CDE earnings analysis
What we found in CDE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surge to $856 Million
- Revenue increased by 138% year-over-year from $360M in Q1 2025.
- Diluted EPS at $0.35, Exceeds Estimate
- EPS rose from $0.06 in Q1 2025, a substantial increase due to higher metal prices.
- Record Free Cash Flow of $267 Million
- Free cash flow increased significantly from $17.6 million in Q1 2025.
- Operating Strength from New Gold Acquisitions
- The integration of New Gold's operations contributed significantly to Q1 results.
- Strong Liquidity Position
- Cash and cash equivalents reached $843 million, a 52% increase from Q4 2025.
- Projected Production Increase in 2026
- Full-year production guidance remains at 680,000 - 815,000 ounces of gold.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Cost Due to Acquisition
- Costs applicable to sales increased by 62% year-over-year, impacting profitability.
- Integration Challenges from New Gold Acquisition
- Post-acquisition integration remains complex, with operational risks inherent.
- Geopolitical and Economic Risks
- Operations in Mexico face potential disruptions from local violence and regulatory risks.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.35
- Segment
- Gold
- Segment
- Silver
- Segment
- Copper
What they said about what is next.
2026 guidance increased: Revenue guidance revised to $3.5B-$3.8B from $3.2B-$3.5B.
The filing reads better than the one before it.
What came before.
- 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%,…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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