Coeur Mining, Inc. (NYSE, TSX: CDE) completed its exchange offer for New Gold Inc. senior notes, accepting $385.8 million in aggregate principal amount of the existing notes, representing approximately 96.45% of the outstanding securities.

The exchange offer expired at 5:00 p.m. New York time on April 20, 2026. Coeur accepted all validly tendered notes, including $385.3 million tendered by the early participation date of April 3 and an additional $500,000 tendered after that date.

In exchange for the accepted notes, Coeur issued $385.774 million in aggregate principal amount of its own 6.875% Senior Notes due 2032 and approximately $771,600 in cash. The settlement date for the exchange is April 22, 2026.

The original notes being exchanged were 6.875% Senior Notes due 2032 issued by New Gold Inc., with $400 million in aggregate principal amount outstanding. Global Bondholder Services Corporation served as the information agent and exchange agent for the transaction, while RBC Capital Markets, LLC acted as dealer manager.

The new notes issued by Coeur have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption.

Coeur Mining operates seven precious metals mining operations across North America, including facilities in British Columbia, Ontario, Mexico, Nevada, Alaska and South Dakota.