It’s the time of year to come together and celebrate, and Coeur Mining’s recent announcement is cause for celebration: in early November, Coeur Mining announced its acquisition of New Gold to form one of the world’s largest precious metals mining operations across Canada, the U.S. and Mexico, subject to customary regulatory and shareholder approvals. The combined company is expected to produce approximately 20 million ounces of silver, 900 thousand ounces of gold and 100 million pounds of copper annually—and a significant opportunity in supporting strategic mineral supply chains.
Precious metals are worth more to the supply chain than jewelry: gold and silver are used in electronics, solar panels and medical applications, and copper is essential to construction, electronics and transportation industries. By supplying commodities for various industries, Coeur Mining positioning itself as a leading supplier for modern U.S. industries.