U.S. mining company Coeur Mining Inc. acquires New Gold, Kamloops mine in US$7B deal

New Gold's New Afton Mine is changing hands.

U.S. firm Coeur Mining announced Monday that it had acquired New Gold in a US$7-billion deal.

The combined company will have seven operations including New Afton, a gold and copper mine located about 10 kilometres west of Kamloops, as well as New Go...