Torex Gold to acquire Prime Mining for $327m.

Torex Gold, a Canadian-based mining company, agreed to acquire Prime Mining, a company specializes in the exploration and development of precious metals, with a focus on gold and silver, for $327m. “The Los Reyes Project represents a unique opportunity for the Torex team to develop a high-quality asset with the potential for a high margin, low capital, and long-life operation in a jurisdiction that we know very well. The acquisition of Prime Mining, and the previously announced all-cash acquisition of Reyna Silver, support our strategy to systematically build a diversified, Americas-focused precious metals producer with a portfolio of producing, development, and exploration stage assets," Jody Kuzenko, Torex President and CEO.