New Gold stock jumps as Coeur rallies, putting merger vote back in focus
New Gold shares surged nearly 13% Thursday as gold prices hit a record above $4,900 an ounce. Investors are positioning ahead of a Jan. 23 deadline for a shareholder vote on New Gold’s proposed merger with Coeur Mining. The deal would give New Gold holders 0.4959 Coeur shares each. Proxy adviser Glass Lewis recommended approval.