Coeur Mining Reports Record 2025 Financials, Strong 2026 Guidance, and Extends Wharf Mine Life
Summary
Coeur Mining reported record 2025 financial results, issued strong 2026 guidance, and extended the life of its Wharf Mine, while also announcing board appointments related to the New Gold merger.
Key Events
-
Record 2025 Financial Performance
Reported record 2025 revenue of $2.1 billion, net income of $586 million, and adjusted EBITDA of $1.0 billion. Cash and equivalents increased tenfold to $554 million, and total debt decreased 42% to $341 million.
-
Strong 2026 Production and Cost Guidance
Provided 2026 guidance projecting gold production of 390,000-460,000 ounces and silver production of 18.2-21.3 million ounces, anticipating continued record operating and financial results based on estimated metal prices of $4,550/oz gold and $77.50/oz silver.
-
Wharf Mine Life Extended with Positive Economics
Issued a technical report for the Wharf Mine, extending its mine life to 12 years (through 2037) and reporting a positive NPV of $902 million (at a 5% discount rate), reflecting successful exploration and resource conversion.
-
Board Appointments Advance New Gold Merger Integration
Approved the appointment of Mr. Patrick Godin (President and CEO of New Gold Inc.) and Ms. Marilyn Schonberner to the Coeur Board, effective upon the closing of the New Gold transaction, following shareholder approval on January 27, 2026.
Analysis
Coeur Mining delivered exceptional 2025 financial results, with revenue nearly doubling, net income increasing more than tenfold, and adjusted EBITDA more than tripling. This strong performance significantly improved the company's cash position and reduced total debt. The company also provided robust 2026 guidance, projecting continued record-setting operating and financial results, driven by favorable metal price assumptions. Further solidifying its long-term outlook, a new technical report for the Wharf Mine confirmed a 12-year mine life and a positive net present value, reflecting successful exploration and resource management. Additionally, the company announced board appointments, including the President and CEO of New Gold Inc., contingent upon the closing of the previously approved New Gold transaction, signaling progress in the integration of the two companies.
At the time of this filing, CDE was trading at $22.60 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $14.5B. The 52-week trading range was $4.58 to $27.77. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.