New Gold and Coeur Shareholders Approve Merger Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2026
0mins
Should l Buy CDE?
Source: PRnewswire
- Shareholder Voting Results: At New Gold's special shareholder meeting, 99.22% of shareholders voted in favor of the merger plan, indicating strong support for this transformative combination, which is expected to significantly enhance both companies' competitiveness in the North American precious metals market.
- Transaction Details: Upon completion, shareholders will receive 0.4959 shares of Coeur common stock for each New Gold share held, resulting in approximately 38% and 62% ownership for New Gold and Coeur shareholders, respectively, thereby strengthening the financial position and market standing of the combined entity.
- Regulatory Approval Process: The transaction is subject to final approval from the Supreme Court of British Columbia and other regulatory bodies, with an anticipated closing in the first half of 2026, marking a critical step in the integration of the two companies.
- Strategic Implications: This merger not only combines two companies with similar cultures and financial strengths but also provides significant exploration upside and the potential for asset value growth, positioning the combined company uniquely within the industry.
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Analyst Views on CDE
Wall Street analysts forecast CDE stock price to rise
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 21.810
Low
16.00
Averages
21.86
High
25.00
Current: 21.810
Low
16.00
Averages
21.86
High
25.00
About CDE
Coeur Mining, Inc. is a diversified precious metals producer. The Company has five wholly owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly owns the Silvertip polymetallic critical minerals exploration project in British Columbia. The Las Chispas Operation is located approximately 180 kilometers (km) northeast of Hermosillo, Sonora, Mexico. The Palmarejo complex consists of the Palmarejo processing facility, three underground mines, exploration targets and a campsite. The Rochester mine is an open pit, heap leach silver-gold operation, located in Pershing County, Nevada. The Kensington mine is an underground gold operation located in southeast Alaska. Wharf is an open pit, heap leach gold operation located in the northern Black Hills of western South Dakota.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Performance Beat Record: Over the past two years, Coeur Mining has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, showcasing the company's reliability in meeting market expectations and adaptability.
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- Revenue Expectations: The revenue forecast for Q4 stands at $688.24 million, a substantial increase from $305 million in the same quarter last year, reflecting strong market demand and sales performance.
- Performance Beat Record: Over the past two years, Coeur Mining has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, showcasing the company's reliability in meeting market expectations and adaptability.
- Revision Trends: In the last three months, EPS estimates have seen three upward revisions with no downward adjustments, and revenue estimates have also been revised upward once, indicating growing analyst confidence in the company's future performance, which may further drive stock price appreciation.
See More
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- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, surpassing expectations of 0.3%, indicating a rebound in capital spending and boosting market confidence in economic recovery.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly exceeding expectations of 1.304 million, suggesting a revival in the real estate market that could drive growth in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which indicates a recovery momentum in manufacturing that may further propel economic growth.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, which will further boost market sentiment and attract investor interest.
See More
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- Significant Gold Reserves: Coeur Mining's update reveals 4.4 million ounces of gold reserves as of year-end 2025, valued at $22.1 billion based on current prices of $5,020 per ounce, which is 49% higher than the company's market cap, highlighting the asset's strong potential.
- Stable Silver Reserves: The company holds 274.4 million ounces of proven and probable silver reserves, and despite an 18% and 14% year-over-year decline in measured and indicated gold and silver resources, it still maintains a solid position in the precious metals market.
- Diverse Mineral Resources: Coeur also reports 1,234 million pounds of zinc and 685.5 million pounds of lead in measured and indicated reserves, which, while less attractive to investors, still provide a diversified resource base for the company.
- Optimistic Profit Outlook: With gold prices expected to remain above $2,200 per ounce and silver above $26, Coeur's reserve estimates are likely to hold, and the stock trading below 12 times earnings indicates its investment value.
See More
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- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the real estate market that may enhance investment confidence in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which could strengthen market confidence in economic recovery.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, reflecting ongoing improvements in corporate profitability that may further drive stock market gains.
See More
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- Apple Product Launch Boost: Apple shares surged over 3% after announcing a product launch on March 4, with several new devices expected in the coming weeks, which not only boosted Apple's market performance but also generated positive sentiment across the tech sector.
- Airline Stocks Rally: Airline stocks showed strong performance on Tuesday, led by a 6% increase in Southwest Airlines after UBS upgraded its rating from neutral to buy with a price target of $73, which not only enhanced the overall performance of airline stocks but also contributed to a more optimistic market outlook.
- Mixed Economic Data: The U.S. February NAHB housing market index unexpectedly fell to a 5-month low of 36, below the expected 38, while the February Empire manufacturing survey slightly declined to 7.1, indicating uncertainty in economic recovery, as the market remains focused on upcoming corporate earnings and economic news.
See More
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- Wharf Reserve Growth: The Wharf mine's proven and probable gold reserves increased by 65% to 1.25 million ounces, nearly doubling its mine life to 12 years, which positions the operation for consistent, high-return gold production in the future.
- Strong Performance at Palmarejo: Proven and probable gold and silver reserves at Palmarejo increased by 36% and 40%, respectively, driven by exploration success at East Palmarejo, extending the mine life by approximately five years and enhancing the company's resource base.
- Stable Growth at Kensington: Kensington's proven and probable gold reserves rose by 9%, supported by years of underground development and drilling investments, ensuring replacement of depletion and a modest increase in the current five-year mine life, showcasing effective resource management.
- Optimistic Future Outlook: Coeur anticipates gold and silver prices to reach $2,500 and $30 per ounce by 2025, respectively, significantly up from 2024, which will further enhance the company's financial performance and shareholder value, solidifying its leadership position in the precious metals sector.
See More
