Coeur Mining Boosts Output 80% with New Gold Acquisition, $750M Buyback
Coeur Mining finalized its acquisition of New Gold on March 20, 2026, adding New Afton and Rainy River mines. The deal boosts 2026 guidance by 80% to 680,000–815,000 ounces of gold and 18.7–21.9 million ounces of silver, and authorizes a $750M buyback, $0.02 dividend and $1B revolver.
1. Acquisition Completion
Coeur Mining completed its acquisition of New Gold on March 20, 2026, integrating the New Afton gold-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario into its existing portfolio of five North American operations. This acquisition expands Coeur’s operational platform from five to seven mines across North America.
2. Production Guidance Uplift
Following the deal, Coeur’s 2026 consolidated production guidance rises to 680,000–815,000 ounces of gold (an 80% increase), 18.7–21.9 million ounces of silver and 50–65 million pounds of copper. The enlarged asset base is expected to significantly enhance the company’s free cash flow generation.
3. Capital Allocation and Financing
To support its growth and return capital, Coeur authorized a $750 million share repurchase program and initiated a $0.02 per share semiannual dividend. These measures are underpinned by a new $1 billion revolving credit facility replacing the prior $400 million facility, bolstering liquidity and financial flexibility.