Coeur d'Alene Mines Corp, the largest U.S.-based silver miner, proposed to purchase Canada's Orko Silver Corp for about C$384 million ($383 million), nearly two months after Orko agreed to be sold to First Majestic Silver Corp.Orko said its board had determined that Coeur's stock and cash offer was superior to First Majestic's offer of cash and shares. The First Majestic offer works out to C$2.72 per share, 2 cents more than Coeur is proposing to pay.However, the cash component of Coeur's offer is 70 Canadian cents per share, compared with the C$0.0001 per share offered by First Majestic on Dec. 16.Coeur's offer represents a 26 percent premium to Orko's closing share price of C$2.14 on the Toronto Venture Exchange on Tuesday.
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 3300.
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 5900.
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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