Tuesday, 20 January 2015

Junior Gold Mining M&A - Couer buy Wharf Mine from Goldcorp

Late reporting this one from 12th Jan
Couer moved to increase exposure to Gold from Silver announcing the acquisition of the Wharf gold mine in South Dakota from Goldcorp for $105m .
This follows on from their $146m acquisition of Paramount Gold & Silver in Mexico
The strategy of increasing exposure to gold by acquisition from a major follows Silver Standard's acquistion of the Marigold mine in Nevada from Barrick/Goldcorp. Of course Fresnillo has long been both silver and gold producer but recently increased the gold mix with acquisitions from Newmont, and Hecla purchased Aurizon Gold.

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