Coeur Mining Inc. (NYSE: CDE) is buying Paramount Gold and Silver Corp. (NYSE, TSX: PZG) in an all-stock transaction valued at $146 million.
Paramount, headquartered in Winnemucca, Nevada, is a gold and silver exploration company. The company has projects in Nevada and Mexico. The company's stock price rose after the deal was announced. Paramount stock closed at $0.65 on Dec. 16, and opened at $0.85 on Dec. 17.