Coeur Mining Misses Q2 EPS by 63%, Slashes Production Outlook at Key Mine
CDE sits 85% above its 52-week low of $9.11.
Summary
Coeur Mining reported Q2 adjusted EPS of $0.12, missing consensus of $0.32 by a wide margin, despite record revenue of $1.1B. The miss was driven by lower realized metal prices and higher costs. More critically, the company cut 2026 production guidance at its newly acquired New Afton mine to 50,000-60,000 oz gold and 40-50 mln lbs copper, and also lowered Rainy River's gold output forecast while raising cost guidance. This follows the 10-Q filed earlier today which highlighted record results but did not disclose the guidance cuts. The negative revision to near-term production from a key asset will likely pressure the stock, especially given the high expectations set by the recent acquisition and strong Q1 performance.
At the time of this announcement, CDE was trading at $16.89 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $18B. The 52-week trading range was $9.11 to $27.77. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.