Coeur Mining Reports 77% Q3 Revenue Jump on Higher Metal Prices
Coeur Mining’s Q3 revenues rose 77% year-over-year, driven by higher realized silver and gold prices. The company sustained balanced output across its five mines and accelerated debt reduction efforts, enhancing its leverage profile.
1. CDE Stock Up 236% Over Past Year
Coeur Mining’s share price has climbed 236% over the last twelve months, driven by a combination of rising precious metals prices, strong operational performance at its five wholly-owned mines and aggressive balance sheet repair. The rally places CDE among the top-performing mid-tier gold and silver producers globally, outpacing peers by over 80 percentage points.
2. Q3 Revenue Surges 77% on Higher Metal Prices
In the third quarter, CDE reported revenues that jumped 77% year-over-year, fueled by realized gold prices above $1,900 per ounce and silver at roughly $24 per ounce. Production remained balanced across Las Chispas, Palmarejo, Rochester, Kensington and Wharf, combining for 200,000 gold-equivalent ounces. Cost of sales rose just 12%, thanks to economies of scale at Rochester and process improvements at Las Chispas.
3. Rapid Deleveraging Fuels Financial Flexibility
Since September 2024, CDE has paid down approximately $180 million of debt, reducing net leverage from 2.4x to 1.3x net debt to adjusted EBITDA. The company says free cash flow generation of $140 million in the last twelve months has funded both the repayments and a $25 million share repurchase program, while preserving over $200 million in liquidity at the parent level.
4. Upcoming Q4 and Full-Year 2025 Earnings Call
Coeur Mining will release its fourth quarter and full-year 2025 results on February 18, 2026, after market close, followed by a conference call at 11:00 a.m. Eastern Time on February 19. Mitchell J. Krebs, CEO, and Tom Whelan, CFO, will discuss outcomes, including 2025 production of 820,000 gold-equivalent ounces and preliminary guidance of 850,000–880,000 ounces for 2026, with a replay available through February 26.