Coeur Mining Q3 revenue jumps 77% on Canadian acquisitions

Coeur Mining

04/11/2026 21:47

Overview
US precious metals miner's Q3 revenue rose 77% yr/yr to $1.0 bln
Adjusted EPS for Q3 was $0.10
Company repurchased $111 mln in shares, nearly half of Q3 free cash flow

Outlook
Coeur targets 2026 production of 630,000 oz gold, 18.7 mln oz silver, 40 mln lbs copper
Company expects 2026 adj EBITDA over $2 bln, free cash flow above $1.3 bln
Company expects stronger operational and financial results in 2027 due to Canadian operations

Result Drivers
CANADIAN ACQUISITIONS - Co said newly-acquired Canadian operations were the main driver of 77% yr/yr revenue growth
GOLD PRODUCTION - Higher gold output at Rochester and Wharf contributed to sequential production growth
LOWER SALES AT KEY MINES - Lower metal sales at New Afton, Rainy River, and Palmarejo reduced operating cash flow

Company press release: ID:nBw1NqK1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$1 bln
 
Q3 EPS
 
$0.11
 
Q3 Net Income
 
$109 mln
 
Q3 Adjusted EBITDA
Miss
$448 mln
$605 mln (1 Analyst)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Coeur Mining, Inc. is $23.00, about 71.5% above its November 3 closing price of $13.41
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Nov 3 - Hecla Mining's Q3 revenue rises 18%, beats estimates
Nov 3 - SSR Mining Q3 revenue and adjusted net income rise year over year
Nov 3 - Canada's Ivanhoe Mines Q3 profit rises, lowers 2027 Kamoa-Kakula copper guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)