FNLPF - Coeur Acquires Mining Concessions Near Palmarejo Gold-Silver Complex Mexico | Benzinga
Coeur Mining, Inc. (NYSE: CDE) said its subsidiary, Coeur Mexicana, S.A. de C.V., has signed a purchase agreement with a subsidiary of Mexican metals mining company Fresnillo plc (OTC: FNLPF).
The agreement is to acquire mining concessions adjacent to the Palmarejo gold-silver complex located in the state of Chihuahua, Mexico, for $25 million in cash and a future royalty.
The transaction includes an up-front cash payment to Fresnillo of $10 million payable ...