Coeur Mining Acquires New Gold to Create All-North American Senior Precious Metals Producer

Coeur Mining is acquiring New Gold to create a new North American senior precious metals producer. The combined company will have seven operations generating $3 billion in EBITDA and $2 billion in free cash flow in 2026, with production of approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper. The acquisition implies a total equity value of approximately $7 billion and a pro forma combined equity market capitalization of approximately $20 billion.