AcquisitionsMay 6, 2026, 04:43 PM
Coeur Mining Completes New Gold Acquisition; Q1 Revenue $856.2M, Net Income $246.8M
AI Summary
Coeur Mining completed its acquisition of New Gold Inc. on March 20, 2026, for an implied equity value of approximately $6.9 billion, significantly expanding its gold and copper production and Canadian presence. This strategic move contributed to a substantial increase in the company's first-quarter financial results. For the three months ended March 31, 2026, Coeur Mining reported a significant rise in revenue and net income, alongside strong operating cash flows.
Key Highlights
- New Gold acquisition completed on March 20, 2026, for an implied equity value of $6.9 billion.
- Q1 2026 Revenue increased to $856.2 million from $360.1 million year-over-year.
- Q1 2026 Net Income rose to $246.8 million from $33.4 million year-over-year.
- Basic EPS for Q1 2026 was $0.36, up from $0.06 year-over-year.
- Cash provided by operating activities surged to $340.8 million.
- Issued $385.8 million in 2032 Senior Notes via an exchange offer.
- Canada revenue reached $134.2 million in Q1 2026 due to the acquisition.
- Total assets increased to $15.26 billion from $4.70 billion since December 31, 2025.