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SilverCrest Metals receives Mexican anti-trust approval for $1.7bn Coeur Mining deal
SilverCrest Metals has received clearance from Mexico’s Comisión Federal de Competencia Económica (COFECE) for its acquisition by Coeur Mining in a deal with an equity value of approximately $1.7bn (C$2.45bn). SilverCrest shareholders will receive 1.6022 Coeur shares for each SilverCrest share held. The exchange ratio values each SilverCrest share at $11.34. Post-acquisition, Coeur and SilverCrest shareholders will own approximately 63% and 37% of the combined entity, respectively. SilverCrest CEO N. Eric Fier said: “We are pleased to have completed this important milestone in our path to build a leading global ... (full story)