McEwen Mining Acquires Timberline To 'Unlock Synergies' In Nevada Gold Operations
McEwen Mining Acquires Timberline To 'Unlock Synergies' In Nevada Gold Operations
McEwen Mining (NYSE:MUX), a Nevada-based gold and silver producer, has announced an acquisition of a junior gold miner, Timberline Resources (OTCQB:TLRS). This move comes amid a surge in mergers and acquisitions within the gold sector, driven by increased gold prices and companies seeking synergies to enhance their operations.
總部位於內華達州的黃金和白銀生產商麥克尤恩礦業（紐約證券交易所代碼：MUX）宣佈收購初級黃金礦商Timberline Resources（OTCQB: TLRS）。此舉是在黃金行業內部的併購激增之際採取的，受金價上漲以及各公司尋求協同效應以加強運營的推動。
"The merger with McEwen Mining, at an attractive premium to Timberline's current trading price, provides our shareholders with continued exposure to Timberline's assets as part of a more diverse growth-oriented platform. The combination should also unlock synergies between the Gold Bar mine and our Eureka project," stated Timberline's President and CEO, Patrick Highsmith.
“與麥克尤恩礦業的合併，比Timberline當前的交易價格高出誘人，這爲我們的股東提供了持續的Timberline資產敞口，這是更加多元化的增長導向平台的一部分。這種合併將釋放金條礦和我們的尤里卡項目之間的協同效應。” Timberline總裁兼首席執行官帕特里克·海史密斯表示。
Also read: Barrick Misses Preliminary Gold Production Estimate, Management Unfazed By Risks In Key African Country
另請閱讀：巴里克未達到初步的黃金產量估計，管理層對主要非洲國家的風險毫不動搖
Under the terms of the agreement, Timberline shareholders will receive 0.01 of a share of McEwen's common stock for each share of Timberline's stock. This exchange ratio represents a value of $0.102 per Timberline share, reflecting a 132% premium over Timberline's 20-day volume-weighted average price on the over-the-counter OTCQB exchange.
根據協議條款，Timberline的股東每股股票將獲得McEwen普通股的0.01股。該交易所比率表示每股Timberline的價值爲0.102美元，比Timberline在場外場外交易所的20天成交量加權平均價格高出132％。
Upon closing, McEwen expects to issue approximately 1.84 million shares, with a total transaction value of $18.8 million. The merger has received the endorsement of Timberline's board of directors and support from directors, officers, and principal shareholders, representing approximately 40% of Timberline's outstanding shares.
收盤後，麥克尤恩預計將發行約184萬股股票，總交易額爲1,880萬美元。此次合併獲得了Timberline董事會的認可以及董事、高級管理人員和主要股東的支持，約佔Timberline已發行股份的40％。
McEwen Mining is a well-established gold, silver, and copper producer, operating mines in Nevada, Canada, Mexico, and Argentina. Timberline, on the other hand, is a young exploration company. Its flagship asset is the Lookout Mountain Project, situated within Nevada's prolific Battle Mountain-Eureka Trend. The project boasts a high-grade gold zone embedded within a substantial resource base, making it a highly prospective asset.
McEwen Mining是一家知名的黃金、白銀和銅生產商，在內華達州、加拿大、墨西哥和阿根廷經營礦山。另一方面，Timberline是一家年輕的勘探公司。它的旗艦資產是Lookout Mountain項目，位於內華達州多產的戰山-尤里卡趨勢內。該項目擁有嵌入大量資源基礎的高品位金礦區，使其成爲極具前景的資產。
This merger will benefit both companies as Timberline becomes part of a larger, established company. At the same time, McEwan will expand its presence in a lucrative market in northern Nevada, which Barrick's CEO Mark Bristow recently characterized as "far from a mature district."
隨着Timberline成爲一家規模更大、更成熟的公司的一部分，此次合併將使兩家公司受益。同時，McEwan將擴大其在內華達州北部一個利潤豐厚的市場的影響力，巴里克首席執行官馬克·布里斯托最近將其描述爲 “遠非成熟地區”。
The transaction is expected to close in the third quarter of 2024, pending approval from a majority of Timberline shareholders and other customary closing conditions. Cormark Securities is Timberline's financial advisor, while Davis Graham & Stubbs is its legal advisor.
該交易預計將於2024年第三季度完成，尚待Timberline大多數股東的批准以及其他慣例成交條件。Cormark Securities是Timberline的財務顧問，而戴維斯·格雷厄姆和斯塔布斯是其法律顧問。
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to licensing@benzinga.com to get started!
本辛加礦業是礦業公司和散戶投資者之間的橋樑。聯繫 licensing@benzinga.com 開始吧！
Also read: Gold Road Considers Major Stake In Greenstone; Investors Wary Of Potential High Costs
另請閱讀：Gold Road考慮持有Greenstone的主要股份；投資者對潛在的高成本持謹慎態度
Photo: Shutterstock
照片：Shutterstock
譯文內容由第三人軟體翻譯。