New York, January 27, 2026, 13:00 (EST) — Regular session.
- Coeur Mining shares were down about 2.5% in midday trade.
- Retail investors poured roughly $171 million into a key silver ETF on Monday, Vanda Research said.
- Investors are watching shareholder votes tied to Coeur’s planned New Gold acquisition.
Shares of Coeur Mining, Inc. fell about 2.5% to $24.81 on Tuesday, after swinging between $24.06 and $26.14 earlier in the session. The stock last closed at $25.45.
The pullback comes as silver has become a crowded momentum trade, pulling miners into the crosshairs of day traders. Retail traders net bought about $171 million of iShares Silver Trust on Monday, Vanda Research said, and “the chase in silver is now more intense than the classic AI trade,” according to Ashwin Bhakre, the firm’s head of product. (Reuters)
In the metals market, gold and silver held near record levels, keeping pressure on short-sellers and tempting fast money. Spot silver jumped 4% to $108.05 an ounce after hitting a record $117.69 on Monday, Reuters reported, while gold stayed above $5,000; “There’s going to be a lot of volatility ahead, with risks of sharp pullbacks (in silver),” said Michael Widmer, commodities strategist at Bank of America. (Reuters)
Coeur had rallied a day earlier with other precious-metals names as bullion pushed higher. On Monday, Coeur gained 2.7% and peer Hecla Mining rose 4.8%, while silver-backed ETFs posted double-digit gains; “We expect a period of ‘stronger for longer’ silver prices to persist in the near to medium term,” Scotiabank analysts said. (Reuters)
Deal risk is also in the mix. Coeur shareholders are voting on proposals needed for its all-stock plan to buy Canada’s New Gold under a court-supervised Canadian “plan of arrangement,” a structure that requires shareholder and court sign-off. Coeur is seeking approval to lift the number of authorized common shares to 1.3 billion from 900 million, and to approve the stock issuance to New Gold holders; under the terms, New Gold shareholders would receive 0.4959 Coeur shares for each New Gold share, and are expected to own about 38% of the combined company, the proxy statement shows. (SEC)
The company scheduled its special meeting for 10:00 a.m. Central Time in a virtual format, with online access opening about 15 minutes before the start, according to Coeur’s event notice. (Coeur Mining)
But the setup cuts both ways for Coeur stock. A sharp dip in silver can hit miners quickly because operating leverage works in reverse, and the fixed exchange ratio in the New Gold deal means swings in Coeur’s share price can change the implied value of the offer from hour to hour.
Coeur also disclosed earlier this month that it had been named in two shareholder complaints and had received demand letters seeking additional disclosure tied to the transaction. The company said it provided supplemental disclosures while disputing the claims, a filing showed. (SEC)
Beyond the deal, investors are looking ahead to Coeur’s next set of numbers. The company said it will report fourth-quarter and full-year 2025 results after the New York Stock Exchange close on February 18, with a conference call scheduled for February 19 led by CEO Mitchell Krebs and CFO Thomas Whelan. (Coeur Mining)
Next up for traders is any formal update on the shareholder vote, and whether silver holds above the $100 level after the latest spike. The Federal Reserve decision due on January 28 and Coeur’s Feb. 18 earnings release are the next clear dates on the calendar.
