Shareholder Approval Paves Way for Coeur Mining and New Gold Merger

Coeur Mining US1921085049

A significant consolidation within the North American precious metals sector has moved decisively forward. Shareholders of both Coeur Mining and New Gold have delivered overwhelming support for a proposed merger, clearing what was considered the most critical hurdle. The deal aims to forge a new industry leader by combining the two companies' portfolios.

The merger will be executed as a stock-for-stock transaction. Under the agreed terms, New Gold shareholders will receive 0.4959 Coeur Mining shares for each of their existing shares. Upon completion, current Coeur equity holders are expected to own approximately 62% of the combined entity, with former New Gold investors holding the remaining 38%.

Strategically, the union creates a company with a broad North American operational footprint. Coeur's existing assets in the United States and Mexico, which include the Las Chispas and Rochester mines, will be complemented by New Gold's Canadian operations. These comprise the New Afton copper-gold mine and the Rainy River gold mine, diversifying the combined company's geographic and mineral base.

Overwhelming Investor Mandate

The level of investor endorsement was notably strong, exceeding support seen in many comparable acquisitions. During extraordinary meetings held on January 27, 2026, New Gold shareholders voted 99.22% in favor of the deal. Consensus was also clear on the buyer's side: over 96% of votes represented at Coeur Mining's meeting approved the necessary issuance of new shares and an increase in the authorized share capital to 1.3 billion shares.

The market has recently rewarded these expansion plans. Since the beginning of the year, Coeur's share price has advanced more than 48%, trading within striking distance of its 52-week high.

Final Hurdles and Upcoming Financial Disclosure

While the crucial shareholder vote is now complete, the transaction is not yet formally finalized. Remaining steps include final approval from the Supreme Court of British Columbia and necessary regulatory clearances. Both companies maintain their expectation that the deal will close in the first half of 2026.

For the investment community, the focus now shifts to February 18, 2026. After market close on that date, Coeur Mining is scheduled to release its financial results for the fourth quarter and full year 2025. This disclosure will provide concrete insights into the company's financial health as it approaches the impending integration.

@ boerse-global.de | US1921085049 SHAREHOLDER