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SilverCrest Metals ( (TSE:SIL) ) has issued an update.
SilverCrest Metals Inc. announced on February 3, 2025, that it received clearance from the Mexican anti-trust authority, COFECE, for its arrangement with Coeur Mining, Inc. This arrangement involves Coeur acquiring all outstanding SilverCrest shares, with SilverCrest shareholders receiving Coeur shares in exchange. The completion of this arrangement is subject to various approvals, including from SilverCrest’s securityholders and the court, and is expected to close around February 14, 2025. Once finalized, SilverCrest shares will be delisted from the Toronto Stock Exchange and NYSE American, marking a significant step in SilverCrest’s strategy to become a leading global silver company.
More about SilverCrest Metals
SilverCrest Metals Inc. is a Canadian precious metals producer headquartered in Vancouver, BC, with a primary focus on its Las Chispas Operation in Sonora, Mexico. The company aims to expand its asset base by developing high-value precious metals projects and operating multiple silver-gold mines in the Americas.
YTD Price Performance: 7.03%
Average Trading Volume: 1,909,581
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.54B
For detailed information about SIL stock, go to TipRanks’ Stock Analysis page.
