Coeur Mining finds itself at the center of a powerful and rare convergence of favorable events. The planned acquisition of New Gold is entering its final stages just as the silver price advances toward the $70 per ounce threshold. This timing appears exceptionally advantageous, positioning the combined entity to emerge as a major force in the precious metals sector precisely when macroeconomic conditions are poised to significantly boost operational margins.
Institutional Confidence and Operational Momentum
The company’s strategic moves are attracting serious attention from major investors. In a notable show of confidence during Q3 2025, Voya Investment Management aggressively increased its stake by 246.5%, building a position exceeding 600,000 shares. This growing institutional interest aligns with Coeur’s strong operational performance.
The company recently reported a substantial year-over-year revenue surge of 76.9%, reaching over $554 million. A key driver behind this growth is the successful expansion of the Rochester mine, which saw its production volume increase by 80% in the second quarter alone. This fundamental strength has been reflected in the share price performance, making Coeur Mining one of the sector’s standout performers this year.
Building a Precious Metals Leader
The pathway to creating a new industry heavyweight is now clear. New Gold’s board of directors has unanimously recommended that its shareholders accept the takeover offer, with a vote scheduled for January 27, 2026. Structured as an all-stock transaction, the deal values the target company at approximately $7 billion. New Gold shareholders are set to receive 0.4959 Coeur shares for each of their shares.
Should investors sell immediately? Or is it worth buying Coeur Mining?
Upon completion, existing Coeur shareholders will own roughly 62% of the newly combined company. The ambition is to create a leading North American precious metals producer with a pro-forma market capitalization of around $20 billion. The operational portfolio would encompass seven mines across North America, targeting a 2026 production output of approximately 1.25 million gold-equivalent ounces.
The Silver Price Tailwind
The external market environment is providing substantial momentum. As of late December 2025, the silver price is trading in the range of $66 to $70 per ounce. This rally is fueled by a structural market deficit that has accumulated to over 800 million ounces since 2021.
Industrial demand is the primary force behind this strength. The solar sector requires more silver for newer technologies like TOPCon and HJT cells, while the expansion of AI hardware represents a new and rapidly growing source of demand. With spot prices trading well above production costs, Coeur Mining benefits directly through a significant expansion of its profit margins.
Market analysts at Roth Capital and TD Securities have issued price targets between $23 and $25, citing the merged company’s projected 2026 EBITDA of $3 billion.
- Current Share Price: €16.13
- 12-Month Change: +187.22%
- Year-to-Date (YTD) Change: +167.23%
- 52-Week High: €19.77 (October 16, 2025)
- Distance from 52-Week High: -18.41%
- 50-Day Average: €13.87
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