Coeur Completes Acquisition of SilverCrest
14 Fevereiro 2025 - 10:37AM
Business Wire
Coeur Mining, Inc. (“Coeur”) (NYSE: CDE) is pleased to announce
the completion of its acquisition of SilverCrest Metals Inc.
(“SilverCrest”) by Coeur (the “Transaction”) pursuant to the
definitive agreement (the “Agreement”) previously announced in the
joint news release of Coeur and SilverCrest dated October 4,
2024.
Under the terms of the Agreement, Coeur acquired all of the
issued and outstanding common shares of SilverCrest, with
SilverCrest shareholders receiving 1.6022 Coeur common shares for
each SilverCrest common share. Coeur issued 239,331,799 shares in
the Transaction.
Coeur plans to share additional information about the expected
benefits of the Transaction, including 2025 production and cost
guidance, when it releases its fourth quarter and full-year 2024
operational and financial results, which is planned for Wednesday,
February 19, 2025 after the New York Stock Exchange closes for
trading.
BMO Capital Markets acted as financial advisor to Coeur. Goldman
Sachs & Co. LLC also acted as a financial advisor to Coeur.
Goodmans LLP and Gibson, Dunn & Crutcher LLP acted as Coeur’s
legal advisors.
About Coeur
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing
precious metals producer with five wholly-owned operations: the Las
Chispas silver-gold mine in Sonora, Mexico, the Palmarejo
gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold
mine in Nevada, the Kensington gold mine in Alaska and the Wharf
gold mine in South Dakota. In addition, Coeur wholly-owns the
Silvertip polymetallic critical minerals exploration project in
British Columbia.
Cautionary Statements
This news release contains forward-looking statements within the
meaning of securities legislation in the United States and Canada,
including statements regarding the acquisition and integration of
SilverCrest. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause
Coeur’s actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include, among others, the risk that
anticipated production, cost and expense levels are not attained,
the risks and hazards inherent in the mining business (including
risks inherent in developing and expanding large-scale mining
projects, environmental hazards, industrial accidents, weather or
geologically-related conditions), changes in the market prices of
gold and silver and a sustained lower price or higher treatment and
refining charge environment, the uncertainties inherent in Coeur’s
production, exploration and development activities, including risks
relating to permitting and regulatory delays (including the impact
of government shutdowns) and mining law changes, ground conditions,
grade and recovery variability, any future labor disputes or work
stoppages (involving the Company and its subsidiaries or third
parties), the risk of adverse outcomes in litigation, the
uncertainties inherent in the estimation of mineral reserves and
resources, impacts from Coeur’s future acquisition of new mining
properties or businesses, risks associated with the continued
integration of the recent acquisition of SilverCrest, the loss of
access or insolvency of any third-party refiner or smelter to whom
Coeur markets its production, materials and equipment availability,
inflationary pressures, continued access to financing sources, the
effects of environmental and other governmental regulations and
government shut-downs, the risks inherent in the ownership or
operation of or investment in mining properties or businesses in
foreign countries, Coeur’s ability to raise additional financing
necessary to conduct its business, make payments or refinance its
debt, as well as other uncertainties and risk factors set out in
filings made from time to time with the United States Securities
and Exchange Commission, and the Canadian securities regulators,
including, without limitation, Coeur’s most recent report on Form
10-K. Actual results, developments and timetables could vary
significantly from the estimates presented. Readers are cautioned
not to put undue reliance on forward-looking statements. Coeur
disclaims any intent or obligation to update publicly such
forward-looking statements, whether as a result of new information,
future events or otherwise. Additionally, Coeur undertakes no
obligation to comment on analyses, expectations or statements made
by third parties in respect of Coeur, its financial or operating
results or its securities. This does not constitute an offer of any
securities for sale.
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version on businesswire.com: https://www.businesswire.com/news/home/20250213256643/en/
Coeur Mining, Inc. 200 S. Wacker Drive, Suite 2100 Chicago,
Illinois 60606 Attention: Jeff Wilhoit, Senior Director, Investor
Relations Phone: (312) 489-5800 www.coeur.com
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