Coeur Mining shares surge 10.24% premarket as court approves New Gold acquisition.

Coeur Mining surged 10.24% in premarket trading following court approval of its $7-billion acquisition of New Gold Inc., granting control of the Rainy River and New Afton mines in Canada. The Supreme Court of British Columbia’s decision clears a critical regulatory hurdle for the merger, which is expected to close in the first half of 2025, expanding Coeur’s North American operations to seven assets with pro forma production of 900,000 ounces of gold and 20 million ounces of silver annually. The approval reinforces investor confidence in the strategic growth trajectory and operational scale, aligning with bullish analyses highlighting Coeur’s undervaluation and merger-driven upside.