Stake increased US miner Coeur Mining has signed a deal to ac-quire all of the issued and outstanding shares in Northern Empire, whose principal asset is the Sterling gold project in Nevada, for about $90 million.
"The acquisition of Northern Empire, with its high-grade Sterling Gold Project and large, prospective land package, comes at an opportune time for us to bolster our pipeline with high-quality projects," Mitchell Krebs, the president and chief executive of Coeur Mining, said in a statement.
Coeur Mining says it is a precious metals producer with five mines located in North America. These include the Palmarejo silver-gold complex in Mexico, the Silvertip silver-zinc-lead mine in British Co-lumbia, the Rochester silver-gold mine in Nevada, Alaska’s Kensing-ton gold mine, as well as the Wharf gold mine in South Dakota, ac-cording to data from the miner.