Streetbeat News

FNLPF

Fresnillo Plc

http://www.fresnilloplc.com/

CEO

Octavio Alvidrez

Industry

Crushed and Broken Limestone Mining and Quarrying

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Coeur Mining, Inc. (NYSE:CDE) has acquired mining concessions near its Palmarejo gold-silver complex in Mexico from a subsidiary of Fresnillo plc (OTC:FNLPF) for $25 million in cash and future royalties. The concessions span nearly 7,000 acres and are adjacent to two primary zones within Palmarejo. The transaction is expected to increase Coeur's land holdings by 20% and create a contiguous district of over 70,000 acres. Coeur had $53.22 million in cash and equivalents as of September 30, 2023. CDE shares rose 0.99% to $2.5450.

Portfolio Pulse from Shivani Kumaresan

November 20, 2023 | 3:32 pm

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