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.

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

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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 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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This article is originally published at Insider Monkey.