Coeur Mining (CDE) has agreed to acquire New Gold Inc. (NGD) in an all-stock merger structured as a Plan of Arrangement, effective November 2, 2025.
Deal Structure and Financials: New Gold shareholders will receive 0.4959 shares of Coeur common stock for each NGD share, representing a 16% premium. New Gold shareholders will own approximately 38% of the combined entity. The transaction is highly accretive to per-share metrics, creating a combined entity projected to have approximately $20 billion in market capitalization and achieving a 100% North American senior producer status. Projected
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