SilverCrest obtains key regulatory approval in Coeur deal

SilverCrest Metals said it received approval from Mexico’s antitrust regulator, Comisión Federal de Competencia Económica (COFECE), for its acquisition by U.S.-based Coeur Mining. 

The transaction has an equity value of $1.7 billion.

“We are pleased to have completed this important milestone in our path to build a leading global silver company through our transaction with Coeur,” said SilverCrest CEO N. Eric Fier. 

“The approval from COFECE is a key regulatory approval for SilverCrest and Coeur and represents a significant step towards the successful completion of the arrangement.”

The deal is expected to close later this month.

Source: SilverCrest Metals

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