Coeur Mining (NYSE: CDE) is acquiring a 17.8% stake in Victoria Gold (TSX: VGCX), which owns and operates the Eagle gold mine in the Yukon, from Orion Mine Finance. 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 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 portfolio of precious metals assets in high-quality jurisdictions in North America. We are excited to become a shareholder of Victoria, and believe this transaction represents an attractive investment for our stockholders.”