26 LEXPERT
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2018/19
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WWW.LEXPERT.CA
ings could not have gone more smoothly in
Coeur Mining Inc.'s acquisition of the Silvertip
Mine — a high-grade silver-zinc-lead operation in
Northern BC — and private company JDS Silver
Holdings Ltd. e deal that marked the Chicago-
based precious metals producer's physical entry
into Canada was marked by its "simplicity" in
execution. And in these complicated times, that
could bode well for foreign inbound mining.
LEXPERT: Why did Coeur decide to launch op-
erations in Canada for the first time? What is it
about the Silvertip mine that was appealing?
Kari MacKay, Goodmans LLP (for Coeur Mining):
Most senior producers prefer to operate in stable
jurisdictions or where other production risks have
been minimized. However, equally important to
senior producers is their pipeline of continuing
growth. e Silvertip mine is one of those unique
opportunities that check all the boxes for a pro-
ducing company. … Silvertip is a new mine with
one of the highest grade opportunities in the sec-
tor, it has anticipated near-term high margin
cash flows with low costs, is in a stable jurisdic-
ON THE DEAL
"SIMPLICITY"
IN SILVER
PHOTO:
COEUR
MINING
COEUR MINING'S
PHYSICAL ENTRY INTO
CANADA WAS
NEGOTIATED QUICKLY WITH
LIMITED APPROVALS
REQUIRED
INTERVIEW
BY GENA SMITH
FROM THE PAGES OF LEXPERT MAGAZINE
