Arian Silver Corp. (TSX: ACQ) is buying a silver processing plant in San Jose, Mexico.
Arian Silver is a silver exploration, development and production company that focuses on projects in the Zacatecas silver belt in Mexico. The company is paying a total of $3.12 million for the plant.
The plant can process 1,500 tons of silver-lead-zinc ore.
Arian expects the deal to increase operating efficiencies. The company plans to disassemble the plant and move it closer to its mining operations.
Other recent precious metal deals include Hecla Mining Co.’s (NYSE: HL) offer to buy gold mining company Arizon Mines Ltd. (TSX: ARZ), Hecla’s agreement to buy a 19.8 percent stake in resource exploration company Brixton Metals Corp. Coeur d’Alene Mines Corp.’s (NYSE: CDE) $382 million offer to buy Orko Silver Corp.