Coeur Mining (CDE) Acquires New Gold Through a Subsidiary

Group 1 - Coeur Mining Inc. has acquired all outstanding common shares of New Gold Inc. through a wholly owned subsidiary, following a previously established plan of arrangement [1][2] - New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share owned, and New Gold's shares will be delisted from the Toronto Stock Exchange and NYSE American after the transaction is finalized [2] - Coeur Mining operates primarily in the exploration of metals such as gold, silver, and zinc, with operations based in the U.S., Canada, and Mexico [4] Group 2 - Analyst Joe Reagor from Roth Capital maintained a Buy rating on Coeur Mining and raised the target price from $23 to $29, citing mixed but overall strong fourth-quarter results and higher gold and silver prices as positive factors [3]