Coeur Mining Q3 revenue jumps 77% on Canadian acquisitions
CDE•Coeur Mining's third-quarter revenue rose 77% year over year to $1.0 billion, driven mainly by newly acquired Canadian operations. Adjusted EPS was $0.10, and the company targets 2026 adjusted EBITDA above $2 billion and free cash flow above $1.3 billion.
1. Quarterly results
Coeur Mining reported third-quarter revenue of $1.0 billion, up 77% year over year, with newly acquired Canadian operations the main driver. Adjusted EPS was $0.10; the results table lists EPS of $0.11, net income of $109 million and adjusted EBITDA of $448 million, below a $605 million consensus estimate from one analyst. The company repurchased $111 million in shares, nearly half of its third-quarter free cash flow.
2. 2026 targets
Coeur targets 2026 production of 630,000 ounces of gold, 18.7 million ounces of silver and 40 million pounds of copper. It expects 2026 adjusted EBITDA above $2 billion and free cash flow above $1.3 billion, and expects stronger operational and financial results in 2027 due to its Canadian operations. Higher gold output at Rochester and Wharf contributed to sequential production growth, while lower metal sales at New Afton, Rainy River and Palmarejo reduced operating cash flow.
