Shareholder Approval Paves Way for Major North American Precious Metals Merger

Coeur Mining US1921085049

A landmark merger between two mining companies is now one step closer to completion following decisive shareholder votes. On January 27, 2026, investors in both Coeur Mining and New Gold Inc. overwhelmingly approved the proposed combination, setting the stage for the creation of a leading North American gold and silver producer.

The shareholder meetings yielded a clear mandate. An extraordinary 99.22% of New Gold's voting shareholders cast ballots in favor of the transaction. Out of nearly 480 million votes tallied, only 3.7 million were opposed. In a separate special meeting, Coeur Mining's shareholders also provided the necessary approvals for all related resolutions.

Under the agreed terms, New Gold stockholders will receive 0.4959 shares of Coeur Mining for each share they own. Upon the deal's finalization, existing Coeur shareholders are expected to hold approximately 62% of the combined entity, with former New Gold investors owning the remaining 38%.

Final Hurdles Remain

While shareholder consent is secured, a few procedural steps are still pending before the merger can be finalized. The transaction awaits a final order from the Supreme Court of British Columbia. Furthermore, necessary regulatory clearances and the satisfaction of other customary closing conditions are required. Both companies anticipate completing the merger in the first half of 2026.

A Combined Portfolio of Seven Mines

The merged company will operate a portfolio of seven active mines. Coeur Mining contributes five wholly-owned assets: the Las Chispas silver-gold mine in Mexico, the Palmarejo complex also in Mexico, the Rochester operation in Nevada, the Kensington mine in Alaska, and the Wharf mine in South Dakota. New Gold adds two key Canadian assets: the New Afton copper-gold mine and the Rainy River gold mine.

Upcoming Financial Disclosure

Investors can expect further insights into Coeur Mining's standalone performance soon. The company is scheduled to release its fourth-quarter and full-year 2025 financial results on February 18, 2026. A conference call with analysts to discuss these figures will be held the following day.