New Gold Inc. Form 6-K Filing
This filing concerns a proposed arrangement involving New Gold Inc., 1561611 B.C. Ltd., and Coeur Mining, Inc. The arrangement, detailed in a Management Information Circular dated December 19, 2025, involves Coeur Mining, Inc. acquiring all outstanding common shares of New Gold Inc. in exchange for Coeur Shares at an exchange ratio of 0.4959 Coeur Shares per New Gold Share. This transaction is recommended by the Board of Directors of New Gold Inc. as it is expected to create a premier North American precious metals producer with significant combined EBITDA and free cash flow, enhanced asset exposure, a strengthened financial position, and robust growth opportunities. The combined company is anticipated to have a market capitalization of approximately $20 billion and an estimated production of 1.25 million gold equivalent ounces in 2026. Shareholders will retain a 38% ownership in the combined entity. A special meeting for New Gold shareholders to vote on the arrangement resolution is scheduled for January 27, 2026. The arrangement is subject to shareholder approval, court approval, and other customary closing conditions. The filing also outlines procedures for voting, dissent rights, and the tax implications for shareholders.