Coeur to acquire New Gold in US$7B deal, forming North American precious metals giant

Coeur Mining Inc. has struck a deal to acquire New Gold Inc. in an all-stock merger valued at around US$7 billion, a move that will reshape the landscape for North American precious metals producers. The transaction will create a new heavyweight in the sector, with a combined market capitalization of about US$20 billion.

Under the terms of the agreement, Coeur shareholders will own approximately 62 percent of the new company, while New Gold shareholders will hold the remaining 38 percent. The combined entity will operate mines across the U.S., Mexico, and Canada, and is projected to produce 900,000 ounces of gold and 20 million ounces of silver in 2026.

The merger positions the new company among the world’s top 10 precious metals producers and the top five silver producers, with silver a