Coeur Mining's stock soared 10.07% during intraday trading on Wednesday, marking a significant upward movement for the gold mining company.
The surge follows the company's filing of an amended current report to update unaudited pro forma condensed combined financial information related to its acquisition of New Gold. Investors are reacting positively to the increased clarity on the combined entity's financial position.
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 and net income of USD 78.7 million.