New York, January 22, 2026, 15:56 EST — Regular session
- Shares of Coeur Mining jumped roughly 12% in afternoon trading.
- A shareholder vote on Jan 27 will decide Coeur’s proposed share-for-share merger with New Gold.
- Miners have stayed active this week, driven by record bullion prices and upward gold forecasts.
Coeur Mining shares surged 12.1% to $25.69 by mid-afternoon Thursday, pushing higher with a wave of gains in precious-metals miners. Roughly 32 million shares traded, lifting the stock $2.78 above Wednesday’s close.
The move comes just days before a key date: Coeur shareholders will vote on Jan. 27 on amending the charter to increase the number of shares the company can issue. They’ll also consider a proposal to issue stock to New Gold shareholders as part of the planned merger. The deal is all-stock—no cash involved—with New Gold shareholders set to receive 0.4959 Coeur shares for each New Gold share, according to a filing. (SEC)
Bullion is holding strong. Goldman Sachs bumped its year-end 2026 gold price forecast to $5,400 an ounce, pointing to private-sector buying and demand from emerging-market central banks. The bank also highlighted the sharp rise in spot gold this month. Spot gold has jumped over 11% so far in 2026, following a scorching 2025, Reuters reported. (Reuters)
The rally extended beyond Coeur. New Gold surged 12.4% on the day, silver miner Hecla Mining climbed 8.4%, and heavyweight Newmont added 2.3%.
Coeur highlighted upcoming investor engagement, announcing that CEO Mitchell J. Krebs is set to present at TD Cowen’s Global Mining Conference in Toronto on Jan. 29. Presentation materials will be available on the company’s website. (Coeur Mining)
Gold surged past $4,900 an ounce on Thursday, marking a new high, while silver and platinum also reached record levels. Peter Grant, vice president and senior metals strategist at Zaner Metals, told Reuters that “geopolitical tensions, generally weak dollar, expectations for the Fed easing this year” have been driving gold demand. (Reuters)
That said, the setup works both ways. If gold prices slip, miners could lose gains fast. An all-stock deal also makes shares vulnerable to swings in sentiment as investors weigh approval chances. The merger requires several green lights, and any hold-up or unexpected “no” could trigger a swift price adjustment.
Coeur swung from $22.79 up to $25.84 on Thursday, marking a notably wide range for the stock lately. This volatility is attracting not just short-term traders but also longer-term investors increasing their metal bets.
