Coeur Mining Inc (CDE) Completes $385.8 Note Exchange after New Gold Acquisition

Coeur Mining, Inc. (NYSE:CDE) is one of Goldman Sachs top gold stock picks. On April 22, Coeur Mining, Inc. (NYSE:CDE) completed its exchange offer for New Gold senior notes. Coeur accepted $385.8 million of New Gold’s 6.875% Senior Notes due 2032, or about 96.5% of the $400 million outstanding, and exchanged them for an equal amount of its own notes plus $771,600 in cash. Most tenders—$385.3 million, were received by the April 3 early participation date, with another $500,000 submitted before expiration.

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The offering follows the completion of the New Gold acquisition. With the acquisition, the company expects its 2026 gold production to range between 680,000 and 815,000 ounces, with silver production of between 18.7 and 21.9 million ounces. The addition of New Afton and Rainy River is expected to boost gold production by 80% and add meaningful copper production. Its 2025 gold production totaled 419,046 ounces with 17.9 million silver ounces.

Similarly, Coeur Mining remains in a solid financial position with strong cash flow and robust capital returns to stockholders. The board of directors has already approved an expanded $750 million share repurchase program. Investors also stand to benefit from an inaugural $ 0.02-per-share semiannual dividend to be paid in June and December.

Coeur Mining Inc (NYSE:CDE) is a U.S.-based precious metals producer that explores, develops, and operates a portfolio of gold, silver, and zinc mines in North America. With seven operating mines, including major projects in Nevada, Alaska, South Dakota, and Canada, the company focuses on expanding its gold and silver production while increasing its exposure to copper.

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