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Why Is New Gold Stock Soaring Monday? - Coeur Mining (NYSE:CDE), New Gold (AMEX:NGD)
Benzinga·2025-11-03 20:39

Coeur Mining, Inc. (NYSE:CDE) announced on Monday that it will acquire New Gold Inc. (AMEX:NGD) in an all-stock transaction valued at approximately 7billion.ThetransactioncreatesanewNorthAmericanseniorpreciousmetalsproducerwithamarketcapofaround7 billion.The transaction creates a new North American senior precious metals producer with a market cap of around 20 billion. The boards have unanimously approved the agreement."This transaction provides clear and compelling benefits for New Gold and Coeur shareholders by bringing together two companies with similar cultures to create a stronger, more resilie ...