The assets include Coeur’s C-Horst, SNA, Secret Pass and Daisy operations, as well as the decommissioned Sterling mine and all tenements that surround the properties.
The bullion producer has agreed to pay Coeur an extra $50 million if further exploration results in a mineral resource greater than 3.5 million ounces.
The move increases AngloGold’s foothold in the Beatty district, in south-central Nevada, where it bought all projects held by Corvus Gold after the recent $370-million acquisition of the Canadian junior.
“The addition of these properties consolidates our ownership position in one of North America’s most promising new gold districts,” said AngloGold Ashanti chief executive officer Alberto Calderon.
Coeur Mining CEO Mitchell J. Krebs noted in a separate statement that AngloGold had consolidated a significant portion of the Beatty district, becoming “the logical operator of a future standalone mining…
