Shareholder Approval Paves Way for Coeur Mining’s Acquisition of New Gold

The path is now clear for Coeur Mining, Inc. to proceed with its planned acquisition of New Gold Inc., following resounding approval from shareholders of both companies. The near-unanimous votes provide the U.S. precious metals producer with the mandate to execute a transaction set to reshape the North American mining sector.

On January 27, 2026, New Gold's shareholders voted decisively in favor of the merger. That same day, Coeur Mining's investors also approved all necessary resolutions to advance the deal. The shareholder support was definitive, with an approval rate reaching 99.22 percent.

Under the agreed terms, New Gold shareholders will receive 0.4959 Coeur Mining shares for each share of New Gold they hold. Upon completion, pre-merger Coeur stockholders will own approximately 62 percent of the combined entity, with former New Gold investors holding the remaining 38 percent.

A Merger Forged from Financial Strength

Coeur Mining enters this significant consolidation from a position of robust financial health, as demonstrated by its record-setting third-quarter performance for 2025. The company reported:
* Revenue of $555 million.
* Record adjusted EBITDA of $299 million.
* Record free cash flow of $189 million.
* Gold production of 111,364 ounces.
* Silver production of 4.8 million ounces.
* Liquidity of $266 million, more than double the amount from the prior quarter.

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This period marked the company's fifth consecutive quarter of generating positive free cash flow. It also represented the sixth straight quarter of reporting a net profit under U.S. GAAP accounting standards.

Final Hurdles and Forward Look

While the crucial shareholder hurdle has been cleared, the transaction remains subject to final approval by the Supreme Court of British Columbia and the receipt of certain other regulatory clearances. Coeur Mining anticipates closing the acquisition in the first half of 2026.

The newly combined company will operate exclusively across North America, with assets spanning the United States, Canada, and Mexico. Market observers will be watching for further details on the integration strategy, likely to be addressed during Coeur's upcoming presentation at the TD Cowen Global Mining Conference and in its forthcoming full-year 2025 results announcement.