Coeur Mining Closes New Gold Deal As Valuation Gap Draws Focus
Coeur Mining has completed its acquisition of TSX:NGD, with the transaction now closed. New Gold has been delisted from the TSX and NYSE American as a result of the deal. Former New Gold shareholders are set to receive Coeur shares in exchange for their holdings. Coeur plans to provide further details on integration, guidance, and reserves for New Afton and Rainy River. For investors who followed TSX:NGD as a stand alone mid tier gold producer, this marks a major change. The company is now...
Coeur Mining has completed its acquisition of TSX:NGD, with the transaction now closed. New Gold has been delisted from the TSX and NYSE American as a result of the deal. Former New Gold shareholders are set to receive Coeur shares in exchange for their holdings. Coeur plans to provide further details on integration, guidance, and reserves for New Afton and Rainy River. For investors who followed TSX:NGD as a stand alone mid tier gold producer, this marks a major change. The company is now...