Coeur Mining to acquire New Gold in all-stock transaction; exchange ratio 0.4959

Coeur Mining, Inc.

Coeur Mining (CDE) agrees to acquire New Gold (NGD) via plan of arrangement; each NGD share exchanged for 0.4959 CDE shares.
Two New Gold directors to join Coeur board at closing; director nominees to be put forward at next annual meeting.
Termination fees: $413.7M payable by Coeur, $254.7M by New Gold in certain circumstances; expense reimbursement up to $34M.
Deal requires New Gold shareholder approval (66.67%), Coeur stockholder approval, Mexico antitrust clearance, and Canadian Competition Act approval.
Expected close by May 15, 2026 (extendable to Aug 15, 2026 if regulatory approvals not yet obtained).

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