File Photo (Image Credit: CFJC Today)

By James Peters

New Gold

New Gold sale to U.S.-based Coeur Mining receives overwhelming shareholder approval

Jan 27, 2026 | 3:09 PM

KAMLOOPS — New Gold and Coeur Mining shareholders have each voted overwhelmingly in favour of a Coeur takeover.

The potential deal was first announced in November 2025.

New Gold operates two mines in Canada — New Afton just west of Kamloops and Rainy River in Ontario.

In a news release issued Tuesday (Jan. 27), New Gold says 99.22 per cent of shareholder votes were cast in favour of becoming a subsidiary of the U.S. company.

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“The overwhelming support shown by New Gold shareholders is a strong endorsement for this transformative combination and marks a key milestone in bringing these two companies together,” stated New Gold President and CEO Patrick Godin. “This transaction brings together two companies with similar cultures of a strong focus on health and safety, similar financial strength and cash flow generation, and will provide significant exploration upside and the potential to significantly extend mine life and grow net asset value per share. I strongly believe in this combination, creating a new, all North American precious metals company that is unique to our industry.”

Under the terms of the deal, shareholders of Coeur will own 62 per cent of the newly combined company, while New Gold shareholders will hold the remaining 38 per cent.

The transaction still requires regulatory and government approvals but is expected to close in the first half of 2026.