12:11 PM EST, 02/03/2025 (MT Newswires) -- (Updates shares.)

SilverCrest Metals ( SILV ) at last look rose 6.5% on the TSX after the company received Mexican antitrust approval regarding Coeur Mining's ( CDE ) US$1.7-billion acquisition of the company.

A special meeting of SilverCrest securityholders to approve the deal is scheduled for Thursday. The transaction is expected to close on Feb. 14.

Under the terms, SilverCrest shareholders will receive 1.6022 shares of Coeur common stock for each SilverCrest share held. SilverCrest's board has unanimously recommended that shareholders and option holders approve the deal.

The company's shares were last seen up $0.89 to $16.12 on the Toronto Stock Exchange.

Price: 16.12, Change: +0.89, Percent Change: +5.84