Coeur Mining (CDE) Company Report

Coeur Mining held a special meeting of stockholders on January 27, 2026, where two key proposals were approved.
Stockholders approved an amendment to increase the number of authorized shares of common stock from 900 million to 1.3 billion.
The issuance of Coeur common stock to New Gold shareholders in connection with an arrangement was also approved.
Following the combination with New Gold, the company's overall metals mix will be approximately 70% gold, 20% silver, and 10% copper.

Jan 27, 2026, 4:00 PM

Transcript

Coeur Mining Stockholders Approve Share Increase and New Gold Arrangement

CDE

M&A

Proxy Vote Outcomes

New Projects/Investments

Coeur Mining held a Special Meeting of Stockholders, with a quorum present representing approximately 70% of the total shares outstanding.
Stockholders approved proposals to increase the number of authorized shares of common stock from 900 million to 1.3 billion shares and to approve the issuance of Coeur common stock to New Gold shareholders in connection with an arrangement.
The company plans to release the final vote results to the public no later than February 2nd, 2026.
Following the combination with New Gold, the company's seven operations are expected to have an overall metals mix of about 70% gold, 20% silver, and 10% copper.

Jan 27, 2026, 4:00 PM

Transcript

Coeur Mining Stockholders Preliminarily Approve Share Increase and New Gold Issuance

CDE

M&A

Proxy Vote Outcomes

Coeur Mining held a special stockholders meeting on January 27, 2026, where stockholders preliminarily approved two key proposals.
The first approved proposal is an amendment to increase the authorized shares of common stock from 900 million to 1.3 billion shares.
The second approved proposal is the issuance of Coeur common stock to New Gold shareholders in connection with an arrangement.
Final vote results are expected to be released to the public no later than February 2, 2026.
Following the combination with New Gold, Coeur's overall metals mix is anticipated to be approximately 70% gold, 20% silver, and 10% copper.

Jan 27, 2026, 4:00 PM

Transcript

Coeur Mining to Acquire New Gold

CDE

M&A

Guidance Update

Coeur Mining, Inc. (CDE) has entered into a definitive agreement to acquire all of the issued and outstanding shares of New Gold Inc. (NGD).
Under the terms of the agreement, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share, implying consideration of $8.51 per New Gold common share based on Coeur's closing price on October 31, 2025. This represents a 16% premium to New Gold's closing price on the NYSE American on October 31, 2025.
The transaction implies a total equity value of approximately $7 billion for New Gold, resulting in a pro forma combined equity market capitalization of approximately $20 billion.
The combined company is expected to generate approximately $3.0 billion of EBITDA and approximately $2.0 billion of free cash flow in 2026, a material increase from Coeur's expected 2025 figures of approximately $1 billion EBITDA and $550 million free cash flow.

Nov 3, 2025, 10:30 PM

8-K

Coeur Mining to Acquire New Gold

CDE

M&A

New Projects/Investments

Guidance Update

Coeur Mining announced it will acquire all outstanding common shares of New Gold via a plan of arrangement, with New Gold shareholders receiving 0.4959 Coeur shares for each New Gold share. This implies a total equity value of approximately $7 billion and represents a 16% premium based on New Gold's closing share price last Friday.
The transaction is expected to create the industry's only all-North American senior precious metals mining company, resulting in a $20 billion US-based precious metals producer.
The combined company is projected to achieve approximately $3 billion in EBITDA and $2 billion in free cash flow in 2026.
Combined production for 2026 is expected to be approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper, or approximately 1.25 million gold-equivalent ounces. Over 80% of the combined company's 2026 revenue will be generated from U.S. and Canadian operations.
The transaction is expected to close in the first half of 2026.

Nov 3, 2025, 1:00 PM

Transcript

Coeur Mining Announces Acquisition of New Gold

CDE

M&A

New Projects/Investments

Guidance Update

Coeur Mining announced its acquisition of New Gold on November 3, 2025.
The transaction has an equity value of approximately $7 billion and implies a 16% premium for New Gold shareholders based on its closing share price on October 31, 2025. New Gold shareholders will receive 0.4959 of a Coeur share for each New Gold share held.
Upon closing, Coeur and New Gold shareholders are expected to own approximately 62% and 38% of the combined company, respectively. The combined entity is projected to have an approximate $20 billion market capitalization.
The combined company is expected to generate approximately $3.0 billion of EBITDA and $2.0 billion of free cash flow in 2026. It is also expected to produce approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper.
The acquisition creates an "All North American Senior Precious Metals Producer" with seven high-quality North American operations.

Nov 3, 2025, 1:00 PM

Presentation

Coeur Mining announces acquisition of New Gold

CDE

M&A

Guidance Update

New Projects/Investments

Coeur Mining (CDE) announced the acquisition of New Gold via a plan of arrangement, with New Gold shareholders receiving 0.4959 Coeur shares for each New Gold share, implying a total equity value of approximately $7 billion and representing a 16% premium based on New Gold's closing share price last Friday.
The combined company is expected to be a $20 billion U.S.-based precious metals producer, ranking among the world's top 10 largest precious metals companies and remaining a top five global silver producer. Over 80% of its 2026 revenue is projected to come from U.S. and Canadian operations.
The transaction is anticipated to result in 2026 EBITDA of approximately $3 billion and free cash flow of approximately $2 billion, leading to a net cash position at closing and approximately 40% free cash flow per share accretion for Coeur stockholders.
Combined production for next year (2026) is expected to be approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million lbs of copper, totaling approximately 1.25 million gold-equivalent ounces.
Shareholder meetings are expected in the first quarter of next year, with the transaction anticipated to close in the first half of 2026, subject to customary deal protections, stock exchange, and regulatory approvals.

Nov 3, 2025, 1:00 PM

Transcript

Coeur Announces Acquisition of New Gold

CDE

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Coeur (CDE) announced the acquisition of all outstanding common shares of New Gold, with New Gold shareholders set to receive 0.4959 Coeur shares for each New Gold share. This implies a total equity value of approximately $7 billion and represents a 16% premium based on New Gold's closing share price last Friday.
Upon completion, existing Coeur and New Gold shareholders will own approximately 62% and 38% of the combined company, respectively. The transaction requires 66 2/3% shareholder approval from New Gold and majority approval from Coeur stockholders, with shareholder meetings expected in the first quarter of next year and closing anticipated in the first half of 2026.
The combined entity is projected to be a $20 billion US-based precious metals producer, positioning it among the world's top 10 largest and maintaining its status as a top five global silver producer.
For 2026, the combined company is expected to achieve approximately $3 billion in EBITDA and $2 billion in free cash flow. Production is anticipated to be around 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper, or approximately 1.25 million gold-equivalent ounces.
The transaction is expected to be per share accretive for Coeur stockholders across all key metrics, including approximately 40% free cash flow per share accretion. Over 80% of the combined company's 2026 revenue will be generated from U.S. and Canadian operations.

Nov 3, 2025, 1:00 PM

Transcript

Coeur Mining to Acquire New Gold

CDE

M&A

Takeover Bid

New Projects/Investments

Coeur Mining Inc. has agreed to acquire Canadian miner New Gold Inc. in an all-stock deal valued at approximately $7 billion.
New Gold shareholders will receive 0.4959 shares of Coeur for each share they own, implying a consideration of $8.51 per New Gold common share.
The combined company is expected to produce approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper in 2026 from seven North American operations.
Coeur stockholders will hold about 62% of the combined entity, with New Gold shareholders owning roughly 38%.

Nov 3, 2025, 11:34 AM

Bloomberg

Coeur Mining to Acquire New Gold

CDE

M&A

Takeover Bid

Coeur Mining, Inc. (NYSE: CDE) has entered into a definitive agreement to acquire New Gold Inc. (TSX: NGD; NYSE American: NGD), with New Gold shareholders receiving 0.4959 shares of Coeur common stock for each New Gold common share. This represents a 16% premium to New Gold's closing price on October 31, 2025, and implies a total equity value of approximately $7 billion for New Gold.
The combined company is projected to have an equity market capitalization of approximately $20 billion and is expected to generate approximately $3 billion of EBITDA and $2 billion of free cash flow in 2026.
The acquisition will create a new, all North American senior precious metals producer with seven operations, expected to produce approximately 20 million ounces of silver, 900,000 ounces of gold, and 100 million pounds of copper in 2026.
Upon completion, existing Coeur stockholders will own approximately 62% and New Gold shareholders will own approximately 38% of the outstanding common stock of the combined company.
The transaction is expected to close in H1 2026, subject to regulatory and shareholder approvals.