Coeur to acquire 17.8% stake in Victoria Gold from Orion for $117m.

Coeur, a metals producer focused on mining precious minerals, agreed to acquire 17.8% stake in Victoria Gold, a company engaged in the acquisition, evaluation, and exploration of mineral properties, from Orion, an investment company, for $117m. “We have long admired the quality of Victoria’s Eagle asset and its recent success in ramping up operations. This compelling opportunity to acquire 17.8% ownership interest in Victoria from Orion is consistent with our stated strategy and capital allocation framework, and complements our existing portfolio of precious metals assets in high-quality jurisdictions in North America. We are excited to become a shareholder of Victoria, and believe this transaction represents an attractive investment for our stockholders," Mitchell J. Krebs, Coeur President and CEO.