Coeur to Acquire Goldcorp’s Wharf Mine

Coeur Mining Inc. (NYSE:CDE) announced plans to buy the Wharf gold mine from Goldcorp Inc. (TSX:G,NYSE:GG) for $105 million in cash. It is located near Lead, South Dakota.

Acquisition highlights include:

• Mine expected to produce 85,000 – 90,000 ounces of gold in 2015 at an all-in sustaining cost of $800 – $875 per gold ounce1
• Expected to increase Company’s 2015 EBITDA by over 30% and boost free cash flow
• Anticipated to reduce Coeur’s consolidated unit costs
• Provides quality, immediate growth from accretive transaction
• Adds stable, established source of production and cash flow to Coeur’s existing portfolio
• Enhances Company’s overall geopolitical risk profile
• Leverages Coeur’s 25 years of open-pit, heap leach experience
• Would represent a 24% increase to Coeur’s total gold reserves2

Click here to read the full Coeur Mining Inc. (NYSE:CDE) press release.