Fortune Minerals completes Revenue Silver Mine acquisition

Fortune Minerals announced Wednesday that it had completed the purchase of the Revenue Silver mine in southwest Colorado from Silver Star Resources, Star Mine Operations and Revenue-Virginius Mines. The company said it has received $25 million from a US$35 million production pre-pay facility from Lascaux Resource Capital Fund 1 with a second tranche of US$10 million expected to close on October 16, 2014. The Revenue Silver Mine (RSM) is an operating high-grade, underground silver mine with a 400 tpd mill and concentrator. The mine is located in the Sneffels silver…

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