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Wednesday, February 13, 2013

Coeur d'Alene Mines makes C$384 million rival bid for Orko Silver, (NYSE: AG), (NYSE: CDE), (TSE: CDM.TO), (TSE: FR.TO), (CVE: OK.V)

Coeur d'Alene Mines Corp said it proposed to purchase Orko Silver Corp for about C$384 million ($383 million), nearly two months after First Majestic Silver Corp made an offer for the company. Orko said its board determined that Coeur's offer was a "superior proposal" to that of First Majestic.

First Majestic Silver Corp. (First Majestic), is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. Shares of AG remained unchanged at $17.91. In the past year, the shares have traded as low as $12.12 and as high as $24.20. On average, 815506 shares of AG exchange hands on a given day and today's volume is recorded at 0.

Coeur d?Alene Mines Corporation (Coeur) is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia. Shares of CDE remained unchanged at $23.49. In the past year, the shares have traded as low as $15.15 and as high as $31.97. On average, 1302770 shares of CDE exchange hands on a given day and today's volume is recorded at 100.

Coeur d?Alene Mines Corporation (Coeur) is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia. Shares of CDM traded higher by 1.38% or $0.32/share to $23.55. In the past year, the shares have traded as low as $15.52 and as high as $31.82. On average, 12989 shares of CDM.TO exchange hands on a given day and today's volume is recorded at 4350.

First Majestic Silver Corp. (First Majestic), is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. Shares of FR fell by 1.8% or $-0.33/share to $17.99. In the past year, the shares have traded as low as $12.26 and as high as $24.18. On average, 457924 shares of FR.TO exchange hands on a given day and today's volume is recorded at 428357.

Orko Silver Corp. is an exploration-stage company. Shares of OK fell by 3.17% or $-0.07/share to $2.14. In the past year, the shares have traded as low as $1.02 and as high as $2.64. On average, 802451 shares of OK.V exchange hands on a given day and today's volume is recorded at 540233.



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