Announced
Financials
Tags
Infrastructure
precious metals
Majority
mining company
Pending
Platinum and Precious Metals
Acquisition
Cross Border
Friendly
Private
Single Bidder
United States
Synopsis
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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