Loading ...Coeur Mining, Inc. (“Coeur”) (NYSE: CDE) and Northern Empire Resources Corp. (“Northern Empire”) (TSXV: NM) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Coeur has agreed to acquire, by way of a plan of arrangement (the “Arrangement”), all of the issued and outstanding securities of Northern Empire not currently owned by Coeur.
Northern Empire’s principal asset is the Sterling Gold Project located in Nevada, which consists of four high-grade heap-leachable deposits with a total inferred gold resource of approximately 709,000 ounces averaging 2.23 g/t located on a dominant 143 km2 land package approximately 185 km from Las Vegas within the historic Walker Lane trend. The high-grade Sterling gold deposit is a fully-permitted, past-producing mine with near-term, low-cost, low-capital production potential. The remaining deposits are collectively known as the Crown Block, which contain significant exploration potential, and the land package also includes 17 new targets that remain untested.
cont. https://ceo.ca/@businesswire/coeur-mining-to-acquire-northern-empire-resources