# McEwen Mining to acquire Timberline Resources for $19.4M

McEwen Mining has agreed to acquire all outstanding shares of Timberline Resources not already owned by McEwen via a merger, valuing the transaction at approximately US$19.4 million. Timberline shareholders will receive 0.01 of a McEwen share per Timberline share.

- Type: Acquisition
- Announced: 2024-04-16
- Where: Hayden, Idaho, United States
- Value: $19.4M
- Status: announced
- Products: gold-silver-copper mining assets
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [McEwen Mining](https://endata.com/companies/76841.md) (acquirer)
- [Timberline Resources](https://endata.com/companies/76842.md) (target)

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/news/timberline-announces-acquisition-mcewen-mining-163000570.html), 2024-04-16: "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."
- [capedge.com](https://capedge.com/filing/314203/0001140361-24-031630/S-4-A), 2024-06-28: "McEwen, Merger Sub, and Timberline have entered into an Agreement and Plan of Merger, dated as of April 16, 2024."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.