Coeur Mining Acquisition of New Gold Nears Finalization

Coeur Mining US1921085049

The proposed merger between Coeur Mining and New Gold Inc. is advancing toward completion. With key approvals now secured, the transaction could be finalized within the coming weeks, pending the satisfaction of a few remaining regulatory conditions.

The path forward was cleared following separate shareholder meetings held on January 27, 2026. New Gold’s investors voted overwhelmingly in favor of the deal, with 99.22 percent supporting the merger. Coeur Mining’s shareholders similarly approved the necessary resolutions without significant opposition.

Subsequently, the Supreme Court of British Columbia granted its final approval to the arrangement on January 30, 2026.

Terms and Post-Merger Ownership Structure

The exchange ratio for the all-stock transaction is fixed. New Gold shareholders will receive 0.4959 shares of Coeur Mining for each share of New Gold they hold.

Upon closing, current Coeur Mining equity holders will own approximately 62 percent of the combined entity. The remaining 38 percent will be held by former New Gold investors.

Final Regulatory Steps and Strategic Rationale

Although shareholder and court consents are in place, the acquisition is not yet formally complete. Coeur Mining awaits final regulatory clearances, including a review under Canada’s Investment Canada Act. Company leadership continues to target a closing date in the first half of 2026.

The merger is designed to unite complementary asset portfolios. New Gold contributes its Canadian copper-gold New Afton mine and the Rainy River gold operation. These will join Coeur’s five existing production sites located across the United States and Mexico.

Upcoming Financial Reporting

Coeur Mining is scheduled to release its fourth-quarter and full-year 2025 financial results after the market closes on February 18, 2026. An analyst conference call will follow the next day, February 19, at 11:00 a.m. Eastern Time.

Market participants will likely focus on any commentary regarding the integration timeline for the New Gold assets and the specific synergy targets management anticipates from the combined company.