Q1 26 EPS
$0.36
BEAT +0.33%
Est. $0.36
Q1 26 Revenue
$856.2M
BEAT +9.22%
Est. $783.9M
Did CDE Beat Earnings? Q1 2026 Results
Coeur Mining posted a blowout first quarter of 2026, reporting adjusted earnings of $0.36 per share on revenue of $856.19 million, as sharply higher realized metal prices transformed the silver and gold miner's financial profile almost beyond recogni… Read more Coeur Mining posted a blowout first quarter of 2026, reporting adjusted earnings of $0.36 per share on revenue of $856.19 million, as sharply higher realized metal prices transformed the silver and gold miner's financial profile almost beyond recognition from a year ago. Gold averaging $4,383 per ounce and silver averaging $82.85 per ounce, versus $2,635 and $32.05 respectively a year ago, drove revenue nearly 2.4 times higher year-over-year and powered adjusted EBITDA of $474.90 million at an 86% margin. GAAP net income reached $246.80 million, or $0.35 per diluted share, compared to $33.40 million a year ago, while free cash flow hit $266.80 million despite more than $200.00 million in one-time first-quarter outflows. The March 20 close of the New Gold transaction added New Afton and Rainy River to the portfolio, with full contributions expected beginning in Q2. Coeur reaffirmed its full-year 2026 guidance of 680,000 to 815,000 gold ounces and introduced a $750.00 million share repurchase program alongside an inaugural semiannual dividend.
Key Takeaways
- • Sharply higher realized gold and silver prices (gold $4,383/oz vs $2,635 YoY; silver $82.85/oz vs $32.05 YoY)
- • 11% YoY increase in gold production and 18% YoY increase in silver production
- • Operating strength across all seven mines in the portfolio
- • Completion of New Gold acquisition adding New Afton and Rainy River
- • Net cash position achieved with net debt of negative $81.8 million and leverage ratio of -0.1x
CDE YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CDE Revenue by Segment
With YoY comparisons, source: SEC Filings
“Coeur delivered a strong start to what is expected to be a record year, with every mine in the portfolio contributing to record first quarter results. Adjusted EBITDA reached a new quarterly record and free cash flow remained robust, leading to a quarter-end cash balance of over $840 million — nearly an eleven-fold year-over-year increase. Our recently updated financial policy is designed to maintain flexible liquidity levels while also returning capital to stockholders through prudent share repurchases and the initiation of a sustainable dividend policy. Our results were especially impressive given the quarter was our softest of the year as expected, with several first quarter-specific outflows totaling over $200 million, and only eleven days of contribution from New Afton and Rainy River following the close of the New Gold transaction on March 20th.”
— Mitchell J. Krebs, Q1 2026 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS Includes non-cash impact of $140 million ($0.10 per share) due to purchase price allocation accounting for Rainy River's stockpile inventory | $0.26 | $0.12 | -54.08% | $1.09B | -9.02% |
| 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% |