Moody’s reviews Coeur, New Gold ratings after $7 billion merger deal By Investing.com
Update: 2025-11-04
Description
Moody's Ratings places Coeur Mining and New Gold Incorporated under review for potential credit rating upgrades following their $7 billion all-equity merger agreement. The combined entity is expected to become a larger, more diversified North American mining powerhouse with seven operating mines across Canada and the US. The merger, set to finalize in the first half of 2026, could generate substantial earnings and strong free cash flow, given current commodity prices. Moody's will conclude the review once the transaction is complete and the combined company's capital structure is clear.
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