Shareholder Vote Puts Coeur Mining in the Spotlight

All attention is focused on Coeur Mining as its shares have surged dramatically in recent weeks. The catalyst is an upcoming shareholder vote this Monday, January 27, 2026, on the proposed acquisition of Canadian gold producer New Gold. The stock's impressive climb of nearly 49 percent in just three weeks underscores the market's anticipation of the merger's outcome.

The proposed deal would see New Gold shareholders receive 0.4959 Coeur shares for each of their holdings. Upon completion, existing Coeur investors would own approximately 62 percent of the combined entity, with New Gold's shareholders holding the remaining 38 percent. The merger aims to create a major North American precious metals producer with significant scale.

This consolidation effort is receiving a tailwind from the broader commodity market. Gold prices have rallied approximately 75 percent over the past year, currently trading near $4,818 per ounce. Silver has also seen substantial gains, reaching around $93 per ounce. This robust pricing environment strengthens the financial prospects for the enlarged company.

Key Endorsements and Financial Projections

The transaction has garnered crucial support from leading proxy advisory firms. Institutional Shareholder Services (ISS) issued a recommendation for approval on January 13, followed by Glass Lewis on January 19. Glass Lewis has also endorsed the supplementary proposals related to the merger.

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

Management forecasts for the combined group are ambitious. For the 2026 fiscal year, they project an EBITDA of roughly $3.0 billion and a free cash flow of about $2.0 billion. Annual production is estimated to reach 900,000 ounces of gold, 20 million ounces of silver, and 100 million pounds of copper.

Upcoming Catalysts and Market Activity

Monday's vote is the immediate hurdle. Regardless of the outcome, the company's calendar remains busy. CEO Mitchell J. Krebs is scheduled to present at the TD Cowen Global Mining Conference on January 29. Furthermore, Coeur Mining will release its fourth-quarter and full-year 2025 financial results on February 18, with an accompanying conference call slated for the following day.

Trading activity has intensified markedly ahead of the decisive vote, with recent volume spiking to 26.5 million shares—a clear indicator of heightened investor interest. Notably, the average analyst price target of $22.58 now sits below the current trading price, suggesting the recent rally may have outpaced some expectations.