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Local News - Local News - February 28, 2013
Coeur d'Alene Mines to acquire Orko Silver in $350 million transaction
$350 million transaction to buy Orko Silver Corp. expected to close in April

By Treva Lind
Of the Journal of Business

Coeur d'Alene Mines Corp., of Coeur d'Alene, says it has reached a definitive agreement to acquire the assets of Orko Silver Corp., of Vancouver, British Columbia, in a transaction that's valued at about $350 million and expected to close in April.

That transaction amount, in Canadian currency, is about the same in U.S. dollars at current exchange rates.

Orko is developing a large silver deposit, La Preciosa, near the city of Durango, Mexico. La Preciosa and neighbori...


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