The proposed acquisition of New Gold by Coeur Mining has achieved a pivotal milestone, moving the transaction significantly closer to completion. A court in British Columbia has granted its final approval, removing a key obstacle. However, the deal remains conditional on obtaining the final regulatory clearances.
Shareholder Support and Judicial Approval
The Supreme Court of British Columbia issued its final order approving the “Plan of Arrangement” on January 30, 2026. This judicial green light followed overwhelming support from shareholders of both mining companies.
New Gold’s stockholders voted decisively in favor of the transaction on January 27, with 99.22% casting approval votes. In a concurrent meeting, Coeur Mining’s shareholders also passed all necessary resolutions related to the deal.
The terms stipulate that New Gold shareholders will receive 0.4959 Coeur Mining shares for each share of New Gold they hold. Upon completion, existing Coeur shareholders are expected to own approximately 62% of the combined entity, with former New Gold shareholders holding the remaining 38%.
Remaining Conditions and Timeline
Despite the court’s order, the acquisition is not yet finalized. Outstanding conditions include approval under Canada’s Investment Canada Act, alongside other customary closing requirements.
Should investors sell immediately? Or is it worth buying Coeur Mining?
Both companies officially anticipate closing the transaction in the first half of 2026. This timeline underscores the importance of the pending approvals; only after these final steps will the announced “significant combination” become a fully executed merger.
Key Deal Details:
* Final Court Approval: January 30, 2026
* New Gold Shareholder Approval: 99.22% (January 27, 2026)
* Exchange Ratio: 0.4959 Coeur shares per New Gold share
* Key Pending Approval: Investment Canada Act
* Projected Closing: First half of 2026
Upcoming Financial Results
Amid the ongoing merger preparations, Coeur Mining has scheduled its next key corporate event. The company will announce its fourth-quarter and full-year 2025 financial results after the market closes on Wednesday, February 18, 2026. A conference call with management is set for the following day, Thursday, February 19.
In today’s trading session, Coeur’s stock edged slightly lower, closing at $22.02, down 0.32%. The next major catalysts for the share price are likely to stem from two developments: progress on securing the final regulatory approvals and the upcoming quarterly earnings report on February 18.
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