Coeur Acquisition of Wharf Gold Mine
Coeur Mining, Inc, a precious metals mining company listed on the Toronto and New York Stock exchanges, has acquired the Wharf gold mine located in Lead, South Dakota.
The acquisition involved entering into a definitive agreement with a subsidiary of Goldcorp Inc. to acquire 100% of the mine.
Although financing is not a condition to closing, Coeur has received term sheets for a senior secured line of credit for up to half of the purchase price in order to maintain the Company’s liquidity and financial flexibility.
The transaction is subject to United States an-trust approval and other customary closing conditions.
For more information on Coeur Mining, please visit www.coeur.com.