Q4 25 EPS
$0.35
MISS 0.71%
Est. $0.35
Q4 25 Revenue
$674.7M
MISS 1.97%
Est. $688.2M
vs S&P Since Q4 25
-38.8%
TRAILING MARKET
CDE -28.5% vs S&P +10.3%
Full Year 2025 Results
FY 25 EPS
$0.80
MISS 8.05%
Est. $0.87
FY 25 Revenue
$2.07B
MISS 0.31%
Est. $2.08B
Market Reaction
Did CDE Beat Earnings? Q4 2025 Results
Coeur Mining closed out a transformational fiscal year with a Q4 earnings beat that underscored just how dramatically the company's scale has shifted following its SilverCrest acquisition. The silver and gold miner posted adjusted EPS of $0.35 for th… Read more Coeur Mining closed out a transformational fiscal year with a Q4 earnings beat that underscored just how dramatically the company's scale has shifted following its SilverCrest acquisition. The silver and gold miner posted adjusted EPS of $0.35 for the quarter, clearing the $0.30 consensus estimate by 16.67%, even as revenue of $674.70 million came in fractionally light of the $681.39 million Wall Street expected, a -0.98% miss. Still, that topline figure represented a staggering 120.9% increase year-over-year, powered by record average realized prices of $3,818 per gold ounce and $54.30 per silver ounce. The newly integrated Las Chispas asset proved a standout contributor, generating $286.00 million in free cash flow since its mid-February acquisition close, while Rochester set records in ore crushing and placement. Following a dramatic run-up in the stock, analysts remain divided on valuation, with at least one firm downgrading to Hold despite the strong results. Looking ahead, Coeur's 2026 guidance targets 390,000 to 460,000 gold ounces and calls for a combined seven-mine platform following the expected close of the New Gold acquisition in H1 2026.
Key Takeaways
- • Record average realized gold price of $3,818/oz and silver price of $54.30/oz in Q4 2025
- • Record full-year gold production of 419,046 ounces (up 23% YoY) and silver production of 17.9 million ounces (up 57% YoY)
- • SilverCrest acquisition added Las Chispas mine contributing $286 million of free cash flow since February 2025
- • Rochester achieved record ore tonnes crushed (6.4 million) and placed (9.3 million) in Q4
- • Kensington delivered one of its strongest quarters ever following multi-year underground development program
- • Disciplined cost management with adjusted CAS per gold ounce of $1,207 and silver ounce of $17.29 in Q4
CDE YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CDE Revenue by Segment
With YoY comparisons, source: SEC Filings
“Coeur finished 2025 on a high note, achieving a third consecutive quarter of record-setting financial results, driven by higher realized prices, strong production and disciplined cost management. Each of the Company's five operations delivered solid results and record free cash flow. Rochester's fourth quarter results were especially noteworthy, with ore crushing and placement rates reaching record levels. Since closing the SilverCrest acquisition in mid-February, Las Chispas contributed $286 million of free cash flow to the Company, while Kensington delivered one of its strongest quarters ever on the back of its recently completed multi-year underground development and drilling program.”
— Mitchell J. Krebs, Q4 2025 Earnings Press Release
CDE Earnings Trends
CDE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CDE EPS Trend
Earnings per share: estimate vs actual
CDE Revenue Trend
Quarterly revenue: estimate vs actual
CDE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.36 | $0.36 | +0.33% | $856.2M | +9.22% |
| Q4 25 MISS FY | $0.35 | $0.35 | -0.71% | $674.7M | -1.97% |
| FY Full Year | $0.87 | $0.80 | -8.05% | $2.07B | -0.31% |
| Q3 25 MISS | $0.24 | $0.23 | -2.13% | $554.6M | +0.93% |
| Q2 25 BEAT | $0.18 | $0.20 | +9.35% | $480.7M | +1.13% |
| Q1 25 BEAT | $-0.01 | $0.11 | +1,566.67% | $360.1M | +14.99% |