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Benzinga
Benzinga
Business
Stjepan Kalinic

MYSTERIOUS: Coeur mining s 7 billion deal for new gold creates 20 billion powerhouse - You Need To See This

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.

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