Coeur signs a deal to acquire all issued and outstanding shares of SilverCrest.
Silver prices have climbed nearly 35% in 2024 and are hovering near a 12-year high, tracking gold's stellar rally and demand for the white metal used in industries ranging from solar panels to electronics. SilverCrest shareholders will receive 1.6022 Coeur common stock for each owned, or $11.34 per share — a 22% premium to the U.S.-listed shares' last close. Coeur shares fell 6.8%, while SilverCrest's U.S.-listed shares jumped 12.5%.