Coeur and New Gold: a $7 Billion Deal Shapes the North American Precious Metals Champion

Coeur acquires New Gold for $7 billion, leveraging the gold bull market for further expansion in North America 40% drop in less than a month now offers an attractive valuation with a P/E ratio of 12.9 With the acquisition of New Gold (NGD) for approximately $7 billion in stock, Coeur Mining (CDE) is restructuring its business profile: Two mid-sized producers are transforming into a purely North American precious metals player with seven active operations and significantly more economies of scale, diversification, and capital market...