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OFFON

COEUR MINING, INC.

(CDE)
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Coeur Mining : Provides Update on Ownership Position in Metalla

09/25/2019 | 04:31pm EDT

As required by Canadian securities law, Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) is providing an update on its ownership position in Metalla Royalty & Streaming Ltd. (“Metalla”) (TSXV: MTA) (OTCQB: MTAFF). In a series of open market transactions through the Canadian Securities Exchange and private sales (collectively, the “Transactions”), the Company sold 2,811,000 common shares of Metalla at an average price of C$1.09 per share between April 25, 2019 and September 24, 2019 for approximately C$3.1 million. The Transactions represented more than two percent of the issued and outstanding common shares of Metalla, requiring public disclosure in accordance with Canadian securities laws.

As reported in Coeur’s prior early warning report, on July 31, 2017, Coeur acquired 14,546,597 common shares of Metalla as well as a convertible debenture that would automatically convert upon future financings made by Metalla, maintaining the Company’s 19.9% interest in Metalla. Coeur acquired the securities in connection with a transaction to monetize the Company’s non-core royalty and streaming assets. Since that time, Coeur has acquired common shares of Metalla to maintain its proportionate interest. The weighted average price at which Coeur has acquired its stake in Metalla is approximately C$0.64 per share.

Prior to the first transaction on April 25, 2019, Coeur owned 23,776,241 common shares of Metalla, or approximately 19.9% of its issued and outstanding common shares. Following the Transactions, Coeur now owns 20,965,241 common shares of Metalla, or approximately 15.9% of its issued and outstanding common shares. Depending on market and other conditions, Coeur may, from time to time, increase or decrease its ownership, control or direction over the common shares and/or other securities of Metalla.

A copy of Coeur’s early warning report with respect to the sale of the Shares will be publicly available on SEDAR.

For more information about Metalla, please see their website at www.metallaroyalty.com.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, the Company has interests in several precious metals exploration projects throughout North America.


© Business Wire 2019
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Financials (USD)
Sales 2021 856 M - -
Net income 2021 93,5 M - -
Net Debt 2021 436 M - -
P/E ratio 2021 17,1x
Yield 2021 -
Capitalization 1 601 M 1 601 M -
EV / Sales 2021 2,38x
EV / Sales 2022 2,38x
Nbr of Employees 1 959
Free-Float 98,6%
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Mitchell J. Krebs President, Chief Executive Officer & Director
Thomas S. Whelan Chief Financial Officer & Senior Vice President
Robert E. Mellor Independent Non-Executive Chairman
Michael Routledge Chief Operating Officer & Senior Vice President
James Kenneth Thompson Independent Director
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