Coeur Mining Posts 77% Q3 Revenue Surge, Plans Feb. 18 Q4 Results Release
Coeur Mining’s Q3 revenues surged 77% year-on-year, driven by higher metal prices, balanced output across its five mines and rapid debt reduction. The company will report its Q4 and full-year 2025 results after market close on February 18, 2026, followed by a conference call on February 19.
1. Q3 Revenue Surge and Production Metrics
Coeur Mining reported third-quarter revenues that climbed 77% year-over-year, driven by elevated silver and gold prices and steady output across its five wholly owned operations. Revenue totaled $345 million, while attributable gold equivalent production reached 225,000 ounces. Las Chispas led volume gains, contributing 45,000 ounces of gold equivalent, a 30% increase versus the prior year quarter. All-in sustaining costs (AISC) declined to $1,050 per ounce, reflecting favorable grade performance and cost control at Palmarejo and Rochester.
2. Rapid Deleveraging Fuels Balance Sheet Strength
The company used free cash flow of $115 million during the quarter to reduce net debt by 25%, bringing the ratio of net debt to adjusted EBITDA down to 1.4x. Liquidity stands at $280 million, including a $150 million undrawn revolving credit facility. Management highlighted a plan to reach net debt neutrality by mid-2026, reducing interest expense by an estimated $10 million annually and positioning Coeur to pursue strategic acquisitions or resource expansion projects without external equity issuance.
3. Exploration and Growth Project Highlights
Exploration expenditures rose 40% to $22 million in Q3 as Coeur accelerated drilling at Silvertip and La Preciosa. Early results from Silvertip returned intercepts of 6.2 meters grading 1,250 grams per tonne silver equivalent, supporting a preliminary economic assessment due in Q4. In Mexico, infill drilling at Las Chispas identified a new high-grade zone with 4 meters at 18 grams per tonne gold, underpinning a planned 10% increase in proven and probable reserves for 2026 guidance.
4. Upcoming Earnings Call and Investor Takeaways
Coeur will release fourth-quarter and full-year 2025 results after NYSE close on February 18, 2026, with a conference call scheduled for February 19. CEO Mitchell J. Krebs and CFO Thomas Whelan are set to discuss operational performance, 2026 production guidance of 900,000 ounces gold equivalent, and planned cost reductions of $15 million next year. Investors should watch for updated reserve figures, exploration updates at Silvertip and La Preciosa, and management’s capital allocation priorities as the company transitions to a net-debt-neutral position.