Coeur Mining Clears Final Legal Hurdle for New Gold Acquisition

The path is now clear for Coeur Mining to complete its acquisition of New Gold, following a definitive court approval. The Supreme Court of British Columbia granted its final order under the Business Corporations Act on January 30, removing the last major legal obstacle to creating a major North American precious metals producer. The transaction has received strong backing from shareholders of both companies.

This judicial decision comes directly after an overwhelming shareholder vote in favor of the merger. Just three days prior, on January 27, investors from both firms approved the deal by an overwhelming majority, with New Gold shareholders showing support exceeding 99%. The vote also sanctioned the necessary share issuance by Coeur Mining to fund the transaction.

The acquisition is structured as an all-stock transaction. For each New Gold share held, stockholders will receive 0.4959 of a Coeur Mining share. Based on share prices from last October, this ratio represented a premium of approximately 16%. Upon deal closure, existing Coeur shareholders will own roughly 62% of the combined entity, with the remaining 38% held by former New Gold investors.

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

The merger significantly expands the operational footprint. The new company will control seven active mines across North America. Coeur's existing assets in the United States and Mexico will be joined by New Gold's Canadian operations: the New Afton copper-gold mine and the Rainy River gold project.

Financials and Pending Final Approval

Before full integration proceeds, market attention turns to operational performance. Coeur Mining is scheduled to release its fourth-quarter and full-year 2025 financial results after the market closes on February 18. Expectations are elevated following a robust third quarter, where the company reported record quarterly revenue of $555 million and operating cash flow of $238 million.

The formal completion of the acquisition now hinges solely on approval under the Investment Canada Act. Management has reaffirmed its target to finalize the deal in the first half of 2026.