M&A Deal Summary

Coeur Mining Acquires JDS Silver

On September 11, 2017, Coeur Mining acquired metals/mining company JDS Silver from Denham Capital for 200M USD

Acquisition Highlights
  • This is Coeur Mining’s 4th transaction in the Metals/Mining sector.
  • This is Coeur Mining’s largest (disclosed) transaction.
  • This is Coeur Mining’s 3rd transaction in Canada.
  • This is Coeur Mining’s 3rd transaction in British Columbia.

M&A Deal Summary

Date 2017-09-11
Target JDS Silver
Sector Metals/Mining
Buyer(s) Coeur Mining
Sellers(s) Denham Capital
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Blake, Cassels & Graydon LLP
Bennett Jones LLP (Legal)

Target

JDS Silver

Vancouver, British Columbia, Canada
website
JDS Silver, Inc. is a high-grade silver-lead-zinc mine whose 30 percent zinc equivalent grade makes it one of the world’s highest grade zinc deposits. Company owns the high-grade silver-zinc-lead Silvertip mine (“Silvertip”) located in northern British Columbia, Canada, adding a sixth producing mine to Coeur’s North American-focused platform

Search 193,448 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Coeur Mining

Chicago, Illinois, United States

website


Category Company
Founded 1928
Sector Metals/Mining
Employees2,107
Revenue 786M USD (2022)
DESCRIPTION

Coeur Mining is a silver and a gold producer with five precious metals mines in the Americas. Coeur Mining was founded in 1928 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 6
Sector (Metals/Mining) 4 of 6
Type (Add-on Acquisition) 3 of 4
State (British Columbia) 3 of 4
Country (Canada) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Coeur Mining - Joaquin Project

Argentina

Coeur Mining, Inc. - Joaquin Project is well-suited for our Manantial Espejo operation in Santa Cruz. The project is located approximately 145 kilometres from our mine, well within trucking distance, and our plant will have available capacity when open-pit mining is completed, which is expected to be in early 2017.

Sell $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Northern Empire Resources

Vancouver, British Columbia, Canada

Northern Empire Resources Corp. is expanding and discovering heap leach gold deposits in Nevada. Northern Empire presently has initial resource statements on four potentially heap-leachable deposits, three of which are past producing, at the 100%-owned Sterling Gold Project. Northern Empire Resources is based in Vancouver, British Columbia.

Buy $90M

Seller(S) 1

SELLER

Denham Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Denham Capital Management is a specialist private investment firm focused on the energy and commodities sectors. Denham looks to invest in businesses and assets involving natural resources, metals and mining, power and utilities, and energy-related infrastructure and services. Denham will consider investments worldwide, with current projects in the US, Canada, South America, Europe, and Asia. Denham will also consider both development projects as well as mature, operating businesses. The Firm's target investment size is $50 to $200 million. Denham Capital Management was founded in 2004 and has offices in Boston, Houston, London, and Pert.


DEAL STATS #
Overall 17 of 21
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 9 of 11
State (British Columbia) 1 of 1
Country (Canada) 3 of 3
Year (2017) 2 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 MS Directional

Conroe, Texas, United States

MS Directional is a provider of directional drilling services in the United States. With operations in most major producing onshore oil and gas basins in the United States, MS Energy provides a comprehensive suite of directional drilling services including directional drilling, downhole performance motors, directional surveying, measurement while drilling ("MWD"), and wireline steering tools. MS Directional was founded in 1980 and is based in Conroe, Texas.

Sell $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-22 Live Oak Resource Partners

Houston, Texas, United States

Live Oak Resource Partners is a privately-held firm that engaged, through subsidiaries and partnerships, in the acquisition of oil and natural gas royalty and mineral interests. Live Oak Resource Partners was founded in 2017 and is based in Houston, Texas.

Buy -