Coeur Mining’s New Gold Deal to Drive 1.25M Oz Production in 2026
Coeur Mining is set to complete its acquisition of New Gold in H1 2026, boosting its portfolio to seven North American mines and targeting 1.25 million gold-equivalent ounces of production next year. Despite a slight EPS miss in its last quarter, CDE shares have tripled over the past year and maintain a consensus Buy rating above an $18 price target.
1. Merger and Production Growth
Coeur Mining’s acquisition of New Gold, expected to close in the first half of 2026, expands its footprint to seven operating mines across North America. This deal positions the company to produce approximately 1.25 million gold-equivalent ounces in 2026, up significantly from current output levels.
2. Recent Financial Performance
In its most recent quarter, Coeur slightly missed consensus EPS estimates, but generated improved cash flow that supports both operations and the integration of New Gold assets. The company’s shares have tripled over the last 12 months, reflecting investor optimism about its growth trajectory.
3. Analyst Ratings and Outlook
Wall Street maintains a solid Buy rating on Coeur Mining, with the consensus price target slightly above $18 per share. Analysts cite the transformative impact of the New Gold merger and steady cash flow improvement as key drivers for future valuation upside.