New Gold Gains Proxy Firm Support for Coeur Mining Acquisition Ahead of Shareholder Vote

New Gold Secures Strong Backing for Coeur Mining Acquisition

New Gold Inc. receives notable endorsements from independent proxy advisory firms for its proposed acquisition by Coeur Mining, Inc. This significant development comes as Glass, Lewis & Co. LLC advises New Gold shareholders to vote "FOR" the arrangement under British Columbia's Business Corporations Act, ahead of the Special Meeting scheduled for January 27, 2026. Institutional Shareholder Services Inc. also lends its support, reinforcing the transaction's credibility. The merger promises a strategic alignment of two precious metals mining companies, expected to enhance production capabilities and market positioning.

The proposed deal offers New Gold shareholders an exchange of 0.4959 shares of Coeur common stock for each New Gold share, resulting in a combined ownership structure where Coeur and New Gold shareholders would hold approximately 62% and 38% respectively. Glass Lewis emphasizes that the merger is not just financially beneficial but strategically sound, projecting enhanced cash flow and a robust platform for organic growth opportunities. The increased scale from this merger is anticipated to improve liquidity and may lead to the new entity's inclusion in major U.S. indexes, delivering long-term advantages to shareholders.

Furthermore, the acquisition presents a notable market premium of about 16% for New Gold investors, coupled with the benefits of Coeur's diverse mining portfolio. This merger could position the combined entity as a more competitive player in the precious metals mining sector, allowing for expanded operational efficiencies and market reach. Both firms encourage their shareholders to participate actively in the upcoming votes, with New Gold shareholders urged to cast their votes by January 23, 2026, at 11:00 a.m. (Eastern Time) at the offices of Davies Ward Phillips & Vineberg LLP.

In addition to the acquisition vote, Glass Lewis recommends that Coeur shareholders also support related proposals at their stockholder meeting on the same date. This alignment between the two companies’ shareholders highlights the collaborative spirit and shared vision for growth moving forward. The coming weeks are crucial as New Gold navigates this pivotal moment in its corporate strategy, aiming to solidify its position within the competitive landscape of the mining industry.