Coeur Mining Shareholders Approve Merger Amid Sector Volatility

Coeur Mining has secured a pivotal mandate from its investors this week, clearing a major path forward for its corporate strategy. Shareholders of both Coeur and New Gold voted overwhelmingly in favor of a proposed all-stock merger. However, this significant corporate development was temporarily overshadowed in the trading arena by a sharp sell-off across the precious metals complex.

The fundamental corporate milestone was reached on Tuesday. Investors from both mining companies gave their resounding approval for the acquisition plan. The shareholder vote was decisive: more than 96% of the votes cast by Coeur’s stockholders were in favor of issuing the new shares necessary to complete the transaction. Support was even stronger on the other side, with New Gold’s shareholders backing the deal with a majority exceeding 99%.

This outcome removes one of the largest obstacles for the combination, which had previously received recommendations from influential proxy advisory firms ISS and Glass Lewis. Management anticipates the transaction could be finalized in the first half of 2026, pending the receipt of remaining regulatory approvals and a court sanction.

Precious Metals Sell-Off Dampens Short-Term Sentiment

Despite the newfound strategic clarity, Coeur’s share price faced downward pressure during yesterday’s session. The cause was not company-specific but rather a broad-based correction in commodity markets. After gold prices recently touched record highs near $5,600 per ounce, substantial profit-taking ensued. Silver followed a similar downward trajectory.

Should investors sell immediately? Or is it worth buying Coeur Mining?

As a mining operator, Coeur’s equity is highly correlated with precious metal price movements, making it sensitive to volatility in the spot market. These broader market dynamics temporarily eclipsed the positive merger news. Nevertheless, the stock remains up more than 45% year-to-date, closing Thursday’s session at $25.53.

The Path to Integration

With the shareholder vote successfully concluded, investor focus now shifts to operational execution. The merger aims to create a larger, more diversified producer. New Gold brings to the table an annual production profile of over 350,000 ounces of gold and approximately 50 million pounds of copper—volumes set to significantly alter Coeur’s profile post-integration.

Market participants will now watch closely to see if gold and silver prices can stabilize following the recent sharp correction. Additionally, upcoming quarterly financial results will provide a final detailed look at each company’s standalone operational performance before attention turns fully to closing the merger in the first half of 2026.