Coeur Mining has transformed into a diversified North American precious metals producer after acquiring New Gold, shifting away from its silver-miner legacy. CDE delivered record Q1 2026 results, with revenue up 138% and free cash flow surging 1,383%, driven by strong production and high metals prices. With a net cash position, expanded buyback, and first-ever dividend, CDE is financially robust and trades at a significant valuation discount to peers like Hecla.
Coeur Mining remains a strong buy after the New Gold acquisition, with robust production, cash flow, and a conservative valuation supporting long-term upside. CDE's Q1 performance was solid, reaffirming production guidance and highlighting a strong balance sheet, expanded credit facility, and a $750 million buyback program. Management plans to record exploration investment in 2026, focusing on high-potential assets and leveraging capital inflows from NGD to reshape the company's future.
Coeur Mining posted record Q1 '26 results and expects over $3B in EBITDA and $2B of free cash flow in 2026, contingent on strong metal prices. Recent New Gold acquisition boosts reserves and future production, with the strongest quarters ahead as new mines contribute fully. Coeur now has a net cash balance sheet after peak net leverage of 4.1x in 2023.
Coeur Mining maintains a buy rating despite a bearish technical setup and gold's decline below its 200-day average. CDE delivered record Q1 revenue and EBITDA, driven by balanced production, higher realized prices, and the accretive New Gold acquisition. Valuation remains compelling, with shares trading below a $22 fair value target and boasting a nearly 9% free cash flow yield.
Coeur Mining gained 91.9% in the past year on record cash flow, rising gold and silver output and New Gold asset integration as Rainy River and New Afton boost growth.
Coeur Mining and Hecla Mining are capitalizing on strong gold and silver markets by increasing production, advancing expansion projects and improving cash flow in 2026.
CDE boosted Q1 gold and silver output with new mine additions, while operating cash flow surged on stronger metal prices and asset growth.
Coeur Mining (CDE) has fundamentally strengthened its financial and operational base, with a materially larger asset platform and improved balance sheet. Q1 2026 revenue more than doubled YoY, driven by elevated precious metals prices, operating leverage, and acquisition-driven scale expansion. The New Gold acquisition was transformational, boosting gold equivalent reserves by 46% and measured and indicated resources by 68%.
Coeur Mining, Inc. maintains its Strong Buy rating with a 14% discount. CDE's "economic moat" is strengthening thanks to diversification and the effective use of capital expenditures. The article separately examines the effects of capital expenditures and the risks associated with integrating new assets.
Coeur Mining NYSE: CDE reported what executives described as a record first quarter, with results boosted by higher silver and gold production and a partial contribution from assets acquired in the recently completed New Gold transaction.
Coeur Mining, Inc. (CDE) Q1 2026 Earnings Call Transcript
Coeur Mining (CDE) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.11 per share a year ago.