The strong Q1 results and reaffirmed guidance support a positive outlook, but the stock may have limited upside in the near term given historical underperformance after bullish filings. Watch for Q2 2026 for the first full quarter of New Gold contribution and monitor operational recovery at Wharf and Kensington.
Price Chart
Executive Summary
Coeur Mining reported record Q1 2026 revenue of $856M, up 138% YoY, driven by higher gold/silver prices and contributions from the recently closed New Gold acquisition. Adjusted EBITDA hit a record $475M, free cash flow was $267M, and cash more than doubled to $843M. Full-year guidance was reaffirmed. The company also expanded its buyback program to $750M and initiated a semiannual dividend.
Key Financial Metrics
Key Facts
- Record Q1 2026 revenue of $856.2M, up 138% YoY from $360.1M in Q1 2025
- Adjusted EBITDA of $474.9M, a new quarterly record and up 12% QoQ
- Free cash flow of $266.8M, despite over $200M in Q1-specific outflows
- Cash and equivalents of $843.2M, an 11x increase YoY
- Expanded share repurchase program to $750M and initiated $0.02/share semiannual dividend
- Reaffirmed full-year 2026 production and cost guidance
- New Gold transaction closed March 20, 2026, contributed 11 days of production
- Wharf gold production down 61% QoQ due to November 2025 crusher fire
Financial Impact
Record revenue and EBITDA growth; cash position strengthened significantly
Risk Factors
- Gold and silver price volatility
- Operational disruptions at Wharf (crusher fire) and Kensington (lower production)
- Integration risks from the New Gold acquisition
- Higher cash taxes ($475-$600M guided) may pressure free cash flow
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000215466-26-000021 |
| Document: cde-20260506.htm | 0000215466-26-000021 |
| Document: 0000215466-26-000021-index-headers.html | 0000215466-26-000021 |
| Document: 0000215466-26-000021-index.html | 0000215466-26-000021 |
| Document: 0000215466-26-000021.txt | 0000215466-26-000021 |
| 8-K Data (Synthetic) | 0000215466-26-000021 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | Insider Cluster | $20.97 $19.52 | ▼ −6.91% | ▼ −6.39% | $17.66 (−15.78%) |
Aug 9, 2026 7w ago | Institutional Cluster | $18.15 $20.66 | ▲ +13.83% | ▲ +14.74% | $17.66 (−2.70%) |
Jun 21, 2026 14w ago | Institutional Cluster | $17.47 $14.35 | ▼ −17.86% | ▼ −17.71% | $17.66 (+1.09%) |
May 6, 2026 21w ago | 8-K | $18.12 $18.15 | ▲ +0.17% | ▼ −2.97% | $17.66 (−2.54%) |
May 5, 2026 21w ago | DEFA14A | $18.75 $18.15 | ▼ −3.20% | ▼ −5.98% | $17.66 (−5.81%) |
Apr 1, 2026 26w ago | DEFA14A | $19.11 $17.33 | ▼ −9.31% | ▼ −19.04% | $17.66 (−7.59%) |
Feb 28, 2026 30w ago | Institutional Cluster | $26.94 $16.50 | ▼ −38.75% | ▼ −30.81% | $17.66 (−34.45%) |
US Market Status
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