Coeur to acquire New Gold for $7bn.

Coeur, a growing precious metals producer with five wholly-owned operations, agreed to acquire New Gold, an intermediate gold mining company, for $7bn. "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 resilient, and larger scale precious metals mining company," Mitchell J. Krebs, Coeur CEO.