Key Highlights

  • Adjusted EPS of USD 0.10 compares with a USD 0.14 estimate, while GAAP diluted EPS was USD 0.11.
  • Revenue was USD 983.6 million against an estimate of USD 1.14 billion and USD 1,085.6 million last quarter.
  • Adjusted EBITDA was USD 448 million, free Cash Flow USD 240 million, and the cash balance USD 1.2 billion.
  • The company repurchased USD 111 million of stock in the quarter and declared a USD 0.02 dividend per share.

Coeur Mining, Inc. (NYSE:CDE) reported third quarter Revenue of USD 983.6 million, against an estimate of USD 1.14 billion and USD 1,085.6 million in the second quarter of 2026. Adjusted Net Income was USD 97.8 million, or USD 0.10 per diluted share, against an estimate of USD 0.14. GAAP net income was USD 109.4 million, or USD 0.11 per diluted share, against USD 0.12 in the second quarter. The company said revenue was up 77% from the third quarter of 2025.

Revenue, Prices and Profit Detail

Gold sales were USD 653.8 million, silver sales were USD 268.2 million and copper sales were USD 61.7 million, representing 67%, 27% and 6% of sales revenue. Average realized prices were USD 3,979 per ounce for gold, USD 62.22 for silver and USD 6.65 per pound for copper, against USD 4,140, USD 71.18 and USD 6.11 in the second quarter.

Adjusted EBITDA was USD 448 million, against USD 478 million in the second quarter. Costs applicable to sales decreased USD 81 million from the second quarter, mainly because a non-cash purchase price allocation effect on inventory was USD 40 million, against USD 140 million. Adjusted costs applicable to sales were USD 2,054 per gold ounce.

Production and Mine-Level Drivers

Gold production was 161,400 ounces, and the company noted sequential production increases of 39% at Rochester and 28% at Wharf. Silver production of 4.2 million ounces was down 12% from a year earlier, which the company linked mainly to lower silver grades at Palmarejo. Copper production was 9,975,124 pounds, with lower mill throughput at New Afton cited for the decline from the second quarter.

The company operates seven wholly owned North American mines: New Afton, Rainy River, Las Chispas, Palmarejo, Rochester, Kensington and Wharf. It also owns the Silvertip polymetallic exploration project in British Columbia.

Cash, Debt and Capital Returns

Cash provided by Operating Activities was USD 386 million and free cash flow was USD 240.2 million. The cash balance of USD 1.2 billion was more than four times the prior-year level. Total debt including finance leases was USD 701.7 million, and the USD 1.0 billion revolving Credit Facility had nothing drawn at September 30.

Since the USD 750 million enhanced share repurchase program began in mid-May, the company has repurchased USD 231 million of stock, or 12.6 million shares, including USD 111 million in the third quarter. The second dividend of USD 0.02 per share is scheduled for payment on December 16, 2026 to holders of record on November 30.

2026 Production and Cost Guidance

Management said it continues to target full-year production at the low end of its guidance ranges, at approximately 630,000 ounces of gold, 18.7 million ounces of silver and 40.0 million pounds of copper. Adjusted costs applicable to sales are described as trending to the upper end of their ranges.

Capital expenditures, exploration and cash taxes are described as trending toward the low end of their ranges. Guidance includes sustaining capital of USD 360 million to USD 405 million and an effective tax rate of 34% to 38%, and assumes gold at USD 4,000 per ounce.

Key Figures Side by Side

Adjusted EPS of USD 0.10 sits alongside revenue of USD 983.6 million, adjusted EBITDA of USD 448 million and free cash flow of USD 240.2 million. Cash of USD 1.2 billion sits next to total debt of USD 701.7 million.

Management named full-year production of approximately 630,000 ounces of gold, 18.7 million ounces of silver and 40.0 million pounds of copper, the December 16 dividend payment, and continued repurchases under the USD 750 million program as its stated items going forward.