Coeur Mining, Inc. and New Gold Inc. announced that they have entered into a definitive agreement whereby a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of New Gold.
Upon completion of the transaction, existing Coeur stockholders and New Gold shareholders will own approximately 62% and 38% of the outstanding common stock of the combined company, respectively.
The combined company creates a new, 100% North American senior mining company with an approximately $20 billion market capitalization; seven high-quality operations producing approximately 1.25 million gold equivalent ounces in 2026, including 20 million ounces of silver and 900,000 ounces of gold.
Coeur is a U.S.-based precious metals producer with five wholly-owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota.
New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and Rainy River gold mine.
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished
