Coeur Mining Completes Acquisition of SilverCrest – Significant Milestone Achieved

Coeur Mining, Inc. has successfully finalized the acquisition of SilverCrest Metals Inc., marking a pivotal moment for both entities. The transaction, completed on February 14, 2025, involved Coeur acquiring all of the outstanding common shares of SilverCrest. Under the terms of the agreement, SilverCrest shareholders received 1.6022 Coeur common shares for each SilverCrest common share, totaling approximately 239 million shares issued by Coeur as part of the acquisition.

The strategic business combination, initially announced on October 3, 2024, culminated in the integration of SilverCrest as a wholly-owned subsidiary of Coeur. Following the completion of the acquisition, Coeur is set to provide additional information regarding the anticipated benefits of the transaction, including insights into production and cost guidance for the year 2025. This information is scheduled to be released alongside Coeur’s fourth-quarter and full-year 2024 operational and financial results on February 19, 2025.

As part of the acquisition process, Coeur enlisted BMO Capital Markets and Goldman Sachs & Co. LLC as financial advisors, while legal counsel was provided by Goodmans LLP and Gibson, Dunn & Crutcher LLP. The integration of SilverCrest brings substantial growth opportunities for Coeur, positioning the company as a well-diversified and expanding precious metals producer with a portfolio that includes operations in Mexico, Nevada, Alaska, and South Dakota, in addition to critical minerals exploration projects.

Looking forward, Coeur is committed to realizing the potential synergies and benefits of the acquisition while emphasizing the continued adherence to its operational and strategic plans. The directors joining Coeur’s board as part of this acquisition bring a wealth of experience in the mining industry, further strengthening the company’s leadership team.

This acquisition not only elevates Coeur’s market position but also underscores its dedication to enhancing shareholder value and fostering long-term growth and sustainability within the industry. The amalgamation of Coeur Mining and SilverCrest Metals signifies a significant step forward in consolidating their respective strengths and expertise toward a shared vision of success and value creation.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Coeur Mining’s 8K filing here.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.