U.S.-based Coeur Mining has completed its acquisition of New Gold in accordance with the definitive agreement previously announced on November 3, 2025. Under the terms of the agreement, Coeur acquired all of the outstanding common shares of New Gold, with New Gold shareholders receiving 0.4959 shares of Coeur common stock for each New Gold common share, implying a total equity…
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One fatally injured at New Gold mine
Canadian-focused miner New Gold reported an employee was fatally injured on July 24 at its Rainy River mine in northwestern Ontario. The employee was operating a piece of equipment in the open pit when accident occurred.
Read MoreSandvik wins New Gold equipment order
Sandvik will be providing a New Gold operation in British Columbia with a US$13.1 million (SEK135 million) order that is, in part, for new battery-electric mining equipment. The purchase from New Gold is for its New Afton underground gold-copper operation. New Afton, an early adopter of BEVs, trialed a Sandvik LH518 loader during more than two years in operation. The…
Read MoreNew Gold appoints Godin COO
Toronto-based New Gold has selected former Pretium executive Patrick Godin to serve as its chief operating officer. Godin, a 30-year mining industry veteran, will assume his seat on May 2. He was vice president and COO for Pretium from 2020 until the company’s sale to Newcrest earlier this year. During his career, he was also in charge of operations at…
Read MoreGold Mountain delivers first ore to New Gold
Gold Mountain confirmed it has completed its first ore delivery to New Gold’s New Afton mine in British Columbia.
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