Coeur announces agreement to sell Southern Nevada holdings
Published by Joe Toft,
Editorial Assistant
Global Mining Review,
The Crown Sterling holdings comprise approximately 35 500 net acres, and are located adjacent to AngloGold’s existing gold projects in Beatty County, Nevada. Subject to customary closing conditions, the transaction is expected to be completed in 4Q22.
“The divestiture of Crown Sterling unlocks significant value for Coeur stockholders and demonstrates our ongoing commitment to allocating capital into our existing portfolio of near-term core growth projects, highlighted by the Rochester expansion in Northern Nevada,” said Mitchell J. Krebs, President and Chief Executive Officer. “The consideration represents a significant gain on our original investment.
“Following its recent acquisition of Corvus Gold, AngloGold has consolidated a significant portion of the Beatty district and is the logical operator of a future standalone mining operation in the Beatty district. We look forward to sharing in AngloGold’s future exploration success in this prospective district.”
Read the article online at: https://www.globalminingreview.com/mining/21092022/coeur-announces-agreement-to-sell-southern-nevada-holdings/
You might also like
How 5G is powering the next era of ‘smarter’ mining
Kirstin Sym-Smith, Head of Business Development, Ericsson Enterprise 5G – Mining, explores how private 5G networks can be the answer to the challenges of realising ‘smart mines’.
