Coeur takes 17.8% stake in Victoria Gold
Victoria Gold s Eagle mine in the Yukon. Credit: Victoria Gold.
Coeur Mining (NYSE: CDE) is acquiring a 17.8% stake from Orion Mine Finance in
Victoria Gold (TSX: VGCX), which owns and operates the Eagle gold mine in the Yukon.
The acquisition of 11 million Victoria shares at $13.20 per share represents a 5% discount to the stock’s trailing, 30-day volume-weighted price as of May 7. In return for the Victoria shares, Orion will receive 12.8 million Coeur shares, based on a 30-day volume-weighted price of US$9.17 per share, for a 4.9% stake in the miner.
“We have long admired the quality of Victoria’s Eagle asset and its recent success in ramping up operations,” said Mitchell J. Krebs, Coeur’s president and CEO, in a news release. “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 portfol
Northern Vertex’s Doug Hurst has a knack for developing value from “unloved” projects
Author of the article: Peter Kenter • Postmedia Content Works
Publishing date: May 07, 2021 • 10 hours ago • 4 minute read Northern Vertex’s Moss Mine, a producing open-pit gold-silver operation, has already achieved steady state and is funding the company. SUPPLIED.
Article content
Doug Hurst, the recently minted chairman of Northern Vertex Mining Corp. [TSX.V: NEE; OTC-Nasdaq Intl.: NHVCF] has an uncanny talent for finding unloved, misunderstood and underappreciated mining projects and accelerating their development to achieve their full economic potential.
Currently under his watch in Northern Vertex are two western U.S. assets Moss Mine, Arizona’s largest pure gold and silver mine; and the Hercules Project, an exploration-phase gold and silver project with exciting potential, located in Nevada.
Exploration Commences at Tim Silver Project, Yukon
Vancouver, BC TheNewswire – May 4, 2021 – Alianza Minerals Ltd. is pleased to report that a subsidiary of Coeur Mining, Inc. has commenced an initial exploration program at the Tim Silver Project in southern Yukon, 19 kilometres northeast of Coeur’s Silvertip mine. The current program consists of a SkyTEM airborne geophysical survey and will be followed up by groundwork later this field season. In accordance with … (TheNewswire)
Vancouver, BC TheNewswire – May 4, 2021 – Alianza Minerals Ltd. ( TSXV:ANZ ) ( OTC:TARSF ) (“ Alianza” or the “Company” ) is pleased to report that a subsidiary of Coeur Mining, Inc. (“Coeur”) has commenced an initial exploration program at the Tim Silver Project in southern Yukon, 19 kilometres northeast of Coeur’s Silvertip mine. The current program consists of a SkyTEM airborne geophysical survey and will be followed up by groundwork later this field season. In accordance wit
Silver Spruce engages Eagle Mapping for LiDAR Survey on Diamante Au-Ag Project, Sonora, Mexico
ACCESSWIRE
03 May 2021, 20:55 GMT+10
BEDFORD, NS / ACCESSWIRE / May 3, 2021 / Silver Spruce Resources, Inc. ( Silver Spruce or the Company ) (TSXV:SSE)(FRA:S6Q1) is pleased to advance its spring exploration program on the 1,057-hectare Diamante property ( Diamante or the Property ) and announce an airborne LiDAR survey by Eagle Mapping Ltd. ( Eagle Mapping ) of Port Coquitlam, British Columbia. We are working to fast-track our technical evaluation of Diamante and upgrade our digital database prior to mobilizing the field exploration team and commencing the environmental report required to permit drilling on several highly promising gold-silver and base metal targets, said Greg Davison, Silver Spruce Director and VP Exploration. Taking advantage of a timely scheduling opportunity, the new LiDAR data will provide another value-added 3D element to complement the geological and struc