Coeur Mining Q2 adjusted EPS misses estimates, co lowers production guidance at New Afton

Coeur Mining

05/08/2026 22:09

Overview
US precious metals miner's Q2 revenue rose 126% yr/yr to record $1.1 bln
Q2 adjusted EPS missed analyst expectations; adjusted EBITDA also missed
Company repurchased $121 mln in shares and paid inaugural dividend under new capital return program

Outlook
Coeur Mining now expects 2026 adjusted EBITDA of $2.3 bln and free cash flow of $1.5 bln
Company lowers 2026 production guidance at New Afton to 50,000-60,000 oz gold and 40-50 mln lbs copper
Rainy River 2026 gold production guidance cut to 190,000-230,000 oz; cost guidance raised

Result Drivers
NEW ACQUISITIONS - First full quarter of New Afton and Rainy River operations drove record revenue and production, per CEO Mitchell Krebs
LOWER METAL PRICES - Record results achieved despite 6% drop in realized gold price and 14% drop in silver price quarter over quarter
LEGACY ASSET PERFORMANCE - Rochester achieved record tonnes crushed, Wharf nearly doubled gold production, offsetting lower grades at some sites

Company press release: ID:nBw4Ppk67a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.10 bln
 
Q2 Adjusted EPS
Miss
$0.12
$0.32 (6 Analysts)
Q2 EPS
 
$0.12
 
Q2 Net Income
 
$122 mln
 
Q2 Adjusted EBITDA
 
$478 mln
$770 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", 1 "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 $25.00, about 54.2% above its August 4 closing price of $16.21
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 4 - SSR Mining Q2 adjusted EPS misses analyst expectations
Aug 4 - Mexico's Fresnillo H1 revenue jumps on higher precious metal prices; raises dividend
Aug 4 - Hecla Mining Q2 revenue falls sequentially on lower metal prices

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.)