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Coeur Mining Acquires Silvercrest Metals Inc. - Shares Drop 9.5%

Coeur Mining, Inc. has entered into an arrangement agreement with Silvercrest Metals Inc. and other entities, as per the press release dated October 3, 2024. The agreement involves the acquisition of all of the issued and outstanding common shares in the capital of Silvercrest Metals Inc. by the Acquiror, pursuant to a plan of arrangement under the provisions of the Business Corporations Act (British Columbia).

As part of the agreement, the undersigned party has committed to vote or cause to be voted any Company Shares and any other Subject Securities entitled to be voted held by them in favor of the Arrangement and any other matter that would reasonably facilitate the Arrangement. This commitment is valid until the Termination Date, which is the earliest of various specified events.

Additionally, the undersigned party has agreed not to exercise certain rights in connection with the Arrangement, not to make statements or take actions against the Arrangement, and not to sell, transfer, or otherwise convey the Subject Securities without prior written consent, among other provisions.

The press release also includes legal and jurisdictional details governing the agreement, as well as provisions regarding termination, binding nature of the agreement, and enforcement measures.

The press release does not provide specific financial or operational metrics that have changed since the last period. Today the company's shares have moved -9.5% to a price of $6.41. For the full picture, make sure to review Coeur Mining's 8-K report.

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