Drill and Deal

News / 2025

· Deals, Gold

Coeur Mining agrees to buy New Gold

New Gold holders were offered 0.4959 Coeur shares per share, valued at $8.51 or a 16% premium, implying about $7bn of equity value. The deal closed in March 2026.

The Rochester mill in Nevada around 1916, in the district Coeur mines today
Photo: BLM Nevada, public domain

Why it matters. Higher precious-metal prices made all-share consolidation attractive for mid-tier producers.

Source
Coeur Mining
In the course
Module 9: The M&A process