Coeur Mining closes southern Nevada asset sale to AngloGold, stock up. miningnews
Shares of Coeur Mining shot up 8.4% following the Nevada asset sale, giving US-based precious metals miner a market value of C$1.1 billion .
“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 Coeur’s president and CEO Mitchell Krebs at the time.
On AngloGold’s side, this move increases its foothold in Nevada’s Beatty district, where it earlier bought all projects held by Corvus Gold after the $370 million acquisition of the Canadian junior. “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,” Krebs noted.
Prior to this acquisition and pending permits and studies already underway, AngloGold had anticipated first production in the Beatty district by 2025, and said those assets would produce about 300,000 oz. of gold annually, with an all-in sustaining cost of less than $1,000 per oz., by the end of the decade.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Foundry Academy Launches Training Program to Produce Top Technicians for BTC Mining Industry – Mining Bitcoin NewsThe three-day training program seeks to produce top technicians for what has been described as 'the fast-growing mining industry.' bitcoinmining asics
Lire la suite »
Nevada ACLU requests probe into alleged partisan hand-countRENO, Nev. (AP) — The American Civil Liberties Union of Nevada asked the state’s secretary of state Wednesday to investigate what it called a “coordinated partisan election administration effort” during rural Nye County’s hand-count of mail-in ballots that was shut down last week until after polls close.
Lire la suite »
Nevada ACLU requests probe into alleged partisan hand-countThe American Civil Liberties Union of Nevada asked the state’s secretary of state Wednesday to investigate what it called a “coordinated partisan election administration effort” during rural Nye County’s hand-count of mail-in ballots that was shut down last week until after polls close. The ACLU said a hand-count volunteer openly carrying a firearm removed an ACLU observer from a hand-count tally room, which the organization said it recently discovered was Nye County GOP Central Committee Vice Chair Laura Larsen.
Lire la suite »
Nevada business owner offers San Francisco alternative to planned $1.7 million toiletA Nevada businessman offered to donate a building for a public toilet in San Francisco rather than have the city build one for $1.7 million.
Lire la suite »
PolitiFact - Nevada Senate GOP candidate Adam Laxalt falsely claims Biden has ‘dismantled border security’Customs and Border Protection funding and staffing under Biden and Trump are comparable. Border laws and policies to prevent immigrants from remaining in the U.S. also continue under Biden.
Lire la suite »