Coeur Mining Inc

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.