Coeur Mining Acquires SilverCrest Metals in $1.7 Billion Deal

The acquisition aims to reduce Coeur's debt and enhance its silver production through SilverCrest's Las Chispas mine.

• Coeur Mining, based in Chicago, will acquire Vancouver-based SilverCrest Metals through an all-stock transaction valued at approximately US$1.7 billion.
• SilverCrest shareholders will receive 1.6022 Coeur shares for each of their shares, representing a 22% premium on the closing price before the deal announcement.
• The acquisition includes SilverCrest's Las Chispas mine in Sonora, Mexico, known for its high-grade, low-cost silver and gold production.
• The combined company is projected to produce 21 million ounces of silver and 432,000 ounces of gold annually by 2025.
• The deal is expected to close in late Q1 2025, pending shareholder, court, and regulatory approvals, with Coeur shareholders owning 63% of the new entity.

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