Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Merger,And,Acquisition,Business,Corporate,Cooperation,Company,Concept.,Ma,Partnership

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 $7 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.