$CDE · Coeur Mining, Inc.
Coeur Mining filed an 8-K (Item 2.02) reporting Q3 2026 results. Revenue rose 77% YoY to $983.6M, driven by newly acquired Canadian operations. GAAP net income was $109.4M ($0.11/share); adjusted net income was $97.8M ($0.10/share). Adjusted EBITDA rose 69% YoY to $448.0M, and free cash flow rose 27% to $240.2M. Cash balance grew to $1,172.7M, and the company declared a $0.02/share dividend payable December 16, 2026.
- Revenue of $983.6M, up 77% YoY from $554.6M in Q3 2025.
- GAAP net income of $109.4M ($0.11/share); adjusted net income $97.8M ($0.10/share).
- Adjusted EBITDA of $448.0M, up 69% YoY; free cash flow $240.2M, up 27%.
- Cash balance rose to $1,172.7M; total debt $701.7M.
- Repurchased $231M of stock since mid-May, including $111M in Q3; declared $0.02/share dividend.
Stock closed +8.72% at $14.58; extended-hours last trade $14.50, down 0.55% from the close, suggesting a muted after-hours reaction to results.
Coeur's Canadian acquisitions are transforming its scale, with revenue up 77% YoY and a fourfold cash increase, while it returns nearly half of free cash flow to shareholders.
Lower realized gold ($3,979/oz) and silver ($62.22/oz) prices versus the prior quarter pressured revenue despite the Canadian acquisition-driven growth.
Operational challenges included a New Afton conveyor failure, heavy rains at Rainy River and Palmarejo, and lower silver grades at Palmarejo, cutting silver production 12% YoY.