Coeur Mining Raises Production Forecast Post New Gold Acquisition

SEATTLE (Scrap Monster): Coeur Mining Inc. has announced a major corporate update following the completion of its acquisition of New Gold Inc. on March 20, 2026, outlining higher production guidance, expanded reserves, and a strengthened capital return strategy.

The integration of the New Afton and Rainy River mines is expected to significantly boost Coeur’s 2026 output. The company forecasts consolidated production of 680,000–815,000 ounces of gold, 18.7–21.9 million ounces of silver, and 50–65 million pounds of copper, incorporating nine months of contribution from the newly acquired Canadian assets.

Backed by strong free cash flow, Coeur’s Board has approved a $750 million share repurchase program alongside its first semiannual dividend of $0.02 per share. The company has also secured a $1.0 billion revolving credit facility to enhance liquidity.

Updated technical reports highlight mine life extension opportunities at both New Afton and Rainy River, supported by robust production profiles. Additionally, the newly identified K-Zone resource at New Afton signals further long-term growth potential.

The acquisition positions Coeur as a leading North American precious metals producer with enhanced scale, diversification, and financial flexibility.