Coeur Mining Q1 Earnings Call Highlights

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Sat, May 9, 2026 astatine 12:12 PM CDT 7 min read

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Coeur Mining (NYSE:CDE) reported what executives described arsenic a grounds archetypal quarter, with results boosted by higher metallic and golden accumulation and a partial publication from assets acquired successful the precocious completed New Gold transaction.

Chairman, President and CEO Mitchell Krebs said the institution had a “strong start” to 2026 contempt the archetypal 4th typically being its softest play of the year. He noted that the 4th included lone 11 days of contributions from the recently acquired New Afton and Rainy River mines.

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First-quarter metallic accumulation roseate 18% twelvemonth implicit year, portion golden accumulation accrued 11%, according to Krebs. Quarterly gross reached a grounds $856 million. EBITDA accrued 12% from the 4th fourth and astir quadrupled twelvemonth implicit twelvemonth to a grounds $475 million. Coeur besides generated $267 cardinal of escaped currency flow, which Krebs said came contempt much than $200 cardinal of quarter-specific and one-time items.

Cash and equivalents roseate to $843 million, which Krebs said was astir 11 times higher than a twelvemonth earlier.

New Gold assets expected to reshape accumulation illustration

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Coeur closed its acquisition of New Gold during the quarter, adding the New Afton and Rainy River mines successful Canada. Krebs said the remaining 3 quarters of the twelvemonth volition bespeak afloat contributions from some operations, on with higher output from Rochester and a rebound astatine Wharf pursuing a occurrence successful the crusher gathering past November.

Using the midpoint of its guidance ranges, Coeur expects to nutrient astir 750,000 ounces of gold, much than 20 cardinal ounces of metallic and astir 60 cardinal pounds of copper successful 2026. Krebs said the Canadian assets are the main drivers down an expected 80% summation successful golden accumulation compared with past year, portion besides introducing copper into Coeur’s metals premix and lowering the company’s wide outgo profile.

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The institution expects much than 20 cardinal ounces of metallic accumulation this year, up astir 13% from past year. Krebs attributed the summation to a full-year publication from Las Chispas, acquired done the SilverCrest transaction successful mid-February past year, and a further expected step-up astatine Rochester. He said that level of metallic accumulation should support Coeur among the apical 5 planetary metallic producers and is expected to correspond much than 30% of gross this twelvemonth based connected caller prices.

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