Coeur Mining’s Acquisition of New Gold Creates North American Mining Powerhouse: Shareholders To Vote on Transformative Deal

New Share Structure Gives Former New Gold Investors Nearly 38% in Combined Company

Coeur Mining (NYSE:CDE) has announced its intention to acquire all outstanding shares of New Gold (NYSE:NGD, TSX:NGD) in a deal that will give New Gold shareholders 0.4959 shares of Coeur for each share held. Upon closing, former New Gold shareholders will collectively own approximately 38% of the combined company, reflecting a significant stake in one of North America’s emerging mining giants. The shareholder vote is set for January 27, 2026, at a special meeting, with both management teams recommending approval.

Combined Mining Entity Emerges Among Sector Leaders for Gold and Silver Output

The transaction forms a pro forma company with an estimated $20 billion equity market cap, placing it among the top ten global precious metals miners and the top five silver producers. In 2026, production is anticipated to reach around 1.25 million gold-equivalent ounces, comprising approximately 900,000 ounces of gold, 20 million ounces of silver, and 100 million pounds of copper. Over 80% of revenue is projected to come from Canada and the U.S.—a notable level of concentration in jurisdictions seen as stable and low-risk by investors.

Financial Profile Signals Potential for Re-Rating, Higher Shareholder Returns

The combined company is expected to start with a net cash position and rapid cash balance growth, which could facilitate a move toward investment-grade credit and higher capital returns. With significantly enhanced daily trading liquidity via NYSE and TSX listings and a diversified asset base spanning seven high-quality operations, the merged entity is strategically positioned for future index inclusion and a valuation re-rating.

Broader Asset Diversification and Stronger Reserves Reduce Risk for Investors

For shareholders, this deal offers exposure to a balanced portfolio—moving beyond New Gold’s current two-mine focus (New Afton and Rainy River) into a resilient mix of gold and silver mines, with longer mine life expectations and reduced reliance on any single asset. About 30% of total mineral reserves will be in silver, providing additional commodity balance. The pro forma company’s board will also reflect this integration, giving two seats (including New Gold’s CEO) to representatives from New Gold.

Shareholder Approval and Regulatory Process Near Completion

The deal has already received a key interim court order in British Columbia and approval from the Canadian Competition Bureau. Both New Gold and Coeur Mining boards are urging shareholders to vote in favor, with voting instructions and proxy forms sent directly to all eligible investors (record date: December 17, 2025). A 2/3 majority is needed for approval at the meeting, and similar approvals must also be secured from Coeur shareholders for necessary corporate amendments.

With the transaction expected to close in the first half of 2026—pending final regulatory nods and court approval—investors in New Gold and Coeur face a major potential inflection point. The enhanced scale, substantial cash flow, and pro forma trading liquidity could unlock additional opportunities—but as with any merger of this scale, shareholder and market action in the run-up to the January vote will bear close watching.

Contact Information:

If you have feedback or concerns about the content, please feel free to reach out to us via email at support@marketchameleon.com.

About the Publisher - Marketchameleon.com:

Marketchameleon is a comprehensive financial research and analysis website specializing in stock and options markets. We leverage extensive data, models, and analytics to provide valuable insights into these markets. Our primary goal is to assist traders in identifying potential market developments and assessing potential risks and rewards.

NOTE: Stock and option trading involves risk that may not be suitable for all investors. Examples contained within this report are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This report is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither Market Chameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades. You can read more about option risks and characteristics at theocc.com.

The information is provided for informational purposes only and should not be construed as investment advice. All stock price information is provided and transmitted as received from independent third-party data sources. The Information should only be used as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments and trading strategies. The Company does not guarantee the accuracy, completeness or timeliness of the Information.

Disclosure: This article was generated with the assistance of AI