SilverCrest Metals Receives Court Approval for Arrangement with Coeur Mining

TSX: SIL | NYSE American: SILV

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that the Supreme Court of British Columbia has granted the final order in connection with the Company's plan of arrangement (the "Arrangement") with Coeur Mining, Inc. ("Coeur"), whereby Coeur will, among other things, indirectly acquire all of the issued and outstanding SilverCrest shares. Pursuant to the Arrangement, SilverCrest shareholders will receive 1.6022 shares of Coeur common stock for each SilverCrest common share held.

SilverCrest Metals (CNW Group/SilverCrest Metals Inc.)

Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, the Arrangement is expected to close on or about February 14, 2025 . Following closing of the Arrangement, the SilverCrest shares are expected to be de-listed from the Toronto Stock Exchange and the NYSE American (the " De-Listing "). Following the De-Listing, it is anticipated that SilverCrest will apply to cease to be a reporting issuer under applicable Canadian securities laws and will deregister the SilverCrest shares under the U.S. Securities Exchange Act of 1934 , as amended.

For a more detailed description of the Arrangement, please refer to SilverCrest's management information circular dated January 8, 2025 (the "Circular"), available on SEDAR+ at www.sedarplus.ca , on EDGAR at www.sec.gov , and on SilverCrest's website at www.silvercrestmetals.com/transaction .

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals producer headquartered in Vancouver , BC.  The Company's principal focus is its Las Chispas Operation in Sonora , Mexico.  Silvercrest has an ongoing initiative to increase its asset base by expanding current resources and reserves, acquiring, discovering, and developing high value precious metals projects and ultimately operating multiple silver-gold mines in the Americas.  The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

Forward-Looking Statements

This news release contains "forward   -looking statements" and "forward-looking information" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. The words "potential", "expected" and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. These include, without limitation, statements with respect to: statements regarding SilverCrest and the combined company's plans and expectations with respect to the proposed Arrangement and the anticipated impact of the proposed Arrangement on the combined company's results of operations, financial position, growth opportunities and competitive position, and the expected timing of completion of the Arrangement.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the risk that any other condition to closing of the Arrangement may not be satisfied; the risk that the closing of the Arrangement might be delayed or not occur at all; the risk that the either Coeur or SilverCrest may terminate the Arrangement Agreement and either Coeur or SilverCrest is required to pay a termination fee to the other party; potential adverse reactions or changes to business or employee relationships of Coeur or SilverCrest, including those resulting from the announcement or completion of the Arrangement; the diversion of management time on transaction-related issues; the ultimate timing, outcome and results of integrating the operations of Coeur and SilverCrest; the effects of the business combination of Coeur and SilverCrest, including the combined company's future financial condition, results of operations, strategy and plans; the ability of the combined company to realize anticipated synergies in the timeframe expected or at all; changes in capital markets and the ability of the combined company to finance operations in the manner expected; the risk that Coeur or SilverCrest may not receive the required stock exchange approvals of the Arrangement; the expected listing of shares on the NYSE; the risk of any litigation relating to the proposed Arrangement; the risk of changes in governmental regulations or enforcement practices; the effects of commodity prices, life of mine estimates; the timing and amount of estimated future production; the risks of mining activities; and the fact that operating costs and business disruption may be greater than expected following the public announcement or consummation of the Arrangement. Expectations regarding business outlook, including changes in revenue, pricing, capital expenditures, cash flow generation, strategies for the combined company's operations, gold and silver market conditions, legal, economic and regulatory conditions, and environmental matters are only forecasts regarding these matters.

Additional factors that could cause results to differ materially from those described above can be found in the Circular and SilverCrest's annual information form for the year ended December 31, 2023 , which are filed with the SEC and on SEDAR+ and available from SilverCrest's website at www.silvercrestmetals.com under the "Investors" tab, and in other documents SilverCrest files with the SEC or on SEDAR+. All forward-looking statements speak only as of the date they are made and are based on information available at that time. SilverCrest does not assume any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by applicable securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/silvercrest-metals-receives-court-approval-for-arrangement-with-coeur-mining-302373955.html

SOURCE SilverCrest Metals Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/11/c1572.html

News Provided by Canada Newswire via QuoteMedia

SIL:CA,SILV
The Conversation (0)
SilverCrest Reports First Quarter 2024 Financial Results

SilverCrest Reports First Quarter 2024 Financial Results

Financial and Operational Flexibility Continue to Drive Strong Results

TSX: SIL | NYSE American: SILV

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
First Majestic Announces Financial Results for Q1 2025 with Record Cash Position and Announces Quarterly Dividend Payment

First Majestic Announces Financial Results for Q1 2025 with Record Cash Position and Announces Quarterly Dividend Payment

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the Company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. The full version of the financial statements and the accompanying management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.govedgar. All amounts are in U.S. dollars unless stated otherwise.

"Our robust production for Q1 has yielded strong financial performance for the quarter," said Keith Neumeyer, President & CEO. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the Company's 21+ year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Boab Metals Limited

Analyst Report Highlights Boab Metals’ Valuation and Growth Prospects

Description:

A recent analyst report from East Coast Research underscores Boab Metals (ASX:BML) as a compelling investment opportunity, assigning a base-case valuation of AU$0.47 per share and a bull-case valuation of AU$0.51. This assessment reflects the company's robust fundamentals, particularly in terms of its Sorby Hills lead-silver-zinc project, which boasts a pre-tax NPV8 of A$411 million and an IRR of 37 percent.

Keep reading...Show less
Apollo Silver (TSXV:APGO)

Apollo Silver

Keep reading...Show less
Chris Marcus, silver bars.

Chris Marcus: Silver Market Tight, but Volatile — Price Drivers and Outlook

Chris Marcus, founder of Arcadia Economics, shares his latest thoughts on the silver market, outlining the white metal’s key price drivers right now.

He also shares his outlook for gold as its historic run continues.

Keep reading...Show less
Silver Dollar Extends Curlew Vein Strike Length to 700 Metres with Near Surface Intercepts at Ranger-Page

Silver Dollar Extends Curlew Vein Strike Length to 700 Metres with Near Surface Intercepts at Ranger-Page

Previously reported intercept of 162 g/t Ag, 15.5% Pb and 4.1% Zn over 3 metres interpreted to be the extension of the Curlew Vein from the Blackhawk Mine

Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to report geologic modeling results correlating to the recently reported near-surface drilling discoveries at the Ranger-Page Project located in northern Idaho's prolific Coeur d'Alene Mining District.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×