A $7 Billion Merger Stuns Investors as Coeur Mining Shares Tumble

In a move set to reshape the North American precious metals landscape, U.S.-based gold producer Coeur Mining has unveiled plans to acquire Canadian rival New Gold in a monumental transaction valued at $7 billion. Despite the strategic ambition behind the deal—one of the largest in the mining sector this year—the announcement was met with a severe sell-off. Coeur’s stock plummeted more than 11%, reflecting deep investor apprehension about the proposed merger intended to create an industry titan.

The market’s negative reaction stands in stark contrast to the corporate vision. The all-stock agreement stipulates that New Gold shareholders will receive 0.4959 Coeur shares for each of their holdings. This Read more...