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Coeur Mining, Inc.

CDE Basic Materials Gold

Coeur Mining, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 96.4% from fiscal 2024. In the quarter to June 2026, revenue grew 125.9%, EPS grew 9.09%, free cash flow grew 165.5% and total debt rose 85.3%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

15.47 0.06 +0.39%
Market cap
$15.8B
P/E
13.0×
Fwd P/E
9.8×
Dividend yield
0.13%
F-score
8/9
Altman Z
5.05
Beneish M
−1.13
Dividend safety
70/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Coeur Mining, Inc. (CDE) Business Profile

Updated before January 2025

Company Overview

Coeur Mining, Inc. (CDE) is a well-established mining company headquartered in Chicago, Illinois, USA. Founded in 1928, the company has grown to become one of the leading precious metals mining companies in North America. Coeur Mining specializes in the exploration, development, and operation of silver and gold mining properties. Over the years, the company has built a strong reputation for its commitment to operational excellence, sustainability, and innovation in mining practices.

The company is led by a team of experienced executives, with Mitchell J. Krebs serving as the President and Chief Executive Officer since 2011. Under his leadership, Coeur Mining has focused on optimizing its asset portfolio, improving operational efficiency, and enhancing shareholder value. The company’s board of directors and executive team bring a wealth of experience in mining, finance, and corporate governance, ensuring a strategic and sustainable approach to business operations.

Core Business Segments

Coeur Mining operates through several core business segments, primarily focused on the production of precious metals. These segments include:

1. Gold Mining

Coeur Mining is a significant producer of gold, with operations spanning multiple mining sites in North America. Key gold mining assets include:

  • Kensington Mine (Alaska, USA): A high-grade underground gold mine that has been a cornerstone of Coeur’s gold production.
  • Wharf Mine (South Dakota, USA): An open-pit gold mine known for its consistent production and cost efficiency.

2. Silver Mining

Silver production is another critical component of Coeur’s business. The company operates several silver-focused mines, including:

  • Palmarejo Mine (Chihuahua, Mexico): A flagship operation that produces both silver and gold, contributing significantly to the company’s revenue.
  • Rochester Mine (Nevada, USA): A large-scale, open-pit silver and gold mine undergoing expansion to increase production capacity.

3. Exploration and Development Projects

Coeur Mining invests heavily in exploration and development to identify new mineral resources and extend the life of its existing mines. Notable projects include:

  • Silvertip Project (British Columbia, Canada): A high-grade silver-zinc-lead project with significant growth potential.
  • Crown and Sterling Projects (Nevada, USA): Exploration projects aimed at expanding Coeur’s footprint in the prolific Nevada mining district.

Business Model

Coeur Mining’s business model revolves around the integration of exploration, development, and production activities to maximize the value of its mineral assets. The company generates revenue primarily through the sale of gold and silver, with additional contributions from by-products such as zinc and lead. Key elements of Coeur’s business model include:

  • Operational Efficiency: Coeur focuses on optimizing mining processes and reducing costs to enhance profitability.
  • Sustainability: The company is committed to responsible mining practices, including environmental stewardship, community engagement, and employee safety.
  • Portfolio Optimization: Coeur continuously evaluates its asset portfolio to divest non-core assets and invest in high-potential projects.
  • Innovation: The company leverages advanced technologies, such as automation and data analytics, to improve operational performance and resource recovery.

Strategic Direction

Coeur Mining has outlined a clear strategic direction aimed at driving long-term growth and sustainability. Key priorities include:

  • Production Growth: The company is focused on increasing production at its existing mines, particularly through the expansion of the Rochester Mine and the development of the Silvertip Project.
  • Exploration Investments: Coeur plans to allocate significant resources to exploration activities to discover new mineral deposits and extend the life of its mines.
  • Sustainability Goals: The company is committed to reducing its environmental footprint, achieving net-zero greenhouse gas emissions, and enhancing community development initiatives.
  • Technological Advancements: Coeur aims to adopt cutting-edge technologies to improve operational efficiency, safety, and resource recovery.

Competitive Landscape

Coeur Mining operates in a highly competitive industry, facing competition from both large multinational mining companies and smaller regional players. Key competitors include:

  • Newmont Corporation: A global leader in gold mining with a diverse portfolio of assets.
  • Barrick Gold Corporation: One of the largest gold mining companies in the world, known for its extensive operations and strong financial performance.
  • Hecla Mining Company: A major silver producer with operations in the United States and Canada.
  • Pan American Silver Corp.: A leading silver mining company with a strong presence in Latin America.

Coeur differentiates itself through its focus on operational efficiency, sustainability, and a balanced portfolio of gold and silver assets.

Risk Factors

Like any mining company, Coeur Mining faces several risks that could impact its operations and financial performance. Key risk factors include:

  • Commodity Price Volatility: Fluctuations in gold and silver prices can significantly affect the company’s revenue and profitability.
  • Operational Risks: Mining operations are subject to risks such as equipment failures, accidents, and natural disasters.
  • Regulatory Risks: Changes in environmental regulations, permitting requirements, and taxation policies could impact Coeur’s operations.
  • Supply Chain Disruptions: The company relies on a complex supply chain for equipment, materials, and services, which could be disrupted by geopolitical events or global pandemics.
  • Exploration Risks: There is no guarantee that exploration activities will result in the discovery of economically viable mineral deposits.

Recent Developments

Coeur Mining has made significant progress in recent years, with several notable developments:

  • Rochester Expansion Project: The company is investing in a major expansion of the Rochester Mine to increase production capacity and extend its life.
  • Silvertip Optimization: Coeur is working to optimize the Silvertip Project to enhance its economic viability and production potential.
  • Sustainability Initiatives: The company has launched several initiatives to reduce greenhouse gas emissions, improve water management, and support local communities.
  • Technological Innovations: Coeur has adopted advanced technologies, such as autonomous haul trucks and real-time data analytics, to improve operational efficiency.

Investment Considerations

Investors considering Coeur Mining should weigh the following strengths and risks:

Strengths

  • Diversified portfolio of gold and silver assets.
  • Strong commitment to sustainability and responsible mining practices.
  • Experienced leadership team with a proven track record.
  • Focus on operational efficiency and cost control.
  • Significant growth potential through exploration and development projects.

Risks

  • Exposure to commodity price volatility.
  • Operational and regulatory risks inherent in the mining industry.
  • Dependence on a limited number of key assets for revenue generation.
  • Potential delays or cost overruns in expansion and development projects.

Conclusion

Coeur Mining, Inc. is a leading player in the precious metals mining industry, with a diversified portfolio of gold and silver assets, a strong commitment to sustainability, and a clear strategic vision for growth. While the company faces risks associated with commodity price volatility and operational challenges, its focus on operational efficiency, exploration, and technological innovation positions it well for long-term success. As the demand for precious metals continues to grow, Coeur Mining is poised to capitalize on emerging opportunities and deliver value to its shareholders.