File Photo (Image Credit: CFJC Today)

By James Peters

New Afton Mine

New Gold board recommends shareholders okay sale to U.S.-based Coeur Mining

Jan 13, 2026 | 4:05 PM

KAMLOOPS — The sale of the New Afton mine’s parent company has taken another step forward.

In a news release issued Tuesday (Jan. 13), New Gold announced its board of directors has unanimously recommended its shareholders vote in favour of a deal that would see the company acquired by U.S.-based Coeur Mining.

Shareholders are slated to vote on the recommendation at a special meeting on January 27.

In November, Coeur announced it had an agreement in place to purchase all shares of New Gold in a $7-billion deal.

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New Gold operates two mines in Canada — New Afton just west of Kamloops and the Rainy River Mine near Stratton, Ontario.