The Silvertip mine and mill in B.C. have been on care and maintenance since 2020. Credit: Coeur Mining
Coeur Mining (NYSE: CDE) is offering approximately 7.7 million flow-through shares to raise C$34 million ($25m) with which to advance exploration at its Silvertip silver-zinc-lead property in British Columbia, 16 km south of the Yukon border.
Coeur acquired the Silvertip mine and mill in 2017 but ceased mining and processing in 2020. During that time, the company spent over C$100 million at the site. The highest-grade drill intercept returned 4.9 metres at 1,261 g/t silver, 22.4% zinc, 22.0% lead, 0.13 g/t gold, 0.2% copper, 70 ppm indium, 60 ppm gallium and 0.08% tin.
