Shareholders Clear Path for Coeur Mining’s Transformative Merger

A landmark consolidation within the precious metals sector has received decisive shareholder approval, setting the stage for the creation of a major new North American mining entity. Investors in Coeur Mining have overwhelmingly voted in favor of the company’s proposed merger with New Gold, a move that will dramatically expand its operational footprint.

The shareholder vote delivered a powerful endorsement of management’s strategic vision. More than 96% of the votes cast at the meeting approved the necessary increase to Coeur’s authorized share capital and the issuance of new stock to New Gold’s investors. In a parallel vote, New Gold’s own shareholders also gave their resounding consent, with over 99% backing the transaction.

This share-based merger will result in a significant shift in ownership. Upon completion, existing Coeur Mining shareholders will hold approximately 62% of the combined company, with former New Gold investors owning the remaining 38%. The exchange ratio has been fixed at 0.4959 Coeur shares for each New Gold share.

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

Market Applauds Expansion Logic

The strategic rationale for the union centers on forging a leading precious metals producer with a concentrated focus on North America. By integrating New Gold’s Canadian assets—specifically the copper-gold New Afton mine and the gold-focused Rainy River operation—Coeur will complement its existing portfolio of five mines across the United States and Mexico. Market experts highlight the potential for meaningful economies of scale and enhanced geographic diversification within stable, mining-friendly jurisdictions.

The market has rewarded this expansion strategy. Coeur’s stock recently reached a new 52-week high of $26.61, continuing an impressive rally that has seen its shares surge more than 340% over the past twelve months.

Final Steps Toward Completion

While the critical shareholder hurdle has been cleared, the formal completion of the merger remains pending. The transaction is scheduled to be finalized in the first half of 2026. The remaining prerequisites are now limited to receiving approval from the Supreme Court of British Columbia and satisfying customary regulatory closing conditions.