Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Earnings

Coeur Reports First Quarter 2026 Results

Coeur Mining Posts Record Earnings After New Gold Deal, But Stock Slips on Guidance Reaffirmation

By The Northwire Desk — AI Analysis May 06, 2026 · 16:30 CDE · 25.6 Coeur Mining, Inc.
Executive Summary
  • The most recent release (May 06, 2026) reports First Quarter 2026 financial results following the March 20, 2026 completion of the New Gold acquisition.
  • Revenue reached $856 million with a record quarterly adjusted EBITDA of $475 million.
  • Cash and cash equivalents surged to $843 million, an eleven-fold year-over-year increase.
  • Production increased: Gold up 11% (96,503 oz), Silver up 18% (4.4M oz).
  • Full-year 2026 production guidance for gold, silver, and copper was reaffirmed, not raised.
  • Financial policy updates from March were confirmed: $750 million share repurchase program expanded, inaugural dividend of $0.02 per share semiannually established.
  • New $1 billion revolving credit facility entered into during Q1.
  • Debt exchange for New Gold Senior Notes completed in April 2026 (96.45% acceptance).
Material Impact
  • The news confirms the successful financial integration of the New Gold assets but does not exceed previous expectations set at the March closing announcement.
  • Record EBITDA and cash balances are positive, yet the stock price has declined from April highs ($29.16) to current levels ($23.35), suggesting the market may have already priced in these synergies or is concerned about the high realized gold prices ($4,383/oz) sustainability.
  • Guidance reaffirmation indicates stability but lacks the upside catalyst required for a material re-rating at this stage.
  • The debt exchange completion removes immediate refinancing risk for the $385 million New Gold notes, stabilizing the capital structure.
CDE · Price
Company Overview
  • Coeur Mining is a senior precious metals producer following the acquisition of New Gold Inc.
  • Flagship Assets:
    • New Afton Mine (Canada): Contributed 715,000 oz Au resources in maiden K-Zone; expected to ramp throughput to 15 kt/d in H1 2026.
    • Rainy River Mine (Canada): Mine life extended to 2035; projected annual production of 287k oz Au.
    • Las Chispas (Mexico): Successfully integrated, noted for safety leadership and water stewardship investments.
  • The portfolio is now diversified across gold, silver, and copper with a focus on North American operations.
Read the original news release →

More from Coeur Mining, Inc.

Nov 04, 2026 · 16:30

Coeur cut full-year gold and copper guidance to the low end despite reporting solid third-quarter cash flow results.

Earnings Sep 22, 2026 · 16:30

Coeur’s K-Zone hit a higher reserve grade, yet the US$30 billion net asset value remained largely unaffected by the discovery.

Drill Results Aug 05, 2026 · 16:30

Coeur slashed its full-year EBITDA guidance to $2.3 billion, breaking a previous promise of more than $3 billion in earnings.

Earnings Jul 21, 2026 · 16:30

Coeur doubles exploration spend to $158M as high-grade gold-silver hits at Palmarejo and Las Chispas support near-term reserve growth and long-term mine life extensions.

Drill Results Apr 21, 2026 · 16:45

Coeur Mining Closes New Gold Debt Exchange; Dividend and Buyback Program Signal Capital Return Focus

Financings Apr 15, 2026 · 07:00

Coeur Mining

Production / Operations