Coeur Mining Reports Record Q1 Results, Reaffirms Guidance, and Details New Gold Acquisition & Capital Allocation
CDE has more than doubled off its 52-week low of $5.51.
Summary
Coeur Mining, Inc. reported record first-quarter 2026 financial results, driven by the New Gold acquisition and strong metal prices, while reaffirming full-year guidance and detailing significant capital allocation initiatives including an expanded $750 million share repurchase program and an inaugural dividend.
Key Events · Earnings and Guidance · CDE
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Record Q1 2026 Financial Performance
Reported record first-quarter revenue of $856.2 million (+138% year-over-year), net income of $246.8 million (+640% year-over-year), and Adjusted EBITDA of $474.9 million (+290% year-over-year).
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New Gold Acquisition Impact
The acquisition of New Gold Inc., completed on March 20, 2026, significantly boosted production and revenue, with preliminary purchase price allocation ongoing. The company issued approximately 393 million common shares for the acquisition.
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Enhanced Shareholder Returns
Announced an expanded $750 million share repurchase program and an inaugural semi-annual dividend of $0.02 per share, with the first dividend expected in Q2 2026.
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Strong Liquidity & Capital Structure
Cash and cash equivalents increased to $843.2 million as of March 31, 2026, and the company entered into a new $1.0 billion senior secured revolving credit facility with $972.5 million available.
Analysis · CDE · Energy & Transportation
This 10-Q provides comprehensive details following the company's earlier announcement of record Q1 2026 financial performance. The significant year-over-year growth in revenue (+138%), net income (+640%), and Adjusted EBITDA (+290%) is largely attributed to the successful acquisition of New Gold Inc., which materially increased gold and added copper production. The company's liquidity position is robust, with cash and equivalents increasing by 52% quarter-over-quarter and a new $1.0 billion revolving credit facility in place. Strategic capital allocation is a key theme, highlighted by the expanded $750 million share repurchase program and the initiation of a semi-annual dividend, signaling confidence in future cash flows and commitment to shareholder returns. The reaffirmation of full-year 2026 guidance further underscores management's positive outlook. Investors should note the successful integration of the New Gold acquisition and the strong financial position supporting future growth and shareholder distributions.
At the time of this filing, CDE was trading at $18.76 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $19.4B. The 52-week trading range was $5.51 to $27.77. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.