M&A
confidence high
sentiment neutral
materiality 0.85
Coeur Mining, Inc. (CDE): M&A transaction — Coeur Mining completes $6.9B acquisition of New Gold; pro forma revenue $3.6B
Coeur Mining, Inc.
- Acquired all New Gold shares on March 20, 2026, for 392.7M Coeur shares at $17.67/share, total value $6.9B.
- Pro forma combined revenue $3.618B for FY2025; Coeur standalone $2.125B, New Gold $1.476B.
- Pro forma net income $78.7M, diluted EPS $0.08; reflects large amortization and fair-value charges.
- Preliminary purchase-price allocation assigns $9.6B to mining properties and $2.8B to deferred tax liabilities.
- Coeur issued 392.7M new shares; total pro forma shares outstanding 1.035B.