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Coeur buys 18% stake in Victoria Gold

Coeur Mining has agreed to acquire about 17.8% of Victoria Gold from Orion Mine Finance for C$117.2 million in cash and stock in what could be a warm-up for an eventual takeout.

Paul Harris
Victoria Gold's Eagle operation in Yukon, Canada

Victoria Gold's Eagle operation in Yukon, Canada

The mid-tier gold producer will acquire 11.1 million shares in Victoria at $13.20 per share, a 5% discount to the trailing 30-day volume-weighted price for the period ending May 7. Orion will also receive...

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