11:23 AM EST, 02/03/2025 (MT Newswires) -- Coeur Mining ( CDE ) and SilverCrest Metals ( SILV ) said Monday separately that they have received clearance from Mexican anti-trust regulator for their planned merger.

"The Mexican Federal Economic Competition Commission (COFECE) determined that the transaction is unlikely to diminish, harm or hinder free and open competition in the Mexican mining sector and granted approval," Coeur said in a regulatory filing.

SilverCrest also said it received clearance from the regulator. It expects to close the transaction Feb. 14.

SilverCrest shareholders will receive 1.6022 Coeur shares for each SilverCrest share held in a deal struck in October last year.

SilverCrest shares were over 4% higher, and Coeur was up over 3% in recent trading.

Price: 6.79, Change: +0.19, Percent Change: +2.88