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

SilverCrest Metals Inc. has announced a definitive arrangement with Coeur Mining, Inc. to be acquired in a court-approved plan, with SilverCrest shareholders receiving a premium of 1.6022 Coeur shares for each SilverCrest share, implying an 18% premium and a total equity value of approximately $1.7 billion. Upon completion, SilverCrest will become a wholly owned subsidiary of Coeur, and its shares will be delisted from the Toronto and NYSE American Stock Exchanges. The transaction is subject to approval by SilverCrest and Coeur shareholders, with completion expected in the first quarter of 2025.

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