Yahoo Finance

A-Mark Precious Metals announced that its wholly owned subsidiary Silver Towne Mint, operated through AM&ST Associates has acquired substantially all of the assets of Regency Mint Manufacturing for $2 million. With the acquisition, Silver Towne Mint acquired all of Regency Mint’s minting equipment, which is expected to be moved shortly to the Silver Towne Mint’s facility in Winchester, Indiana, as well as its entire customer list. Among the immediate benefits of the acquisition to Silver Towne Mint include additional capacity for proof-quality coins and rounds and breakable rounds, along with new extrusion equipment that will enable faster and more efficient production of fractional products.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on AMRK:

• A-Mark Precious Metals price target raised to $52 from $47 at DA Davidson

• A-Mark Precious Metals price target raised to $47 from $42 at DA Davidson

• A-Mark Precious Metals participates in a conference call with Maxim Group

• A-Mark Precious Metals reports preliminary Q4 EPS $1.20, consensus 69c

• A-Mark Precious Metals options imply 7.1% move in share price post-earnings