Coeur Mining Inc

Latest Results (07.10.2025):

Coeur Mining Inc reported record financial results for the second quarter of 2025, achieving $481 million in revenue and $207 million in cash flow from operating activities. The company posted a GAAP net income of $71 million, or $0.11 per share, and on an adjusted basis, recorded an EBITDA of $244 million and a net income of $127 million, or $0.20 per share. These results reflect significant production increases and strategic financial maneuvers that have strengthened Coeur's market position.

Strong Production and Cost Performance

Each of Coeur’s five operations saw substantial production gains, with quarterly silver production up 27% quarter-over-quarter and 79% year-over-year, reaching 4.7 million ounces. Gold production rose by 25% quarter-over-quarter and 38% year-over-year to 108,487 ounces. Enhanced production efficiency led to a 6% decrease in costs per ounce for both gold and silver, while average realized prices increased by 15% for gold and 5% for silver compared to the first quarter.

Record Quarterly Financial Results

The second quarter marked the fourth consecutive quarter of positive free cash flow for Coeur, which surged to a record $146 million, up more than eightfold from the prior quarter. Adjusted EBITDA reached a new high of $244 million, and net income from continuing operations totaled $71 million, or $0.11 per share, setting records across these financial metrics.

Accelerated Debt Reduction

In a move to strengthen its balance sheet, Coeur repaid the remaining $110 million on its revolving credit facility during the quarter. This repayment, along with an increase in cash and equivalents to $112 million, reduced the net leverage ratio to 0.4x, further solidifying the company's financial stability.

Stock Repurchase Program

Coeur initiated a $75 million share repurchase program on May 27, 2025, and repurchased 216,500 shares during the second quarter at an average price of $9.24 per share. This program reflects the company's confidence in its financial health and commitment to returning value to shareholders.

Increased Ore Crushing at Rochester

The Rochester operation in Nevada saw a 24% increase in ore crushing to 6.7 million tons, driven by enhanced crushing circuit availability. Silver and gold production at Rochester surged by 50% and 79%, respectively, compared to the second quarter of 2024, ensuring delivery within the company's full-year guidance ranges.

Reaffirmed Full-Year Guidance

Coeur reaffirmed its full-year 2025 production guidance, expecting to produce between 380,000 and 440,000 ounces of gold and 16.7 to 20.3 million ounces of silver. This represents year-over-year increases of 20% for gold and 62% for silver. The company also maintained its full-year CAS1 cost guidance, positioning itself for robust performance through the year.