New Gold's board is officially recommending shareholders vote to approve the acquisition by Coeur Mining. The meeting to finalize the vote is set for January 27, 2026. Under the deal terms, shareholders will receive 0.4959 shares of Coeur stock for every New Gold share they own. After the transaction, New Gold investors will hold about 38% of the combined company. Management says the merger creates a larger North American producer with better liquidity and expects $2 billion in free cash flow for 2026. They have already received Competition Act approval, so the main hurdle left is the shareholder vote.