The precious metals mining firm has offered to acquire the outstanding undiluted common shares of Victoria Gold at a price of $10.92 (C$13.2) per share.

In exchange, Orion Co-VI has received a 4.9% stake in Coeur Mining.

Coeur Mining president and CEO Mitchell Krebs said: “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.”

Victoria Gold owns the operational Eagle Gold Mine in Yukon, Canada.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The project involves a three-stage crushing plant, in-valley heap leach and carbon-in-leach adsorption-desorption gold recovery plant.

Concurrently, Coeur has signed an agreement with Orion Co-VI whereby Coeur will acquire at least 50% shares and up to all of Victoria’s properties and assets.

Orion Co-VI currently owns a stake of 36.24% in Victoria Gold.

Coeur Mining currently owns five fully owned operations. The assets in the US include the Kensington gold mine in Alaska, the Rochester silver-gold mine in Nevada, and the Wharf gold mine in South Dakota.

The other two assets are the Palmarejo gold-silver complex in Mexico and the Silvertip silver-zinc-lead mine in British Columbia, Canada.