ACQUISITIONS

On December 16, 2014, the Company entered into a merger agreement under which it will issue, in exchange for each issued and outstanding share of Paramount Gold and Silver Corp. ("Paramount"), 0.2016 shares of common stock of the Company, subject to closing conditions being satisfied. Immediately prior to completion of the merger, Paramount will spin-off to its existing stockholders a separate, publicly traded company, expected to be named Paramount Nevada Gold Corp. (“SpinCo”), a subsidiary that owns the Sleeper Gold Project and other assets in Nevada. As part of the transaction, subject to satisfaction of closing conditions, Coeur will make a loan to Paramount in the principal amount of $8.5 million and Paramount will contribute all of the proceeds of such loan to SpinCo as an equity contribution, and SpinCo will issue to Coeur, in exchange for a cash payment by Coeur in the amount of $1.5 million, newly issued shares of SpinCo common stock amounting to 4.9% of the outstanding SpinCo common stock after issuance.

On December 16, 2014, the Company acquired a 0.7% NSR royalty on Paramount's San Miguel project in a separate transaction not conditioned on the successful acquisition of Paramount for $5.3 million.

On July 2, 2014, the Company acquired a pre-existing 3.0% NSR royalty on the La Preciosa silver-gold project for $12.0 million.

On May 27, 2014, the Company's subsidiary, Coeur Capital, Inc., entered into an NSR royalty agreement with Northair Silver Corp. (formerly, International Northair Mines, Ltd., "Northair"). Pursuant to the agreement, the Company paid $2.2 million cash on May 27, 2014 for a 1.25% NSR and $1.8 million on September 2, 2014 for an additional 1.25% NSR royalty payable on future production from Northair's La Cigarra silver project located in north central Mexico.

The Company completed the acquisition of Global Royalty Corporation (“GRC”) on December 13, 2013. The transaction was accounted for as a business combination. Upon completion of the acquisition, the Company holds NSRs on the El Gallo complex in Mexico and the Zaruma mine in Ecuador. The Company incurred $0.3 million of acquisition-related costs in 2013 related to the acquisition of GRC which are included in General and administrative expense in the Consolidated Statement of Comprehensive Income (Loss).

Total consideration paid and fair value of assets acquired in the GRC acquisition are as follows (in thousands):



Total purchase price	26,047
Total liabilities assumed	8,605
Total consideration	$	34,652



Total assets acquired	$	34,652

On April 16, 2013, the Company completed its acquisition of Orko Silver Corporation (“Orko”). As a result of the acquisition, the Company owns the La Preciosa silver-gold project in the state of Durango, Mexico. The transaction was accounted for as a purchase of mineral interests since La Preciosa is an exploration stage project.

Total consideration paid and fair value of assets acquired in the Orko acquisition are as follows (in thousands):



Total purchase price	295,841
Total liabilities assumed	116,955
Total consideration	$	412,796



Total assets acquired	$	412,796