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The latest announcement is out from SilverCrest Metals ( (TSE:SIL) ).
SilverCrest Metals has announced the mailing and filing of materials for a special meeting where securityholders will vote on a proposed arrangement with Coeur Mining. The board unanimously recommends this arrangement, which includes a share exchange with an 18% premium for SilverCrest shareholders. This strategic move aims to enhance SilverCrest’s market position by providing its shareholders with significant equity in Coeur’s diversified mining operations, potentially increasing silver production through the integration of SilverCrest’s Las Chispas operation with Coeur’s existing assets.
More about SilverCrest Metals
SilverCrest Metals Inc. is a company focused on the mining industry, primarily involved in the exploration and development of high-grade, low-cost silver and gold projects. The company’s market focus includes its Las Chispas operation, known for its high-margin production.
YTD Price Performance: 1.22%
Average Trading Volume: 2,103,134
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.48B
See more insights into SIL stock on TipRanks’ Stock Analysis page.
