About this episode
Coeur Mining (NYSE: CDE) President & CEO Mitch Krebs says the company’s acquisition of New Gold marks a transformational step, accelerating Coeur into a larger, more resilient North American silver, gold, and copper producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Krebs said the deal builds on last year’s SilverCrest acquisition and moves Coeur into a new peer group with roughly $25 billion in market capitalization, more than $3 billion in EBITDA, and over $2 billion in projected free cash flow on a pro forma basis.The combined company is expected to produce approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper annually, while lowering overall costs by close to 20%. Krebs said the transaction strengthens the balance sheet, supports potential investment-grade metrics, and opens the door to broader institutional ownership, including eligibility for major U.S. equity indexes. “It’s a massive leap forward,” he said, describing the acquisition as positioning Coeur to perform through commodity cycles while maintaining its silver-dominant profile and expanding capital return options post-closing.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, First Majestic Silver. To learn more, visit https://firstmajestic.com/00:43 - Why Coeur Is Acquiring New Gold Now02:52 - “It’s a Massive Leap Forward”04:23 - Building Scale and Through-Cycle Resilience05:25 - Costs, Cash Flow, and Investment-Grade Balance Sheet07:23 - Exploration Growth and Capital Return Strategy09:18 - Investor Interest Surges at BMO Conference10:27 - Seven-Asset Portfolio and Integration Focus11:27 - 2026 Milestones Including Silver Tip Project__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those
