Coeur Mining to acquire US-based SilverCrest for $1.7bn [Yahoo! Finance]
Coeur Mining, Inc. (CDE)
Last coeur mining, inc. earnings: 4/22 04:30 pm
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Source: Yahoo! Finance
The move comes amid the two companies' efforts to secure reserves to meet the surging silver demand, reported Reuters Under the deal, US-based SilverCrest shareholders will receive 1.6022 Coeur common shares for each share held in the company. This values SilverCrest at approximately $11.34 per share. The combined entity is expected to produce around 21moz of silver in 2025, with the US-based mines contributing 56% of the revenue. It is also expected to produce about 432,000oz of gold next year. The addition of SilverCrest's high-grade Las Chispas mine in Mexico is expected to complement Coeur's portfolio with low-cost, high-margin production, having already sold around 10.25 million silver equivalent ounces in 2023. Financially, the SilverCrest acquisition is set to significantly boost Coeur's EBITDA and free cash flow, with projections of $700m and $350m respectively for 2025. Upon completion of the deal, SilverCrest CEO N Eric Fier and another director from SilverCrest
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News
- Coeur Mining, Inc. (CDE): A Top Silver Mining Stock to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- CMC Metals Ltd. Options the Silverknife Property to Coeur Mining, Inc. [Canadian Business Journal (Canada)]Canadian Business Journal
- CMC Metals Ltd. Options the Silverknife Property to Coeur Mining, Inc.GlobeNewswire
- $HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Coeur Mining, Inc. – CDEGlobeNewswire
- Buying the Best Top-Ranked Stocks in November [Yahoo! Finance]Yahoo! Finance
CDE
Earnings
- 11/6/24 - Beat
CDE
Sec Filings
- 11/14/24 - Form PREM14A
- 11/13/24 - Form DEFA14A
- 11/6/24 - Form 10-Q
- CDE's page on the SEC website