SilverCrest Metals Agrees to Acquisition by Coeur Mining

SilverCrest Metals (TSE:SIL) has released an update.

SilverCrest Metals Inc. has entered into an acquisition agreement with Coeur Mining, Inc., where Coeur Mining and its subsidiaries plan to acquire all outstanding shares of SilverCrest. This transaction is to be executed through a plan of arrangement under British Columbia’s Business Corporations Act. Both companies’ boards have unanimously determined that the arrangement is fair, reasonable, and in the best interests of their shareholders.

For further insights into TSE:SIL stock, check out TipRanks’ Stock Analysis page.