Overview
- New Gold shareholders will receive 0.4959 Coeur shares per share, implying $8.51 per New Gold share and an ownership split of roughly 62% Coeur and 38% New Gold.
- The combined producer targets 2026 output of about 900,000 ounces of gold, 20 million ounces of silver, and 100 million pounds of copper with projected EBITDA of $3 billion and free cash flow of $2 billion.
- The portfolio spans the U.S., Canada, and Mexico with more than 80% revenue from North America, including assets such as Rainy River, New Afton, and Coeur’s Silvertip project.
- Leadership changes are planned at closing, with New Gold CEO Patrick Godin joining Coeur’s board alongside another New Gold director.
- Shares diverged after the announcement, with New Gold up about 10% and Coeur lower, including a decline of roughly 12% later in the day.