Coeur Mining has entered into a definitive agreement to acquire all shares of New Gold. New Gold shareholders will receive 0.4959 Coeur shares per share, implying a total equity value of approximately $7 billion.
Cementation Americas will deploy a Caterpillar R2900 XE diesel-electric loader at New Gold's Rainy River project in Ontario, Canada. The loader has a 335 kW engine and 18.5-tonne capacity.
New Gold ordered four Sandvik LH518B battery-electric loaders for its New Afton mine in British Columbia, valued at $13 million. The first unit is expected to be delivered in 2023, with remaining units by 2025.
Sandvik received a SEK 135 million order from Canadian gold miner New Gold for four battery-electric Sandvik LH518B loaders for the New Afton mine in British Columbia.