Coeur CEO says growth “already happening” after $7B New Gold deal

Coeur Mining chief executive Mitch Krebs says the company’s growth is “already happening,” driven by fully funded, near-term projects that will accelerate with its $7 billion all-stock acquisition of New Gold Inc.

The deal adds the Rainy River and New Afton mines in Canada, creating one of North America’s largest precious metals producers. Krebs says the merger gives Coeur an investment-grade balance sheet and the strength to return more cash to shareholders. MINING.COM’s Devan Murugan spoke to Krebs about the deal.