Coeur Mining Expects New Gold Deal Closure by End-Q1, Targets $3B EBITDA
Coeur Mining expects its New Gold acquisition to close by end Q1, with updated SK-1300 technical reports for New Afton’s C-Zone and Rainy River filed upon closing. Management projects the combined company to generate $3 billion EBITDA and $2 billion free cash flow on a full-year run-rate.
1. Transaction Timeline
Coeur Mining plans to complete its acquisition of New Gold by the end of Q1, with management noting the transaction remains on track and expects an active news flow around the deal prior to closing.
2. Technical Report Updates
Upon closing, Coeur will file SK-1300 technical reports for New Afton’s C-Zone and Rainy River, providing maiden resource estimates for the C-Zone and updated project economics for both assets.
3. Combined Financial Outlook
The combined company is forecast to generate $3 billion of EBITDA and $2 billion of free cash flow on a full-year run-rate based on consensus commodity prices.
4. Post-Closing Guidance and Priorities
Coeur intends to release updated combined-company guidance and capital allocation priorities following deal completion, including revised production targets and return-of-capital plans.