Coeur Mining shares are trading lower. The company announced it agreed to acquire SilverCrest Metals for approximately $1.7 billion, pending court approval.
Portfolio Pulse from Benzinga Newsdesk
Coeur Mining's shares are trading lower following the announcement of its agreement to acquire SilverCrest Metals for approximately $1.7 billion, pending court approval.
October 04, 2024 | 2:02 pm
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Coeur Mining's stock is experiencing a decline after the announcement of its $1.7 billion acquisition of SilverCrest Metals, which is still subject to court approval.
The decline in Coeur Mining's stock price is likely due to investor concerns about the acquisition's cost and the uncertainty of court approval. Acquisitions can lead to short-term stock price volatility as investors assess the potential impact on the company's financials.
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