Coeur Mining completes its New Gold acquisition

New Gold holders received 0.4959 Coeur shares each, a 16% premium at announcement and about $7bn of equity value. They now own about 38% of the enlarged Coeur.

Why it matters. An all-share deal lets both shareholder bases keep their precious-metals exposure, and New Afton adds copper to Coeur’s output.

Source

Coeur Mining

In the course

Module 9: The M&A process