New Gold to Merge with Coeur

Davies is acting for New Gold Inc. in its US$7-billion merger with Coeur Mining, Inc., creating a 100% North American precious metals producer with seven operating mines. The transaction will proceed as a plan of arrangement whereby Coeur will acquire all of the issued and outstanding shares of New Gold in exchange for shares of Coeur and is expected to close in first half of 2026, subject to customary closing conditions.

The Davies team advising on the transaction includes Richard Fridman, Aaron Atkinson, Yevgeniya Huggins, Evan Stein and Meaghan Kenley (Public M&A); Jim Dinning and William Rooney (Competition); Sarah Powell and Robyn Barabash (Environment); Steven Willard (Real Estate); Chris Anderson and Ian Caines (Tax); Scott Hyman and Stephen Dalby (Banking); and Shari Cohen (Employment).