New Gold completes arrangement with Coeur Mining
Shareholders receive 0.4959 Coeur shares per New Gold share. Shares will delist from TSX and NYSE American.
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Intermediate gold mining company
newgold.comLast updated
In short: New Gold was acquired by Coeur Mining in a $7 billion deal, following a year of record production and the consolidation of the New Afton mine.
Shareholders receive 0.4959 Coeur shares per New Gold share. Shares will delist from TSX and NYSE American.
99.22% voted in favor. Transaction expected to close in first half of 2026.
Glass Lewis endorses the plan of arrangement where Coeur acquires New Gold shares. Shareholders urged to vote by January 23, 2026.
Consolidated gold production reaches 353,772 ounces and copper 50.1 million pounds, generating $532 million free cash flow. Operations at New Afton and Rainy River meet targets.
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