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Coeur Mining to acquire $117.2m worth stake in Victoria Gold


11 May 2021 (Last Updated May 11th, 2021 14:37)
Coeur Mining has acquired a 17.8% stake in Canada-based Victoria Gold from Orion Co-VI for $117.2m (C$146.1m).
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The precious metals mining firm has offered to acquire the outstanding undiluted common shares of Victoria Gold at a price of $10.92 (C$13.2) per share.
In exchange, Orion Co-VI has received a 4.9% stake in Coeur Mining.
Coeur Mining president and CEO Mitchell Krebs said: “We have long admired the quality of Victoria’s Eagle asset and its recent success in ramping up operations.
“This compelling opportunity to acquire 17.8% ownership interest in Victoria from Orion is consistent with our stated strategy and capital allocation framework and complements our existing portfolio of precious metals assets in high-quality jurisdictions in North America. ....

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Coeur Mining Inc (CDE) Q4 2020 Earnings Call Transcript


Coeur Mining Inc (CDE) Q4 2020 Earnings Call Transcript
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Coeur Mining Inc (NYSE: CDE)
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Operator
Good morning, and welcome to Coeur Mining Fourth Quarter 2020 Financial Results Conference Call. [Operator Instructions]
Now, I d like to turn the call over to Mr. Paul DePartout, Director of Investor Relations. Please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our ....

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Is Mexico's Road To Recovery Paved In Precious Metals?


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Is Mexico’s Road To Recovery Paved In Precious Metals?
By Oxford Business Group - Feb 13, 2021, 10:00 AM CST
Updated: Feb 13, 2021, 10:00 AM CST
Mining was heavily disrupted last year as a result of Covid-19, with most mines and projects suspended for a number of months, before resuming activity under strict health guidelines.
As a result, overall investment took a significant hit in 2020. According to estimates from the Mining Chamber of Mexico (Cámara Minera de México, Camimex), sector-wide investment fell by around 50% relative to pre-virus estimates, dropping from $5bn to $2.5bn.
However, the industry is set for a rebound this year, with a number of companies announcing increased investment in projects across the country. ....

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4 Top Silver Stocks To Watch Right Now


Are These The Best Silver Stocks To Buy Now?
Silver stocks climbed early on Monday. This came after a surge in retail trading pushed the price of silver to an eight-year high. As the war between Reddit board traders and hedge funds continues, it seems to me that a “silver squeeze” could be imminent. Popular subreddit r/WallStreetBets (WSB) could be hinting to bank on silver stocks, which sent prices of the semi-precious metal sharply higher late last week. In detail, one Reddit poster mentioned that the silver bullion market could also be one of the most manipulated on Earth. The user also encouraged many other retail investors to trigger a short squeeze in silver paper shorts. ....

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