Coeur Mining, New Gold Announce $7 Billion Merger to Create Major Precious Metals Producer
Mining News | 2025-11-04 10:23:17
The merger will form a 100% North American-based senior mining company with a market capitalization of nearly $20 billion.
By Paul Ploumis
SEATTLE (Scrap Monster): Coeur Mining, Inc. and New Gold Inc. have announced a definitive merger agreement under which a wholly-owned subsidiary of Coeur will acquire all issued and outstanding shares of New Gold, creating a powerful North American precious metals producer.
As per the terms of the deal, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold share they hold. The transaction values New Gold at approximately $7 billion. Upon completion, Coeur shareholders will own around 62%, while New Gold shareholders will hold about 38% of the newly combined company’s outstanding stock.
The merger will form a 100% North American-based senior mining company with a market capitalization of nearly $20 billion. The combined portfolio will include seven high-quality operations, incorporating New Gold’s two Canadian mines, and is projected to produce approximately 1.25 million gold-equivalent ounces in 2026.
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Financially, the merged entity is expected to deliver around $3 billion in EBITDA and $2 billion in free cash flow by 2026, supported by lower costs, improved efficiencies, and enhanced profit margins.
With this merger, the company will rank among the world’s top 10 precious metals producers and become one of the top five global silver producers, reinforcing its leadership in the North American mining sector and positioning it for sustainable long-term growth.
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How do you view the $7 billion merger between Coeur Mining and New Gold to form a leading North American precious metals producer?
Frequently Asked Questions
- What is the key highlight of the Coeur Mining–New Gold merger?
Coeur Mining will acquire all issued and outstanding shares of New Gold in a $7 billion deal, creating a leading North American precious metals producer.
- How will ownership be divided in the combined company?
Upon completion, Coeur shareholders will own about 62%, while New Gold shareholders will hold around 38% of the merged company’s outstanding stock.
- What are the expected outcomes of the merger?
The new entity will have a market capitalization of nearly $20 billion, operate seven high-quality mines, and is projected to produce 1.25 million gold-equivalent ounces in 2026, ranking among the top 10 global precious metals producers and top 5 silver producers.
