10-K · February 18, 2026
Coeur’s 2025 results show a material operational and cash-flow inflection driven by asset integration and higher realized metals prices, with Q4 2025 revenue of $678,847,000 and very strong margins (gross 65.3%,…
Earnings analysis · 10-Q
CDE earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Coeur Mining, Inc. reported a strong Q1 2026 with revenues of $856 million and diluted EPS of $0.35, beating analyst expectations, while free cash flow was $267 million. Significant operational increases were driven by…
Read full summary
Coeur Mining, Inc. reported a strong Q1 2026 with revenues of $856 million and diluted EPS of $0.35, beating analyst expectations, while free cash flow was $267 million. Significant operational increases were driven by higher gold and silver sales and record metal prices, combined with post-acquisition contributions from New Gold operations. The company has adequate liquidity and continues to execute its capital expenditures plan while navigating various operational challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.35
- Segment
- Gold
- Segment
- Silver
- Segment
- Copper
What stood out
-
Revenue Surge to $856 Million
Revenue increased by 138% year-over-year from $360M in Q1 2025.
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Diluted EPS at $0.35, Exceeds Estimate
EPS rose from $0.06 in Q1 2025, a substantial increase due to higher metal prices.
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Record Free Cash Flow of $267 Million
Free cash flow increased significantly from $17.6 million in Q1 2025.
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Operating Strength from New Gold Acquisitions
The integration of New Gold's operations contributed significantly to Q1 results.
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Strong Liquidity Position
Cash and cash equivalents reached $843 million, a 52% increase from Q4 2025.
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Projected Production Increase in 2026
Full-year production guidance remains at 680,000 - 815,000 ounces of gold.
What to watch
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Increased Cost Due to Acquisition
Costs applicable to sales increased by 62% year-over-year, impacting profitability.
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Integration Challenges from New Gold Acquisition
Post-acquisition integration remains complex, with operational risks inherent.
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Geopolitical and Economic Risks
Operations in Mexico face potential disruptions from local violence and regulatory risks.
Management's outlook
2026 guidance increased: Revenue guidance revised to $3.5B-$3.8B from $3.2B-$3.5B.
Earlier filings 4
10-Q · October 29, 2025
Coeur reported a materially stronger quarter driven by the SilverCrest acquisition: revenue of $554,567,000 and operating income of $177,087,000 for Q3 2025, producing diluted EPS of $0.41. Cash from operations was…
10-Q · August 6, 2025
Coeur reported a materially stronger quarter driven by the February 14, 2025 SilverCrest acquisition: revenue rose to $480,650,000 (Q2 2025) versus $222,026,000 a year earlier and income from operations increased to…
10-Q · May 7, 2025
Coeur Mining reported a large quarter driven by the SilverCrest acquisition: revenue of $360,062 (thousands) vs $213,060 in Q1 2024 and operating income of $62,156 (thousands) vs an operating loss of $(3,357) a year…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.