M&A / Property

Coeur Completes Acquisition of New Gold

By The Northwire Desk — AI Analysis Mar 20, 2026 · 07:58 CDE · 24.99 Coeur Mining, Inc.

CDE · Price

Coeur Mining completed its previously announced acquisition of New Gold Inc., issuing approximately 392.7 million Coeur shares to New Gold shareholders.
Post‑closing, Coeur’s total share count is about 1.03 billion, and the company’s stock began trading on the Toronto Stock Exchange under “CDE” on March 16, 2026.
The Company will disclose further details on expected transaction benefits, consolidated 2026 guidance, and reserve/resource updates for New Afton and Rainy River on March 23, 2026.

Transaction Structure: All outstanding common shares of New Gold were acquired; shareholders received 0.4959 Coeur shares per New Gold share.
Shares Issued: ~392,682,578 Coeur shares issued to complete the transaction.
Post‑Transaction Share Count: Approximately 1,034,524,520 Coeur shares outstanding after closing.
Trading Symbol Update: Coeur’s shares commenced trading on the Toronto Stock Exchange (TSX) under “CDE” effective Monday, March 16, 2026.
Advisors & Counsel:
Financial advisors – BMO Capital Markets and RBC Capital Markets (both to Coeur).
Legal advisors – Goodmans LLP and Gibson, Dunn & Crutcher LLP (both to Coeur).
Future Disclosure Schedule: Additional information on transaction benefits, consolidated 2026 guidance, year‑end 2025 reserve/resource updates for New Afton and Rainy River, and capital return priorities will be provided on March 23, 2026.

(No direct quotes were included in the release.)

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