Coeur Mining Shareholders Face Pivotal Vote on New Gold Acquisition

Coeur Mining US1921085049

Shareholders of Coeur Mining are set to cast their votes on January 27, 2026, in a decision that could fundamentally reshape the precious metals producer through its proposed acquisition of New Gold. The stock currently trades near its 52-week high, propelled by a sector rally, though recent lawsuits have introduced uncertainty ahead of the critical meeting.

Influential proxy advisory firms have given their support to the transaction. Glass Lewis, in a January 19 statement, concluded the deal follows "sound strategic logic," arguing it would create a larger entity with enhanced production, greater market capitalization, and improved liquidity. The firm also noted the increased potential for inclusion in major US indices. This endorsement followed a similar "yes" recommendation from Institutional Shareholder Services (ISS) on January 13.

The combined company would emerge as a purely North American-focused precious metals miner, operating seven mines across the United States, Canada, and Mexico. Management forecasts for 2026 project annual production of approximately 900,000 ounces of gold and 20 million ounces of silver. The deal is expected to generate an EBITDA of around $3 billion and a free cash flow of $2 billion.

Key Transaction Terms:

• Exchange Ratio: 0.4959 Coeur shares for each New Gold share
• Ownership Stake for Existing Coeur Shareholders: 62%
• Ownership Stake for New Gold Shareholders: 38%
• Vote Schedule: January 27, 2026, at 10:00 AM Central Time

Legal Challenges Emerge as a Complication

Despite the favorable guidance from advisors, the process has been clouded by two separate shareholder lawsuits filed in New York on January 6 and January 8. The legal actions challenge the terms of the merger agreement. While specific allegations were not disclosed, such litigation is a common feature of large-scale corporate transactions. The supportive stance of ISS and Glass Lewis suggests that institutional investors likely view the deal's structure as reasonable.

Precious Metals Boom Fuels Share Performance

Coeur Mining's equity has demonstrated exceptional strength over the past year, surging roughly 240 percent. This performance is attributed to robust operational results coupled with a significant uptrend in precious metals prices. With a gross margin hovering near 50 percent, the company is positioned to benefit disproportionately from rising gold and silver prices.

Looking beyond the shareholder vote, Coeur Mining is scheduled to release its fourth-quarter and full-year 2025 financial results on February 18, 2026. An analyst conference call will follow the next day. By that time, the fate of the merger will be known, determining whether Coeur Mining transforms into a new North American industry leader.