Coeur Mining Reports Q3 2026 Earnings: 77% YoY Revenue Growth and $1.2B Cash Balance

Overview of Filing

On November 4, 2026, Coeur Mining, Inc. (NYSE: CDE) filed a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits), furnishing its financial and operational results for the third quarter ended September 30, 2026 via Exhibit 99.1.

Key Financial Highlights

• Revenue: Reached $983.6 million (~$1.0 billion), marking a 77% year-over-year increase driven by contributions from newly acquired Canadian operations (New Afton and Rainy River).
• Net Income: Reported GAAP net income of $109.4 million, or $0.11 per diluted share, compared to $266.8 million ($0.41 per share) in Q3 2025. Adjusted net income stood at $97.8 million ($0.10 per share).
• Adjusted EBITDA: Rose 69% year-over-year to $448.0 million.
• Cash Flows & Balance Sheet: Operating cash flow reached $386.0 million, and Free Cash Flow climbed 27% YoY to $240.0 million. Total cash balance expanded over fourfold year-over-year to $1.2 billion.
• Realized Metal Prices: Average realized prices were $3,979/oz for gold and $62.22/oz for silver, down sequentially from $4,140/oz and $71.18/oz in Q2 2026.

Operational Performance & Production

• Gold Production: Totaled 161,400 ounces, supported by quarter-over-quarter production growth at Rochester (+39%) and Wharf (+28%).
• Silver Production: Totaled 4.2 million ounces, down 12% YoY due to lower grades at Palmarejo.
• Operational Headwinds: Weather impacts (heavy rains at Rainy River and Palmarejo) and temporary conveyor downtime at New Afton moderately constrained quarterly output.

Capital Allocation & Guidance

• Share Repurchases: Repurchased $111 million of common stock during Q3 2026 under the enhanced $750 million program (~46% of quarterly free cash flow returned). Cumulative repurchases since mid-May reached $231 million (12.6 million shares).
• Dividends: Declared a quarterly dividend of $0.02 per share, payable on December 16, 2026 to stockholders of record on November 30, 2026.
• Full-Year 2026 Guidance: Coeur reaffirmed targets at the lower end of its annual guidance ranges (~630,000 oz gold, 18.7M oz silver, and 40.0M lbs copper), projecting full-year adjusted EBITDA in excess of $2.0 billion and free cash flow above $1.3 billion at prevailing metal prices.