Coeur Mining Acquires SilverCrest, Boosts Silver Production

SilverCrest Metals (TSE:SIL) has released an update.

Coeur Mining, Inc. has announced the strategic acquisition of SilverCrest Metals, creating a formidable entity in the global silver industry. The merger, valued at approximately $1.7 billion, is anticipated to yield a combined annual silver production of 21 million ounces and significantly bolster both EBITDA and free cash flow. This move positions Coeur to accelerate its deleveraging initiatives, backed by SilverCrest’s robust balance sheet and the high-margin Las Chispas mine.

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