New Gold Inc. Overview
Pro stress-test →New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine. The company is being acquired by Coeur Mining, with the transaction creating a combined company generating expected $3 billion EBITDA and $2 billion free cash flow in 2026.
Strategic Profile
Pro stress-test →New Gold generated $532 million in free cash flow in 2025 with strong Q4 production meeting guidance. The acquisition is anticipated to close in the first half of 2026, subject to final court and regulatory approvals.
Competitive Landscape
Pro stress-test →The combined Coeur-New Gold entity will create a ~$20 billion market capitalization North American precious metals producer with seven high-quality operations. Major competitors in the sector include Newmont, Barrick Gold, and Agnico Eagle Mines. The merger positions the combined company as a significant player in North American precious metals production with geographic diversification.
Industry Context
New Gold Inc. operates in Precious Metals Mining (Gold, Silver, Copper).
Key facts
Headquarters: Toronto, Canada · Market cap: $9.03B USD