New Gold Encourages Shareholders to Approve Coeur Mining Acquisition Plan Ahead of Upcoming Meeting
On January 13, 2026, New Gold Inc. (NYSE American: NGD; TSX: NGD) announced a pivotal recommendation from Institutional Shareholder Services Inc. (ISS), a prominent independent proxy advisory firm. ISS has advised New Gold shareholders to vote 'FOR' a strategic arrangement with Coeur Mining, Inc. (NYSE: CDE) during the upcoming special shareholder meeting scheduled for January 27, 2026. This proposed arrangement, sanctioned under British Columbia's Business Corporations Act, involves Coeur acquiring all outstanding common shares of New Gold.
According to the terms of this agreement, for every share of New Gold owned, shareholders will receive approximately 0.4959 shares of Coeur common stock. Once the arrangement is finalized, ownership of the new entity will be split, with Coeur shareholders holding approximately 62% and New Gold shareholders retaining about 38%. ISS stated that the transaction is strategically sound, emphasizing expected operational synergies, an enhanced balance sheet, and improved liquidity. They noted that the implied value per share has risen since the transaction was first announced.
The Board of Directors at New Gold unanimously supports the transaction, encouraging shareholders to endorse the proposed arrangement. This recommendation underscores the belief that joining forces with Coeur will create a stronger operational and financial entity in the mining sector.
Shareholders are invited to attend the special meeting on January 27, 2026, at 1100 a.m. (Eastern Time), which will take place at the offices of Davies Ward Phillips & Vineberg LLP located in Toronto, Ontario. For those unable to attend in person, a virtual meeting option will be available via a live webcast. Eligible shareholders should have already received a management information circular outlining the details of the transaction alongside a form of proxy for voting.
It's crucial that shareholders submit their votes before the deadline of January 23, 2026, at 1100 a.m. (Eastern Time) to ensure their opinions are counted in this significant decision. Resources for further information about the voting process can be accessed at www.VoteNewGold.com or by contacting Kingsdale Advisors, New Gold's strategic advisor.
New Gold is recognized as a Canadian-focused intermediate mining company with a robust portfolio that includes the New Afton copper-gold mine and the Rainy River gold mine. The firm is committed to achieving excellence in responsible mining to maximize value for its shareholders and stakeholders. For more updates and corporate information, stakeholders are encouraged to visit www.newgold.com.
It's pertinent to note that certain statements concerning the transaction made within this announcement are considered forward-looking statements, which involve risks and uncertainties. These potential outcomes may deviate significantly from the anticipated results due to various factors, including market conditions and the fulfillment of regulatory conditions. It's advisable for stakeholders to exercise caution and consider potential risks when engaging in investment discussions.
In summary, New Gold is hosting an important vote for its shareholders, which could reshape its future in the mining industry. The results of this vote will undoubtedly play a key role in the company's direction and operational success in the near future.
Overview of the Transaction
According to the terms of this agreement, for every share of New Gold owned, shareholders will receive approximately 0.4959 shares of Coeur common stock. Once the arrangement is finalized, ownership of the new entity will be split, with Coeur shareholders holding approximately 62% and New Gold shareholders retaining about 38%. ISS stated that the transaction is strategically sound, emphasizing expected operational synergies, an enhanced balance sheet, and improved liquidity. They noted that the implied value per share has risen since the transaction was first announced.
Support from Board of Directors
The Board of Directors at New Gold unanimously supports the transaction, encouraging shareholders to endorse the proposed arrangement. This recommendation underscores the belief that joining forces with Coeur will create a stronger operational and financial entity in the mining sector.
Details of the Meeting and Voting Process
Shareholders are invited to attend the special meeting on January 27, 2026, at 1100 a.m. (Eastern Time), which will take place at the offices of Davies Ward Phillips & Vineberg LLP located in Toronto, Ontario. For those unable to attend in person, a virtual meeting option will be available via a live webcast. Eligible shareholders should have already received a management information circular outlining the details of the transaction alongside a form of proxy for voting.
It's crucial that shareholders submit their votes before the deadline of January 23, 2026, at 1100 a.m. (Eastern Time) to ensure their opinions are counted in this significant decision. Resources for further information about the voting process can be accessed at www.VoteNewGold.com or by contacting Kingsdale Advisors, New Gold's strategic advisor.
New Gold at a Glance
New Gold is recognized as a Canadian-focused intermediate mining company with a robust portfolio that includes the New Afton copper-gold mine and the Rainy River gold mine. The firm is committed to achieving excellence in responsible mining to maximize value for its shareholders and stakeholders. For more updates and corporate information, stakeholders are encouraged to visit www.newgold.com.
Importance of Forward-Looking Statements
It's pertinent to note that certain statements concerning the transaction made within this announcement are considered forward-looking statements, which involve risks and uncertainties. These potential outcomes may deviate significantly from the anticipated results due to various factors, including market conditions and the fulfillment of regulatory conditions. It's advisable for stakeholders to exercise caution and consider potential risks when engaging in investment discussions.
In summary, New Gold is hosting an important vote for its shareholders, which could reshape its future in the mining industry. The results of this vote will undoubtedly play a key role in the company's direction and operational success in the near future.
Topics Financial Services & Investing）
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