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Coeur Mining’s $856 Million Record Quarter: Can New Gold Assets Unlock More Upside?

Coeur Mining reported strong first quarter results in 2026, despite the inherent seasonality of Q1 being their softest quarter. The quarter’s performance included record revenue of $856 million and EBITDA of $475 million, reflecting increases of 18% in silver production and 11% in gold production year-over-year. These improvements were partially driven by contributions from newly acquired assets—specifically, 11 days of production from the New Afton and Rainy River mines following the acquisition of New Gold. Free cash flow reached $267 million for the quarter, even after absorbing more than $200 million in quarter-specific and one-time charges, underscoring a solid liquidity position with cash and equivalents rising nearly elevenfold to $843 million compared to the prior year. Looking forward, Coeur Mining expects full-year 2026 production to approximate 750,000 ounces of gold, over 20 million ounces of silver, and nearly 60 million pounds of copper.