CDE to Create Leading Global Silver Company With SilverCrest Buyout
The acquisition can enhance Coeur's market position and profitability, similar to past successful mergers in the mining sector.
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The acquisition can enhance Coeur's market position and profitability, similar to past successful mergers in the mining sector.
What happened, with direct paths to the underlying reporting
Coeur Mining acquires SilverCrest for $1.7 billion to boost silver production. Combined firm expected to yield 21 million ounces of silver by 2025. Debt-free SilverCrest enhances Coeur's financial profile and reduces leverage by 40%. Gold output expected at 432,000 ounces in 2025, increasing revenue diversification. Coeur's share price rose 182.3% in a year, outperforming industry growth.
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