Coeur Mining (CDE), New Gold Merger Gains Shareholder Approval

Coeur Mining Inc (NYSE:CDE) is one of the most undervalued stocks to buy and hold for 5 years. On January 27, Coeur Mining Inc (NYSE:CDE) announced that it had gained shareholder support for the proposed merger with New Gold Inc. The two companies voted on the merger during their respective special meetings, in which 99.22% of New Gold shareholders supported the transaction. As a result, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold share they hold.

The merger, expected to close in the first half of 2026 pending final approval from regulators and the Supreme Court of British Columbia, will result in the formation of a combined company, in which Coeur and New Gold shareholders will own 62% and 38% of the new company, respectively. The merged company will operate as a North American precious metals producer that combines New Gold’s New Afton copper-gold mine and Rainy River gold mine in Canada with Coeur’s existing operations.

Coeur Mining Inc (NYSE:CDE) is a gold and silver producer in the U.S., Canada, and Mexico. The company explores for gold, silver, zinc, lead, and other related metals. It markets and sells its concentrates to third-party customers, including refiners and smelters, under off-take agreements.

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Disclosure: None. This article is originally published at Insider Monkey.