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New Deal


Announced

AngloGold Ashanti to acquire the Crown and Sterling holdings of Coeur Mining for $200m.

Financials

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Transaction Value£175m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Infrastructure

precious metals

Majority

mining company

Pending

Platinum and Precious Metals

Acquisition

Cross Border

Friendly

Private

Single Bidder

United States

Synopsis

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AngloGold Ashanti, a global gold mining company, agreed to acquire the Crown and Sterling holdings of Coeur Mining, a precious metals mining company listed on the New York Stock exchange, for $200m. "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. The consideration represents a significant gain on our original investment," Mitchell J. Krebs, President and CEO.

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