MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 3.Feb.2025) — SilverCrest Metals Inc. received the clearance decision from the Comisión Federal de Competencia Económica (COFECE) regarding company’s plan of arrangement with Coeur Mining, Inc.
Per the arrangement, Coeur will indirectly, among other things, acquire all of the issued and outstanding SilverCrest shares. SilverCrest shareholders will receive 1.6022 shares of Coeur common stock for each SilverCrest share held, SilverCrest announced 3 Feb. 2025 in an official statement.
COFECE or the Mexican Federal Economic Competition Commission, is responsible for overseeing, promoting and guaranteeing competition and free market access in Mexico for the efficient functioning of markets to the benefit of consumers.
Assuming approval of SilverCrest’s securityholders at the special meeting on 6 Feb. 2025 and court approval, the arrangement is expected to close on or about 14 Feb. 2025, according to SilverCrest.
“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,” SilverCrest CEO N. Eric Fier said in the statement.
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By Fidencio Casillas reporting from Mexico City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
