Coeur Mining Stock Falls With Silver, Still Acquiring Paramount G&S

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Silver

Shares of precious metals miner Coeur Mining fell 5.49% to $4.99 in morning trading Monday as gold and silver prices slumped.

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Gold futures were down 1.21% to $1,180.80 an ounce on the Comex, while silver was down 2.15% to $15.80 an ounce, according to CNBC. Coeur announced earlier this month that it would acquire Paramount Gold & Silver in an all-stock transaction valued at approximately $146 million.

Closing at $16.15 per ounce on the Friday, December 26, US silver rose 2.3% to finish as the day’s biggest mover. Indian silver gained 1.3% to finish at INR 37,518 ($590.69) per kilogram. Japanese silver finished the day down 0.7% to JPY 606.00 ($5.03) per 10 grams. The price of Chinese silver rose 0.6% to CNY 3,390 ($545.67) per kilogram after a two-day drop.

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After two flat days, the price of US gold bullion inched up 1.6% last Friday to $1,196. The price of Chinese gold bullion moved up 0.5%, landing at CNY 237.39 ($38.21) per gram. The price of Japanese gold bullion declined 0.2% to JPY 4,547 ($37.78) per gram. Indian gold bullion ended the day at INR 27,054 ($425.94) per 10 grams, after the 0.2% drop last Friday.

At $1,213, the price of US platinum bar finished the market day up 2.2% per ounce. Chinese platinum bar saw its price rise 0.8% to CNY 257.00 ($41.37) per gram. Japanese platinum bar saw little change in its price last Friday at JPY 4,596 ($38.18) per gram.

Chinese palladium bar finished the day up 1.1% to CNY 182.00 ($29.30) per gram. After a 0.6% increase, US palladium bar finished the day at $816.00 per ounce. Japanese palladium bar prices inched up 0.4% to JPY 3,149 ($26.16) per gram.

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