Coeur Mining, Inc. (CDE) on Monday said it has agreed to acquire New Gold Inc. (NGD) in an all-stock transaction valued at about $7 billion.
Under the terms of the deal, New Gold shareholders will receive 0.4959 shares of Coeur for each New Gold share, representing an implied consideration of $8.51 per share, a 16% premium to New Gold's closing price on October 31, 2025. Upon completion, Coeur and New Gold shareholders will own roughly 62% and 38%, respectively, of the combined company.
The merger is expected to create a stronger mid-tier mining company with projected EBITDA of about $3 billion and free cash flow of $2 billion in 2026, up sharply from Coeur's expected 2025 full-year EBITDA of $1 billion and free cash flow of $550 million.
Following the completion of the deal, several members of New Gold's management team, including President and CEO Patrick Godin, will join Coeur, with Godin and one other New Gold director set to join Coeur's board.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.