Coeur Mining Completes Major Senior Notes Exchange Offer

Coeur Mining ( (CDE) ) has provided an announcement.

On April 22, 2026, Coeur Mining completed a previously announced private exchange offer and consent solicitation involving New Gold Inc.’s US$400 million of 6.875% senior notes due 2032. The company issued US$385.774 million of its own 6.875% senior notes due 2032 in a private exchange to eligible holders, with no cash proceeds raised and approximately US$771,600 paid in cash consideration and related amounts.

The transaction resulted in about US$385.8 million, or 96.45% of the outstanding New Gold notes, being tendered and accepted, effectively substituting Coeur’s unsecured senior obligations for most of the existing New Gold paper. The new notes, guaranteed by certain Coeur subsidiaries and subject to restrictive covenants and standard default provisions, reshape the company’s capital structure and rank pari passu with its other unsecured senior debt while remaining subordinated to secured borrowings and non‑guarantor subsidiary liabilities.

The most recent analyst rating on (CDE) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Coeur Mining stock, see the CDE Stock Forecast page.

Spark’s Take on CDE Stock

According to Spark, TipRanks’ AI Analyst, CDE is a Outperform.

The score is driven by strong 2025 financial improvement (profitability and free cash flow) and a positive earnings outlook, partially offset by weak technical signals (below key moving averages with negative MACD) and only moderate valuation support (P/E ~19 and no dividend).

To see Spark’s full report on CDE stock, click here.

More about Coeur Mining

Coeur Mining, Inc., listed on the NYSE under ticker CDE, is a U.S.-based, well‑diversified precious metals producer. The company operates seven wholly‑owned mines across Canada, Mexico and the United States, producing gold, silver and copper, and also owns the Silvertip polymetallic critical minerals exploration project in British Columbia, Canada.

Its portfolio includes the New Afton gold‑copper mine and Rainy River gold‑silver mine in Canada, the Las Chispas and Palmarejo silver‑gold mines in Mexico, and the Rochester, Kensington and Wharf gold and silver operations in the U.S. These assets position Coeur as a growing player in the North American precious metals sector.

Average Trading Volume: 28,063,844

Technical Sentiment Signal: Buy

Current Market Cap: $19.08B

For a thorough assessment of CDE stock, go to TipRanks’ Stock Analysis page.