Coeur Mining lowered its 2026 free cash flow guidance to $1.5 billion. This is a reduction from the previous estimate of over $2 billion. Management attributed the revision to ongoing operational challenges.
The updated forecast assumes gold prices of $4,000 per ounce. Silver is projected at $60 per ounce. Copper is estimated at $6 per pound. The company expects cash generation and financial flexibility to remain robust.
Coeur Mining missed quarterly top- and bottom-line estimates. Despite the miss, the company reported record revenue of $1.1 billion. Free cash flow for the quarter reached $388 million.
An analyst reiterated a Strong Buy rating for the stock. The report cites a strong balance sheet and significant long-term optionality. The current valuation provides a considerable margin of safety.