Coeur Mining reported second quarter results that missed analyst expectations on both revenue and earnings, despite achieving record revenue driven by its recent acquisitions. Revenue was $1.1 billion, missing the $1.34 billion consensus, while adjusted EPS came in at $0.12, well below the expected $0.31. The results reflect the first full quarter of contributions from the newly acquired New Afton and Rainy River mines, though their operational ramp-up has been slower than anticipated.
Key Highlights
- Record second quarter revenue of $1.1 billion increased 126% year-over-year, primarily due to the inclusion of the New Afton and Rainy River operations.
- Gold production reached a record 163,490 ounces, up 51% from the prior year, while silver production of 4.4 million ounces declined 7% year-over-year.
- The company lowered its partial-year 2026 production guidance for the newly acquired New Afton and Rainy River mines, citing slower-than-assumed ramp-up rates for underground mining activities.
- Coeur ended the quarter with a cash balance of over $1.1 billion and repurchased $121 million of common stock under its new capital return program.