mining

Couer to acquire SilverCrest in $1.7 billion all-share deal

Kitco Media
By Michael McCrae
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Couer to acquire SilverCrest in $1.7 billion all-share deal teaser image

(Kitco News) - Coeur Mining (NYSE: CDE) announced today that it will acquire SilverCrest in an all-share transaction valued at $1.7 billion. 

SilverCrest holders will be given Couer shares, valuing SilverCrest at a 18% premium. According to Couer, the combined company is expected to generate approximately $700 million of EBITDA and $350 million of free cash flow in 2025. The 2025 combined production will be approximately 21 million ounces of silver and 432,000 ounces of gold. 

SilverCrest operates the Las Chispas underground mine in Sonora, Mexico. Las Chispas commenced production in late 2022. In 2023, SilverCrest sold approximately 10.25 million silver equivalent ounces at average cash costs of $7.73 per ounce.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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silverSilverCrestCoeur Mining 

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