| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 856.19 | 137.8% |
| Total Income | 856.19 | 137.8% |
| Expenditure | 507.02 | 70.2% |
| PBT | 348.72 | 573.6% |
| Net Profit | 246.76 | 639.9% |
| OPM | 40.78% | 23.52pp |
| NPM | 28.82% | 19.56pp |
| EPS | 0.36 | 500.0% |
Coeur Mining Reports Record Q1 2026 Financial Results, Revenue Up 138% YoY
07 May 2026 · 7 May, 2:14 am
Summary
Coeur Mining, Inc. delivered record first quarter 2026 financial results, with consolidated revenue climbing to $856.2 million, a substantial 137.8% increase year-over-year. Adjusted EBITDA reached a new quarterly record of $474.9 million, nearly quadrupling from the prior year and growing 12% quarter-over-quarter. The company's strong performance was underpinned by solid production, with gold ounces up 11% and silver ounces up 18% year-over-year, alongside a robust free cash flow of $266.8 million. Management highlighted the successful integration of the New Gold transaction and reaffirmed full-year guidance, emphasizing a strong financial position and a commitment to returning capital to stockholders through an expanded share repurchase program and an inaugural dividend policy.
Key Highlights
- 1
Coeur Mining, Inc. reported record first quarter 2026 financial results, with consolidated revenue reaching $856.2 million, marking a significant 137.8% increase year-over-year.
- 2
Adjusted EBITDA surged by nearly four-fold year-over-year to a record $474.9 million, also increasing 12% compared to the prior quarter.
- 3
The company's cash and cash equivalents soared to $843.2 million, representing a 52% increase from the prior quarter and a near eleven-fold increase compared to the prior-year period.
- 4
First quarter free cash flow totaled $266.8 million, contributing to a strong financial position despite several first-quarter specific outflows.
- 5
Gold production increased by 11% year-over-year to 96,503 ounces, while silver production rose by 18% year-over-year to 4.4 million ounces.
- 6
Coeur announced an expanded $750 million share repurchase program and established an inaugural semiannual dividend policy of $0.02 per share.
- 7
The New Gold transaction was completed on March 20, 2026, and an updated technical report for Rainy River highlights a mine life extension to 2035.
Management Comments
Mitchell J. Krebs
Coeur delivered a strong start to what is expected to be a record year, with every mine in the portfolio contributing to record first quarter results. Adjusted EBITDA reached a new quarterly record and free cash flow remained robust, leading to a quarter-end cash balance of over $840 million – nearly an eleven-fold year-over-year increase. Our recently updated financial policy is designed to maintain flexible liquidity levels while also returning capital to stockholders through prudent share repurchases and the initiation of a sustainable dividend policy. Our results were especially impressive given the quarter was our softest of the year as expected, with several first quarter-specific outflows totaling over $200 million, and only eleven days of contribution from New Afton and Rainy River following the close of the New Gold transaction on March 20th. Starting with the second quarter, Coeur is equipped to deliver on the full potential of our enhanced platform, built through a combination of investments in exploration and expansions and two well-timed M&A transactions. With our well-balanced platform of seven operations, Coeur remains exceptionally well positioned as the sector’s only senior all-North America precious metals company and top-five global silver producer.
Informational and educational content only. Not investment advice.