Coeur Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $1.0B, up 77% year over year, driven by Canadian operations
- ➤Adjusted EBITDA $448M, up 69% year over year
- ➤Cash balance $1.2B after $231M share repurchases since mid-May
- ➤Full-year targets include record production and adjusted EBITDA exceeding $2B
- ➤Q3 free cash flow $240M, with nearly 46% returned through buybacks
Expert Statements
Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur Mining
“The Company continued generating strong financial and operational results from its recently expanded portfolio of seven North American operations despite lower prices and several short-term operational challenges encountered during the quarter. However, we remain on-track to deliver strong fourth quarter results to cap off a transformative and record year for the Company.”
Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur Mining
“Wharf delivered another strong quarter, Las Chispas achieved another steady quarter of performance, and Rochester’s crusher set new records for tonnes crushed in the period. Solid progress was achieved with the ongoing ramp-ups at both New Afton and Rainy River despite unexpected conveyor downtime at New Afton during the quarter and heavy rains that impacted open pit operations at Rainy River. Heavy seasonal rains at Palmarejo also contributed to lower than anticipated production.”
Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur Mining
“As we look ahead to year-end, we expect strong fourth quarter results to drive record full-year 2026 production and financial performance, including record adjusted EBITDA of over $2 billion and free cash flow exceeding $1.3 billion at current prices. With a bolstered liquidity position and a full year of contributions from our new Canadian operations next year, we are well-positioned to deliver even stronger operational and financial results in 2027.”
Newly-acquired Canadian operations drive 77% year-over-year revenue growth; cash balance increases to $1.2 billion after returning nearly 50% of quarterly free cash flow to stockholders; Company remains on track for record full-year results
Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE, TSX: CDE) today reported third quarter 2026 financial results, including revenue of $1.0 billion and cash flow from operating activities of $386 million. The Company reported quarterly GAAP net income of $109 million, or $0.11 per share. On an adjusted basis(1), Coeur reported quarterly adjusted EBITDA(1 )of $448 million, cash flow from operating activities before changes in working capital of $409 million and net income of $98 million, or $0.10 per share. Adjusted EBITDA(1) and net income were reduced by $40 million, or $(0.03) per share, of non-cash expense due to purchase price allocation accounting for Rainy River’s stockpile inventory.
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