Owners of mines in MT, Idaho propose merger

Published June 8, 2012 6:20pm ET



BILLINGS, Mont. (AP) — Two companies that own gold and silver mines in Montana and Idaho announced Friday that they intend to merge to form a company called U.S. Silver and Gold Inc.

RX Gold owns the Drumlummon gold and silver mine northwest of Helena. U.S. Silver, which owns the Galena mine in northern Idaho, has announced plans to bring its Coeur d’Alene mine back into production.

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