New Gold (NGD) Shareholders Approve Previously Announced Plan of Arrangement to Advance Coeur Mining Deal

New Gold Inc. (NYSE:NGD) is included in our list of the 11 Best Performing Stocks in the Last 12 Months.

On January 27, 2026, New Gold Inc. (NYSE:NGD) received shareholders’ approval of the previously announced plan of arrangement, whereby a wholly owned subsidiary of Coeur Mining will purchase all outstanding NGD shares. The arrangement also received the approval of Coeur’s shareholders.

The acquisition is expected to close in the first half of 2026, pending court and regulatory approvals. Following the close, New Gold Inc. (NYSE:NGD) shareholders will be entitled to receive 0.4959 Coeur shares per New Gold share. Offering approximately 38% ownership of the combined company, the deal provides investors with exposure to a larger all-North American precious metals platform.

Meanwhile, an optimistic analyst update preceded the acquisition update. On January 26, 2026, Scotiabank raised its price target on New Gold Inc. (NYSE:NGD) from $10.50 to $12.75, while reiterating an ‘Outperform’ rating. The increase in target, coming as part of a broader update to the Gold & Precious Minerals sector, reflects the firm’s higher gold and silver price forecasts amid heightened economic and geopolitical uncertainty, alongside central bank buying.

New Gold Inc. (NYSE:NGD), a Canada-based gold mining company, operates and develops assets including Rainy River and New Afton.

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