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Coeur Mining, Inc. Creates Coeur Capital, Inc. And Announces Definitive Agreement To Acquire Global Royalty Corp.

Stocks in this article: CDECDM

Subsequent to September 30, 2013, and up to the date of this news release, Dynasty exported approximately 4,500 ounces of gold and 9,000 ounces of silver with an aggregate approximate value of $6.1 million.

Existing Coeur Royalty and Streaming Interests

Endeavor is an underground lead/zinc/silver mine and associated mill facility operated by a subsidiary of Toho Zinc in Australia and has been in production since 1983. Coeur owns 100% of the silver production and reserves (up to 20 million payable ounces). Endeavor generated $10.4 million of after-tax cash flow 1,4 and produced 665,816 payable ounces of silver in 2012 and is expected to produce 600,000-800,000 payable ounces of silver in 2013 5.

Cerro Bayo is a silver-gold mine operated by Mandalay Resources Corp. in Chile. The mine has a 2% NSR for the life of mine; Coeur received its first royalty payment from this royalty in the third quarter 2013. 2014 production 6 is expected to be 3.0-3.2 million ounces of silver and 23,000-27,000 ounces of gold. 2014 cash costs per silver ounce 1,6 are expected to be $6-$8.

A slide deck and Q&A information sheet to accompany this release are posted at www.coeur.com.

Coeur is being represented by Goodmans LLP in the Global Royalty acquisition.

1.

 

Non-GAAP measure.

2.

Source: Publicly available information published by McEwen Mining Inc. including the technical report dated August 30, 2013 on file at www.sedar.com .

3.

Source: Publicly available information published by Dynasty Metals & Mining Inc. including the technical report dated August 21, 2006 on file at www.sedar.com .

4.

Source: Coeur December 31, 2012 Form 10-K. Calculated as net income plus depreciation, depletion and amortization.

5.

Guidance as published on November 6, 2013 by Coeur.

6.

Guidance as published on November 5, 2013 by Mandalay Resources Corp.

 

About Coeur

Coeur Mining, Inc. is the largest U.S.-based primary silver producer and a significant gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. The Company also has a non-operating interest in the Endeavor mine in Australia in addition to a 2.0% net smelter royalty on the Cerro Bayo silver-gold mine in Chile. In addition, the Company has two silver-gold feasibility stage projects – the La Preciosa project in Mexico and the Joaquin project in Argentina. The Company also conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The Company owns strategic investment positions in eight silver and gold development companies with projects in North and South America.

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