Coeur Mining to Acquire SilverCrest Metals for $1.7 Billion

Coeur Mining, Inc. (CDE) entered a merger agreement on October 4, 2024, to acquire smaller peer SilverCrest Metals Inc. (SILV) in an all-stock deal valued at about $1.7 billion.

Details of The Agreement:

As per the agreement, SilverCrest shareholders will receive 1.6022 Coeur common shares for each SilverCrest common share, which implies a consideration of $11.34 per SilverCrest common share, representing a premium of 22.07% from the stock’s last close.

Company Profile:

SilverCrest is a Canadian company that explores and produces silver and gold, with its main project being the Las Chispas mine in Mexico.

Coeur Mining is a U.S.-based precious metals producer with operations in gold, silver, zinc, and lead, including mines in the U.S., Mexico, and Canada.

Deal Details and Timeline:

Upon completion, anticipated late in the first quarter of 2025, current Coeur shareholders will hold approximately 63% of the merged company, while SilverCrest shareholders will own about 37%.

SilverCrest’s current EV/EBITDA (TTM) ratio is 7.97, below the sector median of 10.51.

SilverCrest’s Las Chispas mine is expected to boost Coeur’s silver production in 2025 to around 21 million ounces from five operations in North America. This would be an addition to Coeur’s expanded Rochester mine in Nevada and the Palmarejo underground mine in northern Mexico.

SilverCrest’s current Chief Executive Officer Nathan Eric Fier, along with one other SilverCrest Director, will join Coeur’s board upon completion of the merger.

Deal Metrics:

To learn more about this M&A transaction, please visit the Deal Metrics page here:

Deal Metrics for the acquisition of SilverCrest Metals Inc. (SILV) by Coeur Mining, Inc. (CDE)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And a whole lot more.

Disclaimer: Readers are advised to perform their own due diligence before making any investment decisions based on the information provided in this article. We do not guarantee the accuracy or completeness of the content or data provided herein.

Editor’s Note: Baranjot Kaur contributed to this article