Core Insights - New Gold Inc. shareholders overwhelmingly approved a plan of arrangement with Coeur Mining, with 99.22% voting in favor of the transaction [1] - The transaction involves Coeur Mining acquiring all outstanding common shares of New Gold, with shareholders receiving 0.4959 shares of Coeur for each New Gold share held [1] - The anticipated closing date for the transaction is in the first half of 2026, pending regulatory approvals and customary closing conditions [1] Shareholder Support - The voting results showed 476,065,996 votes for and 3,727,348 votes against the arrangement resolution among all shareholders [1] - Excluding certain minority security holders, the votes for the resolution were 475,775,946 for and 3,727,348 against, indicating strong support [1] Company Synergies - The merger is expected to create a new North American precious metals company, enhancing exploration potential and extending mine life [1] - The combined company will have approximately 62% of shares owned by Coeur shareholders and 38% by New Gold shareholders post-transaction [1] Regulatory and Closing Conditions - The transaction is subject to final approval from the Supreme Court of British Columbia and other regulatory approvals [1] - The completion of the transaction is contingent upon satisfying customary closing conditions typical for such mergers [1]

Core Insights - U.S. rare earth and critical miner stocks experienced a rally due to renewed discussions in Washington about expanding federal support for domestic supply chains, boosting investor sentiment across the sector [1][10] - The U.S. government signed a non-binding deal through the Commerce Department's CHIPS Act program to provide approximately $1.6 billion in funding and loans to USA Rare Earth, Inc. (USAR), which resulted in a 7.9% increase in USAR's shares [2][10] - The reliance of the U.S. on foreign suppliers for critical minerals poses a vulnerability, prompting policymakers to consider incentives to strengthen domestic mining and processing capabilities [3][4] Industry Developments - Investors are optimistic about potential expanded tax credits, direct funding, and regulatory support that could enhance project economics and shorten development timelines for U.S. producers [4][11] - Geopolitical tensions and supply chain disruptions have underscored the strategic importance of securing reliable domestic access to key raw materials, essential for both industrial growth and defense readiness [5][11] - Long-term trends related to clean energy, electrification, and advanced technologies continue to support the investment case for critical minerals, indicating that policy signals from Washington can significantly influence the sector [6][11] Company Highlights - Coeur Mining, Inc. (CDE) is a gold and silver miner with exposure to critical minerals, showing an expected earnings growth rate of 355.6% for the current year, with a Zacks Rank of 1 [7] - Idaho Strategic Resources, Inc. (IDR) focuses on rare earths and other critical minerals, with an expected earnings growth rate of 6% for the current year and a Zacks Rank of 2 [8] - IperionX Limited (IPX) specializes in rare earth and critical mineral production, with an expected earnings growth rate of 95% for the current year, also holding a Zacks Rank of 2 [9]

Group 1 - China Aluminum International (02068) saw a mid-day increase of over 2.4% after announcing a joint venture to undertake a new electrolytic aluminum project with an annual capacity of 394,000 tons, with the first phase set at 294,000 tons [1] - CGN Mining (01164) rose over 8.3% following the submission of a preliminary prospectus for a trust that plans to issue up to $2 billion in transferable, non-redeemable trust shares over 25 months, with annual uranium procurement not exceeding 9 million pounds [1] - China Shengmu Organic Milk (01432) increased nearly 6% after a joint announcement regarding a potential conditional cash offer to acquire all issued shares of the company [1] Group 2 - Yijun Group Holdings (02442) surged over 18%, with a cumulative increase of nearly 500% since its resumption of trading in December, following the sale of shares by its controlling shareholder [2] - China Rare Earth Holdings (03788) rose over 10%, reaching a historical high of 5.49 HKD, after announcing the termination of its gold spin-off plan to focus on gold business [2] - Laopuqin Gold (06181) increased over 7.3% as consumer demand is expected to rise during the upcoming Spring Festival, driven by higher gold prices and anticipated price increases [2] Group 3 - Oil stocks continued to rise, with CNOOC (02883) up 4.19%, Sinopec (00386) up 2.54%, and PetroChina (00857) up 3.68%, amid escalating geopolitical tensions in Iran and Cuba [3] - Changfei Optical Fiber (06869) saw a rise of over 15.4% due to significant price increases and supply tightness in the G.652.D optical fiber market, with major manufacturers unable to meet their own orders [3] Group 4 - Nanshan Aluminum International (02610) increased over 2.6% after announcing plans to start construction on a 250,000-ton electrolytic aluminum project in 2026, with an investment of $437 million [4] - Xindong Company (02400) saw a slight increase of 0.43% as its mobile game "Xindong Town" surpassed 10 million downloads, indicating strong user growth [4] Group 5 - EquipmentShare.com (EQPT.US) debuted on the US stock market with an IPO price of $24.5, closing up 32.9% on its first day [5] - The solar energy sector saw initial gains, with JinkoSolar (JKS.US) up 9.03% and Canadian Solar (CSIQ.US) up 4.57%, following discussions at the Davos Forum [5] - Silver-related stocks experienced gains, with First Majestic Silver (AG.US) rising 5.04% as spot silver prices surpassed $100 [5] Group 6 - Lithium mining stocks mostly rose, with Sigma Lithium (SGML.US) up 17.54% after announcing additional sales of high-purity lithium powder [6] - Bank stocks declined, with Goldman Sachs (GS.US) down 3.75% amid legal issues involving President Trump and JPMorgan [6] - Redwire (RDW.US) increased by 4.51% following comments from Elon Musk about SpaceX's plans for reusable rocket technology [6] Group 7 - Semiconductor stocks showed strength, with AMD (AMD.US) up 2.35% and Nvidia (NVDA.US) up 1.53%, as Nvidia's CEO visited China to discuss future plans [7] - Ericsson (ERIC.US) rose 8.87% after reporting strong fourth-quarter earnings, with adjusted EBITA reaching 12.7 billion SEK, a 24% increase year-over-year [8] - Intel (INTC.US) fell 17.03% due to disappointing performance outlooks and manufacturing issues [8]

Company Performance - Coeur Mining (CDE) shares increased by 12.5% to $25.77 in the last trading session, with a notable trading volume, and have gained 22.4% over the past four weeks [1] - The consensus EPS estimate for Coeur Mining's upcoming quarterly report has been revised down by 15.9% over the last 30 days [4] - Coeur Mining currently holds a Zacks Rank of 1 (Strong Buy) [5] Industry Insights - Silver prices have surged by 223.6% year over year, while gold prices have risen by 77.9%, driven by strong safe-haven demand and geopolitical tensions [2] - Silver is currently trading at approximately $99, nearing record highs, and gold is above $4,900, supported by a weak dollar [2] - The demand for solar energy, electronics, and electrification now constitutes over half of global silver demand, contributing to resilient industrial demand and supply deficits [2] Earnings Expectations - Coeur Mining is expected to report quarterly earnings of $0.33 per share, reflecting a year-over-year increase of 200%, with revenues projected at $668.7 million, up 119% from the previous year [3] - Trends in earnings estimate revisions are closely linked to near-term stock price movements, indicating potential strength in the stock [3]

Group 1 - Sanhua Intelligent Control (02050) saw a decline of over 3.4% after announcing a share reduction plan involving the actual controller and several directors, with a total of up to approximately 10.2 million A-shares to be sold between February 24, 2026, and May 23, 2026 [1] - Tuo Yun Biotechnology (01332) experienced a significant drop of over 60%, nearly erasing gains since October 2022, following stock movements involving major shareholders [1] - Zhongwei New Materials (02579) increased by over 5% as the company announced securing 5-6 billion wet tons of nickel ore resources and establishing four nickel raw material industrial bases in Indonesia [1] Group 2 - InnoCare Pharma (03696) rose over 6%, reaching a new high of 62.9 HKD, after receiving FDA approval for its oral NLRP3 inhibitor ISM8969 for Parkinson's disease treatment [2] - Solar stocks surged, with Kaisa New Energy (01108) up 17.85% and other companies like Fuyao Glass (06865) and Xinyi Solar (00968) also showing significant gains, driven by a report indicating a new phase in commercial space deployment [2] - Jiangnan Buyi (03306) fell nearly 7% after announcing a placement of 14.535 million shares at a discount to the market price [2] Group 3 - Lithium stocks rose, with Ganfeng Lithium (01772) up 5.22% and Tianqi Lithium (09696) up 2.88%, following a report of a significant increase in lithium carbonate contract prices [3] - Rongchang Bio (09995) increased nearly 2% after UBS expressed a positive outlook on its collaboration with AbbVie, which includes substantial milestone payments [4] - DCH Holdings (00179) fell nearly 7% as it reported a slight decline in revenue for the nine months ending December 31, 2025 [4] Group 4 - Gold stocks rebounded, with Chifeng Jilong Gold Mining (06693) up 6.99% and others also showing gains, as spot gold prices reached a new high of over $4,960 per ounce [4] - Bitgo Holdings (BTGO.US) debuted on the US stock market, rising 2.72% as a leading cryptocurrency custody provider [5] - Rare earth stocks surged, with USA Rare Earth (USAR.US) up 17.49% after announcing partnerships to advance its Round Top project [5] Group 5 - The Nasdaq Golden Dragon China Index opened up 1.6%, with major Chinese stocks like Li Auto (LI.US) and Alibaba (BABA.US) showing gains, supported by comments from the People's Bank of China regarding potential monetary easing [6] - Abbott (ABT.US) fell 10.04% after reporting lower-than-expected sales for Q4 2025, despite a year-over-year increase in adjusted EPS [7] - Alibaba (BABA.US) rose 5.05% as it plans to list its semiconductor division, benefiting from investor interest in competing with Nvidia [7]

Group 1 - Silver-related stocks experienced a significant increase, with Coeur Mining (CDE.US) rising over 8%, Endeavour Silver (EXK.US) and Hecla Mining (HL.US) up over 4%, and Pan American Silver (PAAS.US) and First Majestic Silver (AG.US) increasing over 3% [1] - Spot silver surged over 3%, approaching $94 [1] - Citigroup raised its price forecast for precious metals due to heightened geopolitical risks, ongoing physical market shortages, and renewed uncertainty regarding the independence of the Federal Reserve, indicating that the bull market is expected to continue in the short term [1] Group 2 - Citigroup's baseline scenario target price for gold is $5,000 per ounce and for silver is $100 per ounce over the next 0 to 3 months [1]

Key Takeaways Coeur Mining posted Q3 revenues of $555M, up 77% YoY from $314M. Revenues surged on record production and higher gold and silver prices. Newly acquired Las Chispas and U.S. operations boosted overall performance. Coeur Mining, Inc. (CDE) reported third-quarter 2025 revenues of about $555 million, up from roughly $314 million a year earlier and $481 million in the prior quarter, translating to nearly 77% year-over-year growth. This surge was largely fueled by substantially higher realized preci ...

Core Insights - Royce Investment Partners anticipates a rebound for small-cap quality and value stocks in 2026, moving away from speculative stocks linked to AI that have dominated the market since April 2025 [2][4] - The firm emphasizes that strong companies with solid balance sheets and attractive valuations will attract investor interest, particularly in the consumer staples, packaging, business services, and insurance sectors [3][4] - Small-cap stocks are expected to outperform larger counterparts in 2026, marking a significant shift in market dynamics [4] Company Highlights - **Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)**: - Analysts from Goldman Sachs and Stifel Nicolaus have reiterated a Buy rating, raising the price target from $93 to $125 and from $112 to $134 respectively [8][9] - The aerospace and defense sector is projected to remain strong in 2026 due to supply-demand dynamics, with KTOS benefiting from order momentum in Valkyrie drones and advancements in hypersonic testing [10][11] - **Coeur Mining, Inc. (NYSE:CDE)**: - The company has received a Buy rating from Raymond James, with the price target increased from $21 to $24.5, and from Roth MKM, with the target raised from $20 to $23 [12][13] - The updated outlook for gold and silver prices in 2026 reflects significant increases, with gold projected at $4,125 and silver at $56.25, influenced by macroeconomic factors [13] - Coeur Mining is expected to report fiscal Q4 2025 results on February 18, with anticipated revenue of approximately $668.7 million and a GAAP EPS of $0.48 [14]

th The TD Cowen 17 Annual Global Mining Conference is an invitation-only investment conference. Presentation materials will be made available on the Company's website at www.coeur.com. th About Coeur CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc.'s ("Coeur†or the "Company†) (NYSE: CDE) Chairman, President and Chief Executive Officer, Mitchell J. Krebs, will present at TD Cowen's 17 Annual Global Mining Conference in Toronto, Ontario on Thursday, January 29, 2026 at 2:20 p.m. Eastern Time. Coeur Mining, Inc. ...

Core Viewpoint - New Gold Inc. is set to undergo a significant transaction where Coeur Mining, Inc. will acquire all outstanding shares of New Gold, with independent proxy advisory firms recommending shareholders vote in favor of the deal [1][3]. Transaction Details - Under the terms of the transaction, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share held, resulting in Coeur and New Gold shareholders owning approximately 62% and 38% of the combined company, respectively [2]. - The transaction is scheduled for approval at a Special Meeting of New Gold shareholders on January 27, 2026 [1][4]. Strategic Rationale - The transaction is viewed as strategically sound, combining two precious metals mining companies to create a larger entity with increased production, market capitalization, and significant combined EBITDA and cash flow [3]. - The combined company is expected to have a strong cash flow profile, allowing for reinvestment in organic growth opportunities and enhanced trading liquidity, potentially leading to inclusion in major U.S. indexes [3]. - New Gold shareholders are expected to receive a market premium of approximately 16% and gain exposure to Coeur's portfolio of mines [3]. Voting Information - New Gold shareholders are reminded to vote by the deadline of January 23, 2026, at 11:00 a.m. (Eastern Time) [4][6]. - The meeting will be held both in person and virtually, with details provided for accessing the meeting [4][5]. Company Background - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine [8]. - The company's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining [8].