489-5819Director, Investor
RelationsorDonna Mirandola, 312-489-5842Director, Corporate
Communicationswww.coeur.com
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