Coeur Announces Exchange Offer Extension
CHICAGO--(BUSINESS WIRE)--Oct. 30, 2013-- Coeur Mining, Inc. (the "Company" or "Coeur") (NYSE: CDE, TSX: CDM) today announced that it will extend its offer to exchange (the "Exchange Offer") up to $300,000,000 aggregate principal amount of its outstanding 7.875% Senior Notes due 2021 (the "Outstanding Notes") for a like principal amount of its new 7.875% Senior Notes due 2021 (the "Exchange Notes"). All other terms of the Exchange Offer, as described in the prospectus dated September 30, 2013, remain unchanged.
The Exchange Offer was scheduled to expire at 5:00 p.m. Eastern time on October 29, 2013. As of this date, tenders of $298,445,000, or 99.5%, of the Outstanding Notes have been received. The Exchange Offer will now expire at 5:00 p.m. Eastern time on October 30, 2013 unless further extended by Coeur.
Coeur Mining, Inc. is the largest U.S.-based primary silver producer and a growing gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. The Company also has a non-operating interest in the Endeavor mine in Australia. In addition, the Company has two silver-gold feasibility stage projects - the La Preciosa project in Mexico and the Joaquin project in Argentina. The Company also conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The Company owns strategic investment positions in eight silver and gold development companies with projects in North and South America.
Posted: October 30, 2013