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News  ›  Benzinga

Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Benzinga Logo Benzinga By Stjepan Kalinic
Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Coeur Mining announced an all-stock acquisition of New Gold for $7 billion, creating a $20 billion North American precious metals producer with seven mines across the U.S., Canada, and Mexico.

Insights
JNJ   neutral

Maintaining diverse portfolio across pharmaceuticals, medical devices, and consumer health with steady new therapy developments


CDE   positive

Company will own 62% of combined entity, expects $3 billion EBITDA and $2 billion free cash flow by 2026, creating a larger-scale mining powerhouse