Denham Capital Announces Agreement to Sell JDS Silver’s Silvertip Mine to Coeur Mining

Denham Capital, a leading resources and energy-focused global private equity firm, today announced the signing of a definitive agreement by JDS Silver Holdings and its wholly-owned subsidiary, JDS Silver with Coeur Mining, to sell 100 percent of the shares of JDS Silver, which include the high-grade silver-zinc-lead Silvertip mine located in northern British Columbia, Canada, for consideration of up to US $250 million.

Jeff Stibbard, JDS Silver CEO, stated:

“Denham’s flexible approach, which included the use of both debt and equity to fund development capital, and strategic guidance combined with our development and operational capabilities enabled us to expedite the construction and development of the Silvertip Mine into production. We are very proud of our partnership and what we accomplished together.”

“We are delighted at the outcome of this investment in the Canadian mining sector and have greatly enjoyed the experience of working with Jeff and his team,” added Caroline Donally, Denham Capital Director. “Our partnership with JDS Silver once again illustrates our management team driven investment approach, and we look forward to replicating this successful approach again in Canada.”

About the Silvertip Mine

Located within the Silvertip Creek valley, Silvertip is a high-grade silver-lead-zinc mine. JDS Silver began construction in December 2015 and began production in October 2016.

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