New Gold Inc. (TSX: NGD) announced that the Supreme Court of British Columbia has issued a final order approving the company’s previously disclosed plan of arrangement, clearing a key regulatory milestone in its proposed acquisition by Coeur Mining, Inc. (NYSE: CDE).
Under the approved arrangement, a wholly owned subsidiary of Coeur will acquire all issued and outstanding common shares of New Gold. The court decision represents a major step toward completion of the transaction, which was originally announced in late 2025.
Transaction Expected to Close in First Half of 2026
While the court approval satisfies a significant condition, the transaction remains subject to approval under the Investment Canada Act, along with other customary closing conditions. The companies continue to target completion during the first half of 2026.
New Gold shareholders previously received detailed information regarding the transaction through the company’s management information circular dated December 19, 2025, which outlines the structure, rationale, and anticipated effects of the combination.
Strategic Rationale and Asset Portfolio
New Gold operates two core producing assets in Canada: the New Afton copper gold mine in British Columbia and the Rainy River gold mine in Ontario. The acquisition would consolidate these assets under Coeur’s portfolio, further strengthening its exposure to tier one mining jurisdictions and long life operations.
Management has positioned the transaction as an opportunity to enhance scale, operational flexibility, and long term value creation through a combination of producing gold and copper assets supported by existing infrastructure.
Investor Perspective
Court approval reduces execution risk and brings the transaction closer to completion, an important development for investors tracking consolidation within the North American mining sector. Pending remaining regulatory approvals, the transaction reflects continued strategic interest in established Canadian mining assets amid a supportive precious metals environment.
About New Gold
New Gold is a Canadian focused intermediate mining company with producing assets in Canada. The company’s strategy centers on responsible mining practices, operational discipline, and long term value creation for shareholders and stakeholders.
Additional details related to the transaction are available through New Gold’s public filings on SEDAR+ and EDGAR.
Forward-looking information is subject to risks and uncertainties. Please read our full DISCLAIMER.
