Coeur completes New Gold acquisition, issues about 393 million shares
Coeur Mining completed its acquisition of New Gold on March 20, 2026, issuing about 393 million Coeur common shares to New Gold shareholders and entering a new $1.0 billion revolving credit facility. The company also announced an expanded $750 million share repurchase program, an inaugural $0.02 per share semiannual dividend policy, and consolidated 2026 guidance that includes nine months of New Afton and Rainy River production, which means the larger share count and capital return plans both affect shareholders.
Key points
- The arrangement closed on March 20, 2026; each New Gold share was exchanged for 0.4959 Coeur shares, and about 393 million Coeur shares were issued.
- Authorized Coeur common stock was increased from 900 million to 1.3 billion shares effective March 19, 2026.
- The $750 million repurchase program replaces the prior $75 million program; the first $0.02 per share dividend is expected in the second quarter of 2026.
- 2026 consolidated gold production guidance is 680,000 to 815,000 ounces, with nine months of contribution from New Afton and Rainy River.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.