
Coeur Mining Aims to Become a North American Mining Powerhouse With New Gold Merger
âĒBy ADMIN
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Coeur Mining is positioning itself for a major transformation through its acquisition of New Gold, a deal expected to reshape the company into a leading North American precious metals producer. The allâstock merger, valued at approximately $7âŊbillion, will combine Coeurâs existing operations with New Goldâs Canadian assets, including the Rainy River gold mine and the New Afton copperâgold mine, to create a company with a roughly $20âŊbillion market capitalization.
Once completed, the combined entity is projected to operate seven mines across the U.S. and Canada and produce about 20âŊmillion ounces of silver, 900,000 ounces of gold, and 100âŊmillion pounds of copper in 2026. Analysts estimate this scale will drive significant revenue growth, with forecasts suggesting around $1.7âŊbillion in sales and an earnings per share figure of approximately $1.44, while free cash flow is expected to strengthen, potentially reversing past cash deficits.
Under the terms of the arrangement, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each of their shares, representing a meaningful premium and resulting in existing Coeur shareholders owning about 62âŊ% of the combined company, with New Gold shareholders holding the remaining 38âŊ%. Pending regulatory and shareholder approvals, the merger is expected to close in the first half of 2026.
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