The Supreme Court of British Columbia in Canada approved the acquisition of New Gold by Coeur Mining, finalizing the deal outlined in the Business Corporations Act of British Columbia. The transaction is expected to be completed in the first half of 2026, with New Gold shareholders receiving 0.4959 shares of Coeur’s common stock per share. The deal values each New Gold share at $8.51, representing a 16% premium over the closing price in October 2025. The acquisition assigns New Gold an equity value of approximately $7bn (C$9.54bn), with the combined company expected to have a market capitalization of around $20bn. Post-transaction, Coeur shareholders are expected to own around 62% of the new entity, while New Gold shareholders are expected to hold the remaining 38%. Production in 2026 is forecasted to reach around 1.25 million gold equivalent ounces.

Read more at Yahoo Finance: British Columbia court approves Coeur’s takeover of New Gold