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Coeur Mining

Coeur Mining (CDE) Q2 2025 Earnings

Reported Aug 6, 2025 at 4:42 PM ET · SEC Source

Q2 25 EPS

$0.20

BEAT +9.35%

Est. $0.18

Q2 25 Revenue

$480.7M

BEAT +1.13%

Est. $475.3M

vs S&P Since Q2 25

+41.7%

BEATING MARKET

CDE +61.2% vs S&P +19.4%

Market Reaction

Did CDE Beat Earnings? Q2 2025 Results

Coeur Mining turned in a record-breaking second quarter for 2025, beating Wall Street on both the top and bottom lines as the first full contribution from its Las Chispas acquisition transformed the company's financial profile. The silver and gold mi… Read more Coeur Mining turned in a record-breaking second quarter for 2025, beating Wall Street on both the top and bottom lines as the first full contribution from its Las Chispas acquisition transformed the company's financial profile. The silver and gold miner posted adjusted earnings of $0.20 per diluted share, ahead of the $0.18 consensus by 9.35%, while revenue climbed to $480.65 million, a 116.5% year-over-year increase that edged past the $475.30 million analyst estimate by 1.13%. The single biggest driver was Las Chispas, which delivered $102.70 million in metal sales and $49.40 million in free cash flow in its first full quarter under Coeur's ownership, complementing broad-based production gains across all five North American operations. Record adjusted EBITDA of $243.48 million and free cash flow of $146.14 million allowed the company to fully retire its revolving credit facility balance and launch a $75.00 million buyback program. Looking ahead, management reaffirmed full-year production guidance and projects over $800.00 million in adjusted EBITDA and more than $400.00 million in free cash flow for 2025.

Key Takeaways

  • • First full quarter of production from recently acquired Las Chispas mine
  • • Higher average realized gold and silver prices (gold up 51% YoY, silver up 29% YoY)
  • • Gold production increased 38% year-over-year to 108,487 ounces
  • • Silver production increased 79% year-over-year to 4.7 million ounces
  • • Rochester crushed ore rates increased 24% quarter-over-quarter to 6.7 million tons
  • • Adjusted costs applicable to sales per gold and silver ounce declined approximately 6% quarter-over-quarter
  • • All five operations generated positive free cash flow
24/7 Wall St

CDE YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

CDE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Coeur's record second quarter reflects strong contributions from all five of our North American gold and silver operations, including the first full quarter from the recently acquired Las Chispas mine. Together with the benefit of higher gold and silver prices, we saw a step change in our financial results in the quarter, including an impressive $146 million of free cash flow, while we eliminated the remaining balance on our RCF and began buying back shares.”

— Mitchell J. Krebs, Q2 2025 Earnings Press Release

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