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