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.
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Coeur Mining to acquire SilverCrest Metals
U.S.-based Coeur Mining has entered into a definitive agreement to acquire North American peer SilverCrest Metals, adding the Las Chispas underground mine in Sonora, Mexico, to its portfolio. Under the terms of the agreement, a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of SilverCrest pursuant to a court-approved plan of arrangement. The transaction is…
Read MoreLas Chispas checks in with first silver, gold pour
Canadian-based SilverCrest Metals has achieved the first pour of gold and silver at the Las Chispas mine in Sonora, Mexico. The milestone pour on June 30 consisted of 312 kilograms of dore – about 9,200 ounces of silver and 100 ounces of gold. SilverCrest reported that its underground mining rates have increased during the quarter, with production from stoping and…
Read MoreConstruction done, commissioning begins at Las Chispas
SilverCrest Metals has confirmed that its consultant partner, Ausenco Engineering Canada, has wrapped up construction work on the Las Chispas processing plant in Sonora, Mexico, and has handed it over to the miner for commissioning ahead of schedule.
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