M&A Deal Summary

Pan American Silver Acquires Coeur Mining - Joaquin Project

On January 17, 2017, Pan American Silver acquired metals/mining company Coeur Mining - Joaquin Project from Coeur Mining for 15M USD

Acquisition Highlights
  • This is Pan American Silver’s 1st transaction in the Metals/Mining sector.
  • This is Pan American Silver’s 2nd largest (disclosed) transaction.
  • This is Pan American Silver’s 1st transaction in Argentina.

M&A Deal Summary
Date 2017-01-17
Target Coeur Mining - Joaquin Project
Sector Metals/Mining
Buyer(s) Pan American Silver
Sellers(s) Coeur Mining
Deal Type Divestiture
Deal Value 15M USD

Target

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.

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Buyer(S) 1

Buyer

Pan American Silver

Vancouver, British Columbia, Canada

website

Category Company
Founded 1979
Sector Metals/Mining
Employees6,200
Revenue 1.5B USD (2022)
DESCRIPTION

Pan American Silver is a provider of primary silver producers in the world. Pan American owns and operates seven mines located in Mexico, Peru, Argentina and Bolivia. Pan American Silver was founded in 1979 and is based in Vancouver, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 Tahoe Resources

Reno, Nevada, United States

Tahoe Resources, Inc. is an operator of precious metals mines, to pay significant shareholder dividends and to grow by developing long-term, low-cost assets in the Americas. Tahoe Resources is based in Reno, Nevada.

Buy $275M

Seller(S) 1

SELLER

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 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-17 Paramount Gold and Silver

Vancouver, British Columbia, Canada

Paramount Gold and Silver Corp. is a exploration and development company with multi-million ounce advanced stage precious metals projects in northern Mexico (San Miguel) and Nevada (Sleeper).

Buy $146M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 JDS Silver

Vancouver, British Columbia, Canada

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

Buy $200M
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