SilverCrest Shareholders Approve Coeur Mining Transaction, Deal To Close February 14

SilverCrest Metals (TSX: SIL) has seen shareholders approve of its acquisition by Coeur Mining (NYSE: CDE). The company saw over 99% of votes cast at its shareholder meeting approve of the transaction.

The transaction will see SilverCrest shareholders receive 1.6022 Coeur common shares for each share of SilverCrest held, implying consideration of $11.34 per share at the time of announcement. The figure implied an 18% premium for SilverCrest shareholders, while valuing the company as a whole at $1.7 billion.

With approvals in hand, the transaction is now scheduled to close on February 14, 2025.

READ: SilverCrest Reports Q4 Production Of 2.5 Million Silver Equivalent Ounces

Upon closing of the transaction, Coeur Mining is expected to have an annual production profile of approximately 21 million silver ounces, and 432,000 gold ounces.

SilverCrest Metals last traded at $15.90 on the TSX.


Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to these organizations. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Coeur Mining: BMO Lifts Target To $4 After Asset Sale

Coeur Mining (NYSE: CDE) on Monday announced that they have agreed to sell their Crown...

Wednesday, September 21, 2022, 03:46:00 PM

SilverCrest Metals Boosts Revenue By 26% Amid Strong Metal Prices Ahead Of Coeur Mining Merger

SilverCrest Metals (TSX: SIL) reported a record-breaking third quarter for 2024, benefiting significantly from strong...

Wednesday, November 13, 2024, 11:03:00 AM

SilverCrest Metals Acquires Property Near Las Chispas Project

SilverCrest Metals (TSX: SIL) this morning announced the purchase of its latest project, referred to...

Thursday, August 27, 2020, 09:35:44 AM

SilverCrest Reports Q4 Production Of 2.5 Million Silver Equivalent Ounces

SilverCrest Metals (TSX: SIL) has released its production results for the fourth quarter and full...

Wednesday, January 15, 2025, 07:54:19 AM

Another Big Silver Deal! Coeur Mining Acquires SilverCrest for $1.7 Billion

There’s been another major silver transaction in the mining sector. Silvercrest Metals (TSX: SIL) is...

Monday, October 7, 2024, 01:44:00 PM