other material
confidence high
sentiment neutral
materiality 0.40
Coeur Mining supplements proxy for New Gold merger; addresses shareholder suits
Coeur Mining, Inc.
- Two shareholder lawsuits filed Jan 6 & 8, 2026 in NY Supreme Court alleging proxy omissions; Coeur denies merit but supplements.
- BMO applied NAV multiples of 1.45x-2.00x for Coeur and 0.8x-1.35x for New Gold in fairness opinion.
- RBC net debt: New Gold ~$371M, Coeur ~$99M as of Sep 30, 2025; New Gold at 2.0x Price/NAV vs peer median 0.8x.
- Analyst price targets: Coeur $16-$25, New Gold $7-$10.79, implied exchange ratio 0.280x-0.674x.