/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CHICAGO, Oct. 27,
2023 /CNW/ - Coeur Mining, Inc. ("Coeur" or the
"Company") (NYSE: CDE) today announced that Avino Silver & Gold Mines Ltd. ("Avino") has
filed a prospectus supplement dated October
27, 2023 (the "Prospectus Supplement") to its short form
base shelf prospectus dated April 11,
2023 qualifying the distribution of up to 14 million common
shares of Avino (the "Offered Shares") to be sold by Coeur to
eligible investors outside of Canada at the prevailing market price at the
time of sale, representing estimated gross proceeds of
approximately US$7 million to Coeur
(the "Offering"). The Prospectus Supplement was prepared and filed
in satisfaction of Avino's obligation to Coeur under a Registration
Rights Agreement dated March 21,
2022.
The Offered Shares are being offered by Coeur through registered
representatives (the "Agents") only in the United States of America on a "best
efforts" basis and in any other jurisdiction where the Offered
Shares may be lawfully offered for sale and sold. No Offered Shares
will be offered or sold to Canadian purchasers, and there will be
no solicitations or advertising activities undertaken in
Canada in connection with the
Offering. The Agents are not registered as investment dealers in
any Canadian jurisdiction and, accordingly, the Agents will only
sell the Offered Shares into the United
States and will not, directly or indirectly, solicit offers
to purchase or sell the Offered Shares in Canada. The Agents will receive a cash
commission of up to 3% of the gross proceeds of the Offering, which
will be payable upon the closing of the Offering. It is anticipated
that the Offered Shares will be delivered on such dates as may be
agreed upon by Coeur and the Agents within 90 days from the date of
the Prospectus Supplement or until all of the Offered Shares are
sold.
Prior to the Offering, Coeur held 14 million shares,
representing approximately 11.24% of the issued and outstanding
common shares of Avino on a non-diluted basis. Upon completion of
the Offering, provided that all of the Offered Shares are sold,
Coeur will no longer hold any shares in the capital of Avino.
This news release is being issued under the early warning
provisions of Canadian securities legislation. A copy of the early
warning report to be filed by Coeur in connection with the
transactions described above will be available under the Avino's
profile on SEDAR+ at www.sedarplus.ca.
Coeur's head office is located at 200 South Wacker Dr., Suite
2100, Chicago, IL, USA, 60606.
Avino Silver & Gold Mines Ltd.'s
head office is located at Suite 900-570 Granville St., Vancouver, British Columbia, V6C 3P1.
About Coeur
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing
precious metals producer with four wholly-owned operations:
the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in
Alaska and the Wharf gold mine in South Dakota. In addition, the Company
wholly-owns the Silvertip silver-zinc-lead exploration project in
British Columbia.
SOURCE Coeur Mining, Inc.