Is the CDE/NGD Merger Any Good? We Comment!

Coeur Mining (CDE) is acquiring New Gold (NGD) in a $7 billion all-stock merger that will create a new, all-North American senior precious metals producer. Under the terms of the deal, New Gold shareholders will receive 0.4959 shares of Coeur stock for each New Gold share they own. Upon completion, existing Coeur shareholders will own approximately 62% of the combined company, while New Gold shareholders will hold about 38%. The transaction is expected to close in the first half of 2026, pending shareholder approvals.

• Companies involved: Coeur Mining (CDE) is acquiring New Gold (NGD).

• Deal type: The merger is an all-stock transaction with a total value of approximately $7 billion.

• Exchange ratio: New Gold shareholders will receive 0.4959 shares of Coeur common stock.

Further reading:

[1] https://www.coeur.com/investors/news/news-details/2025/Coeur-Announces-Acquisition-of-New-Gold-to-Create-a-New-All-North-American-Senior-Precious-Metals-Producer/default.aspx

[2] https://www.prnewswire.com/news-releases/coeur-announces-acquisition-of-new-gold-to-create-a-new-all-north-american-senior-precious-metals-producer-302602341.html

[3] https://www.businesswire.com/news/home/20251103107132/en/Coeur-Announces-Acquisition-of-New-Gold-to-Create-a-New-All-North-American-Senior-Precious-Metals-Producer

[4] https://finance.yahoo.com/news/coeur-mining-stock-drops-7-142429912.html

[5] https://www.gurufocus.com/news/3177438/coeur-mining-cde-to-acquire-new-gold-ngd-in-7-billion-allstock-deal

[6] https://www.insidearbitrage.com/2025/11/coeur-mining-to-acquire-new-gold-in-an-all-stock-7-billion-deal/