Jun 2026 (Q2 FY26) — Aug 6, 2026
Coeur Mining Q2 FY26 — Record Financials Driven by Acquisitions, Strong H2 Expected Despite Operational Adjustments
Read the full callCoeur Mining (CDE) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Coeur Mining earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,086 | +125.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 19.9 | −9.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 122 | +72.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
29 of 32 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| New Gold transaction closing | close by the end of the first quarter | Dec 2025 | Coeur's record second quarter results were driven in large part by the first full quarter of contributions from the recently acquired New Afton and Rainy River operations. | Achieved |
| Depletion of acquired stockpiles at Rainy River | depleted by the end of the third quarter | Jun 2026 | We expect the acquired high- and medium-grade stockpiles to be depleted by the end of the third quarter but we will be building up a new stock pale to provide that important level of flexibility with all of keeping the mill full at times. | New |
3 of Coeur Mining, Inc.'s 48 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 46 more targets are in the full ledger.
Claimed
- Record quarterly revenue of $1.1 billion, a 27% increase quarter-over-quarter.
- Record adjusted EBITDA of $478 million, despite a $141 million non-cash expense.
- Record free cash flow of $388 million, an increase of 45% versus last quarter.
- Cash balance exceeded $1 billion for the first time, doubling versus year-end 2025.
- Initiated share repurchases of $110 million and paid the company's first dividend in 30 years ($0.02 per share).
Qualified
- Lower realized gold and silver prices in Q2, particularly in June.
- Lower-than-planned grades at Kensington, Rochester, and Palmarejo.
- Slower-than-expected ramp-up of underground production rates at Rainy River, requiring $25 million in additional capital and operating costs.
- New Afton's C-zone cave growth rate slower than anticipated, leading to revised partial year guidance.
- Non-cash acquisition accounting impact of $140 million ($0.10 per share) on Q2 EPS and EBITDA from Rainy River stockpile inventory.
Price
$15.33 −0.90% · −$0.14
Performance −27.2% 1Y
1Y: $21.05 on 17 Oct 2025 → $15.33. High $27.15 (27 Feb 2026), low $13.82 (4 Nov 2025).
- Previous close
- $15.47
- 52-week range
- $13.82 – $27.15
- One year
- −30.41%
Overview
- Symbol
- CDE
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
29 of 32 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| New Gold transaction closing | close by the end of the first quarter | Dec 2025 | Coeur's record second quarter results were driven in large part by the first full quarter of contributions from the recently acquired New Afton and Rainy River operations. | Achieved |
| Depletion of acquired stockpiles at Rainy River | depleted by the end of the third quarter | Jun 2026 | We expect the acquired high- and medium-grade stockpiles to be depleted by the end of the third quarter but we will be building up a new stock pale to provide that important level of flexibility with all of keeping the mill full at times. | New |
Claimed
- Record quarterly revenue of $1.1 billion, a 27% increase quarter-over-quarter.
- Record adjusted EBITDA of $478 million, despite a $141 million non-cash expense.
- Record free cash flow of $388 million, an increase of 45% versus last quarter.
- Cash balance exceeded $1 billion for the first time, doubling versus year-end 2025.
- Initiated share repurchases of $110 million and paid the company's first dividend in 30 years ($0.02 per share).
Qualified
- Lower realized gold and silver prices in Q2, particularly in June.
- Lower-than-planned grades at Kensington, Rochester, and Palmarejo.
- Slower-than-expected ramp-up of underground production rates at Rainy River, requiring $25 million in additional capital and operating costs.
- New Afton's C-zone cave growth rate slower than anticipated, leading to revised partial year guidance.
- Non-cash acquisition accounting impact of $140 million ($0.10 per share) on Q2 EPS and EBITDA from Rainy River stockpile inventory.
The full ledger
Open Coeur Mining, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 48 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Coeur Mining Q1 FY26 — Record Revenue and EBITDA Driven by New Acquisitions
Read the full callEvery analysed call
Coeur Mining earnings calls (CDE)
Financials
What the filings say
Net profit, year on year: +72% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 313 | 305 | 360 | 481 | 555 | 675 | 856 | 1,086 |
| Expenses | 229 | 239 | 298 | 341 | 377 | 347 | — | — |
| Operating profit | 84 | 66 | 62 | 140 | 177 | 328 | 349 | 217 |
| Operating margin | 26.9% | 21.8% | 17.3% | 29.1% | 31.9% | 48.5% | 40.8% | 19.9% |
| Other income | -10 | -10 | -10 | -7 | -7 | -0 | -0 | -1 |
| Interest | 13 | 12 | — | — | — | — | — | — |
| Profit before tax | 75 | 56 | 52 | 133 | 170 | 328 | 349 | 215 |
| Tax rate | 34.6% | 32.7% | 35.6% | 47.0% | −57.0% | 34.4% | 29.2% | 43.4% |
| Net profit | 49 | 38 | 33 | 71 | 267 | 215 | 247 | 122 |
| EPS ($ per share) | 0.12 | — | 0.06 | 0.11 | 0.42 | — | 0.36 | 0.12 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 6 |
| Reserves | -2,593 | -2,934 | -2,908 | -2,939 | -3,018 | -3,121 | -3,062 | -2,476 |
| Total liabilities | 860 | 712 | 710 | 934 | 957 | 1,057 | 1,178 | 1,383 |
| Fixed assets | 298 | 249 | 230 | 320 | 1,390 | 1,688 | 1,818 | 2,745 |
| Investments | — | — | — | — | 32 | 0 | — | — |
| Total assets | 1,713 | 1,379 | 1,404 | 1,734 | 1,846 | 2,081 | 2,302 | 4,696 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 17 | 92 | 149 | 110 | 26 | 67 | 174 | 887 |
| Cash from investing | -130 | -93 | -66 | -304 | -146 | -304 | -194 | -128 |
| Cash from financing | -5 | -61 | -47 | 158 | 125 | 236 | 14 | -261 |
| Net cash flow | -118 | -61 | 37 | -36 | 5 | 0 | -7 | 499 |
| Capital expenditure | -141 | -100 | -99 | -310 | -352 | -365 | -183 | -221 |
| Free cash flow | -123 | -8 | 49 | -199 | -327 | -297 | -9 | 666 |
CDE revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Rainy River | — | — | — | — | — | — | 23% | 56% | — |
| Las Chispas | — | — | 32% | 43% | 45% | 40% | 45% | 34% | +82.0% |
| Palmarejo | 70% | 58% | 53% | 47% | 44% | 42% | 44% | 29% | +39.8% |
| Rochester | 36% | 57% | 46% | 40% | 41% | 50% | 42% | 26% | +48.2% |
| New Afton | — | — | — | — | — | — | 9% | 25% | — |
| Kensington | 40% | 45% | 36% | 37% | 36% | 37% | 25% | 16% | -2.7% |
| Wharf | 54% | 40% | 32% | 33% | 35% | 31% | 12% | 13% | -7.9% |
| Other Mining Properties | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Silvertip | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- CA 40%
- MX 32% ↓ 3 pt
- US 28% ↓ 37 pt
As CDE cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
58 filings between Nov 10, 2025 and Sep 8, 2026.
Open market
decisions to buy or sellPurchases
$10.8K
1 purchase by 1 insider
Sales
$2.11M
6 sales by 4 insiders
33% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 21
- Award — granted as compensation
- 30
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Watkinson Kenneth J | — | $1.06M | Jun 1, 2026 |
| THOMPSON J KENNETH | — | $519.3K | Aug 19, 2026 |
| Nault Casey M. | — | $410.6K | Sep 8, 2026 |
| Whelan Thomas S | — | $125.2K | Aug 19, 2026 |
| McGrath Aoife | $10.8K | — | Jun 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 8, 2026 | Nault Casey M. EVP, GC & Secretary | Sale 10b5-1 plan | 10,000 | $210.6K |
| Aug 19, 2026 | Nault Casey M. EVP, GC & Secretary | Sale 10b5-1 plan | 10,000 | $200.0K |
| Aug 19, 2026 | THOMPSON J KENNETH Director | Sale | 25,000 | $519.3K |
| Aug 19, 2026 | Whelan Thomas S EVP & CFO | Sale | 6,000 | $125.2K |
| Jun 12, 2026 | McGrath Aoife EVP, Exploration | Purchase | 635 | $10.8K |
| Jun 1, 2026 | Watkinson Kenneth J VP, Corporate Controller & CAO | Sale | 39,000 | $725.4K |
| Mar 20, 2026 | Schonberner Marilyn Joy Director | Award | 4,103 | $0 |
| Mar 20, 2026 | Schonberner Marilyn Joy Director | Tax withheld | 1,495 | $27.3K |
| Feb 27, 2026 | McGrath Aoife EVP, Exploration | Tax withheld | 12,408 | $336.9K |
| Feb 27, 2026 | Whelan Thomas S EVP & CFO | Tax withheld | 20,345 | $552.4K |
| Feb 27, 2026 | Routledge Michael EVP & Chief Operating Officer | Tax withheld | 17,459 | $474.0K |
| Feb 27, 2026 | Watkinson Kenneth J VP, Corporate Controller & CAO | Tax withheld | 5,616 | $152.5K |
| Feb 27, 2026 | Schouten Emilie C. EVP & Chief HR Officer | Tax withheld | 9,816 | $266.5K |
| Feb 27, 2026 | Nault Casey M. EVP, GC & Secretary | Tax withheld | 15,911 | $432.0K |
| Feb 27, 2026 | KREBS MITCHELL J Chairman, President and CEO | Tax withheld | 42,428 | $1.15M |
| Feb 26, 2026 | Whelan Thomas S EVP & CFO | Tax withheld | 26,020 | $691.1K |
| Feb 26, 2026 | KREBS MITCHELL J Chairman, President and CEO | Tax withheld | 51,406 | $1.37M |
| Feb 26, 2026 | McGrath Aoife EVP, Exploration | Tax withheld | 15,034 | $399.3K |
| Feb 26, 2026 | Schouten Emilie C. EVP & Chief HR Officer | Tax withheld | 11,893 | $315.9K |
| Feb 26, 2026 | Watkinson Kenneth J VP, Corporate Controller & CAO | Tax withheld | 5,500 | $146.1K |
| Feb 26, 2026 | Routledge Michael EVP & Chief Operating Officer | Tax withheld | 21,153 | $561.8K |
| Feb 26, 2026 | Nault Casey M. EVP, GC & Secretary | Tax withheld | 19,278 | $512.0K |
| Feb 20, 2026 | Watkinson Kenneth J VP, Corporate Controller & CAO | Award | 2,940 | $0 |
| Feb 20, 2026 | Watkinson Kenneth J VP, Corporate Controller & CAO | Award | 7,358 | $0 |
| Feb 20, 2026 | Nault Casey M. EVP, GC & Secretary | Tax withheld | 6,117 | $150.7K |
| Feb 20, 2026 | Nault Casey M. EVP, GC & Secretary | Award | 13,807 | $0 |
| Feb 20, 2026 | Nault Casey M. EVP, GC & Secretary | Award | 18,692 | $0 |
| Feb 20, 2026 | KREBS MITCHELL J Chairman, President and CEO | Award | 39,273 | $0 |
| Feb 20, 2026 | KREBS MITCHELL J Chairman, President and CEO | Tax withheld | 17,398 | $428.5K |
| Feb 20, 2026 | Watkinson Kenneth J VP, Corporate Controller & CAO | Tax withheld | 862 | $21.2K |
| Feb 20, 2026 | Whelan Thomas S EVP & CFO | Award | 14,727 | $0 |
| Feb 20, 2026 | KREBS MITCHELL J Chairman, President and CEO | Award | 51,945 | $0 |
| Feb 20, 2026 | McGrath Aoife EVP, Exploration | Tax withheld | 4,357 | $107.3K |
| Feb 20, 2026 | McGrath Aoife EVP, Exploration | Award | 8,143 | $0 |
| Feb 20, 2026 | McGrath Aoife EVP, Exploration | Award | 12,461 | $0 |
| Feb 20, 2026 | Routledge Michael EVP & Chief Operating Officer | Tax withheld | 6,158 | $151.7K |
| Feb 20, 2026 | Routledge Michael EVP & Chief Operating Officer | Award | 15,648 | $0 |
| Feb 20, 2026 | Routledge Michael EVP & Chief Operating Officer | Award | 21,644 | $0 |
| Feb 20, 2026 | Whelan Thomas S EVP & CFO | Tax withheld | 7,879 | $194.1K |
| Feb 20, 2026 | Whelan Thomas S EVP & CFO | Award | 20,857 | $0 |
| Feb 20, 2026 | Schouten Emilie C. EVP & Chief HR Officer | Tax withheld | 4,277 | $105.3K |
| Feb 20, 2026 | Schouten Emilie C. EVP & Chief HR Officer | Award | 10,882 | $0 |
| Feb 20, 2026 | Schouten Emilie C. EVP & Chief HR Officer | Award | 13,292 | $0 |
| Feb 20, 2026 | Beaudoin Pierre Director | Tax withheld | 2,595 | $59.3K |
| Feb 20, 2026 | Beaudoin Pierre Director | Award | 5,247 | $0 |
| Feb 20, 2026 | THOMPSON J KENNETH Director | Award | 5,247 | $0 |
| Feb 20, 2026 | Das Paramita Director | Award | 5,247 | $0 |
| Feb 20, 2026 | Luna Eduardo Director | Award | 5,247 | $0 |
| Feb 20, 2026 | Adamany Linda Director | Award | 5,247 | $0 |
| Feb 20, 2026 | MELLOR ROBERT E Director | Award | 1,888 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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