The merged company will own five mines in North America, with three of them considered top silver producers —Rochester, in Nevada; Palmarejo in Mexico’s Chihuahua; and Las Chispas in Sonora, also Mexico.
Las Chispas mine, which began production in late 2022, has shown strong operational performance, Coeur’s President and CEO, Mitchell J. Krebs told investors on a conference call on Friday morning. The excutive said that in 2023, the mine’s first full-year of operations, it produced over 10.25 million silver equivalent ounces at a cash cost of $7.73 per ounce.
SilverCrest shares have risen nearly 45% since the start of the year, closing at C$12.59, or $9.29, on Thursday. The stock has more than doubled its value in the past 52 weeks, rising 113%. Coeur’s have soared rocketed 117.2% year-to-date through Thursday, as gold prices have rallied to record highs.
