SilverCrest Metals
SilverCrest Metals Inc. was a Canadian precious metals mining company that operated the Las Chispas silver-gold mine in Sonora, Mexico, and was acquired by Coeur Mining Inc. in February 2025 for approximately US$1.7 billion.
- Company typePrivate
- Founded1973
- HeadquartersVancouver, Canada
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What SilverCrest Metals does
SilverCrest Metals Inc. was a Canadian precious metals mining company headquartered in Vancouver, focused on the exploration, development, and extraction of silver and gold. Its sole producing asset was the Las Chispas silver-gold mine in Sonora, Mexico, which was constructed and commissioned under the leadership of founder and CEO Eric Fier and COO Pierre Beaudoin. The company was publicly listed on the Toronto Stock Exchange under the symbol SIL prior to February 2025.
The company's core product was refined silver and gold produced from the Las Chispas deposit, sold through direct offtake arrangements to precious metals traders, bullion banks, and industrial buyers — a distribution model standard to mid-tier miners. Pricing was driven by prevailing spot-market prices for silver and gold; specific contract terms were not publicly disclosed. The principal technical feature of the operation was its low-cost extraction profile, with a 2024 breakeven production cost of $18.65 per ounce of silver, the lowest among six major TSX-listed silver miners and well below the peer-group average of $26.86 per ounce. The company employed between 251 and 500 people and was recognized for strong ESG practices, reporting 95% compliance with privacy and land-use regulations in a February 2026 update.
In February 2025, SilverCrest Metals was acquired by Coeur Mining Inc., a NYSE-listed diversified precious metals producer, for approximately US$1.7 billion. The transaction added Las Chispas to Coeur's portfolio of seven operating mines across the United States, Canada, and Mexico. Following the acquisition, SilverCrest Metals ceased to operate as an independent entity and is now a wholly-owned subsidiary within the Coeur Mining group. Pre-acquisition funding history includes three equity rounds between 2017 and 2019 totaling approximately $115 million, supporting mine construction and ramp-up.
SilverCrest Metals firmographics
Firmographics- Name
- SilverCrest Metals
- Legal name
- SilverCrest Metals Inc.
- Website
- https://silvercrestmetals.com
- Company type
- Private
- Founded year
- 1973
- Operating status
- Acquired
- Headcount range
- 251–500 employees
- Short description
- SilverCrest Metals Inc. was a Canadian precious metals mining company that operated the Las Chispas silver-gold mine in Sonora, Mexico, and was acquired by Coeur Mining Inc. in February 2025 for approximately US$1.7 billion.
- Ownership category
- akta.pro rank
SilverCrest Metals industry classification
Industry- Product category
- Precious Metals Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industry
- Gold Mining (IMAKAEAA)
Keywords
Where SilverCrest Metals is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
SilverCrest Metals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Others
Distribution channels1 record
SilverCrest Metals product offering
Product offeringCore offering
SilverCrest Metals extracts and produces silver and gold from the Las Chispas mine in Sonora, Mexico. The company operated as a single-asset precious metals miner recognized for industry-leading low all-in sustaining costs, selling refined silver and gold to precious metals traders, bullion banks, and industrial buyers through direct offtake arrangements.
Product overview
SilverCrest Metals Inc. was a silver mining company focused on the exploration and development of precious metals properties. The company's primary asset was the Las Chispas Mine in Sonora, Mexico. As of February 2025, SilverCrest Metals was acquired by Coeur Mining Inc. for approximately US$1.7 billion and no longer operates as an independent entity. The company previously operated as a single-product mining operation with no modular or platform-based product architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- Las Chispas Silver-Gold Mine
- Silver Production
- Gold Production
Quantifiable outcome
- Lowest breakeven production cost of $18.65 per ounce among six major TSX silver miners in 2024, versus market average of $26.86 per ounce
- +1 more outcomes
Companies that use SilverCrest Metals
Customer profileIdeal customer profiles1 record
SilverCrest Metals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SilverCrest Metals partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights3 records
SilverCrest Metals competitors and assessment
Company assessmentBroad incumbents
- Coeur Mining: Acquirer of SilverCrest Metals in February 2025 for ~$1.7B; operates seven North American precious metals mines including Las Chispas, Palmarejo, Rochester, Kensington, Wharf, Rainy River, and New Afton, producing both silver and gold with similar offtake and processing economics.
- Pan American Silver:
Direct peers
- First Majestic Silver: Pure-play silver mining company operating multiple Mexican and US silver mines; comparable to SilverCrest as a TSX-listed primary silver producer with similar cost dynamics, refining channels, and exposure to silver spot prices.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key highlights5 records
Customer concentration
SilverCrest Metals social profiles
Digital presenceSilverCrest Metals financial estimates
Financial estimateRevenue estimate
Valuation estimate
SilverCrest Metals leadership team
Management profileNumber of profiles
SilverCrest Metals funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SilverCrest Metals M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SilverCrest Metals
What does SilverCrest Metals do?
SilverCrest Metals extracts and produces silver and gold from the Las Chispas mine in Sonora, Mexico. The company operated as a single-asset precious metals miner recognized for industry-leading low all-in sustaining costs, selling refined silver and gold to precious metals traders, bullion banks, and industrial buyers through direct offtake arrangements.
Is SilverCrest Metals a public or private company?
SilverCrest Metals is a private company. It is classified as public and is currently acquired.
When was SilverCrest Metals founded?
SilverCrest Metals was founded in 1973. It employs 251 to 500 people.
Where is SilverCrest Metals based?
SilverCrest Metals is headquartered in Vancouver, Canada, in the North America region.
Who are SilverCrest Metals's main competitors?
Broad incumbents on record are Coeur Mining and Pan American Silver. First Majestic Silver is listed as a direct peer.
Does SilverCrest Metals have an API?
No public API is recorded for SilverCrest Metals.
What industry is SilverCrest Metals in?
SilverCrest Metals's product category is Precious Metals Mining. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.