Coeur Mining's stock surged 7.12% in pre-market trading on Wednesday, following the release of updated pro forma financial information related to its acquisition of New Gold.
The company filed an amended current report to update unaudited pro forma condensed combined financial information tied to the deal. Transaction terms include an exchange ratio of 0.4959 Coeur shares per New Gold share, with Coeur issuing 392,682,578 shares. The implied equity value is approximately USD 6.9 billion based on Coeur's closing price on March 20, 2026.
Pro forma results for the year ended December 31, 2025, show combined revenue of USD 3.62 billion, net income of USD 78.7 million, and basic earnings per share of USD 0.08. The pro forma balance sheet as of the same date shows total assets of USD 15.29 billion. The market is reacting positively to these updated financial disclosures, which provide clarity on the combined entity's financial position following the acquisition.