Coeur Mining, Inc. to acquire New Gold Inc. for US$7 billion

Goodmans LLP is acting for Coeur Mining, Inc. in connection with its definitive agreement to acquire New Gold Inc. for US$7 billion pursuant to a court-approved plan of arrangement. 

This acquisition is pivotal as it will create a new, dominant, all North American senior precious metals producer with a pro forma market capitalization of approximately US$20 billion. The combined company will be among the top 10 largest precious metals companies and top 5 largest silver producers globally, with silver representing 30% of total metals reserves. The transaction is expected to close in H1 2026, subject to the satisfaction of such conditions.

Coeur is a US-based, well-diversified, precious metals mining company that operates five mines located in North America.