Coeur Mining

Coeur Mining (CDE) Q1 2025 Earnings

Reported May 7, 2025 at 4:35 PM ET · SEC Source

Q1 25 EPS

$0.11

BEAT +1,566.67%

Est. $-0.01

Q1 25 Revenue

$360.1M

BEAT +14.99%

Est. $313.1M

vs S&P Since Q1 25

+132.7%

BEATING MARKET

CDE +166.3% vs S&P +33.6%

Market Reaction

Did CDE Beat Earnings? Q1 2025 Results

Coeur Mining opened 2025 with a transformational quarter, reporting adjusted earnings of $0.11 per share against a consensus estimate of negative $0.01, a beat of more than 1,566%, while revenue of $360.06 million cleared analyst expectations by near… Read more Coeur Mining opened 2025 with a transformational quarter, reporting adjusted earnings of $0.11 per share against a consensus estimate of negative $0.01, a beat of more than 1,566%, while revenue of $360.06 million cleared analyst expectations by nearly 15% and jumped 69% from the year-ago period. The single biggest catalyst was the mid-February closing of the SilverCrest acquisition, which brought the high-grade Las Chispas silver-gold mine in Mexico into the portfolio; despite contributing for only roughly six weeks, Las Chispas generated $58 million in metal sales and $91.80 million in free cash flow, helping push adjusted EBITDA to $148.92 million and expand the adjusted EBITDA margin to 41%. Consolidated silver production climbed 44% year-over-year to 3.7 million ounces, while gold output rose 7% to 86,766 ounces, aided by favorable realized prices of $2,635 per ounce for gold and $32.05 for silver. Management reaffirmed full-year guidance of 380,000 to 440,000 gold ounces and 16.7 to 20.3 million silver ounces, targeting over $700 million in adjusted EBITDA for 2025 and projecting quarterly free cash flow of $75 million to $100 million for the remainder of the year as debt reduction accelerates.

Key Takeaways

  • Addition of Las Chispas mine via SilverCrest acquisition in mid-February 2025
  • Higher average realized gold price of $2,635/oz vs $1,864/oz in Q1 2024
  • Higher average realized silver price of $32.05/oz vs $23.57/oz in Q1 2024
  • Silver production growth of 44% year-over-year driven by Rochester ramp-up and Las Chispas
  • Rochester advancing toward steady-state post-expansion
  • Monetization of $72 million of SilverCrest bullion and finished goods inventory
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CDE YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

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CDE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Coeur's balanced portfolio of five North American operations had a solid first three months of the year, which puts us in a strong position to deliver record operational and financial results in 2025.”

— Mitchell J. Krebs, Q1 2025 Earnings Press Release