Coeur Mining reported third quarter 2026 revenue of $1.0 billion and adjusted EPS of $0.10, falling short of analyst expectations of $1.2 billion and $0.15 respectively. While the company achieved 77% year-over-year revenue growth following its Canadian acquisitions, results were hampered by infrastructure failures and adverse weather conditions across major sites.
Key Highlights
- Gold production totaled 161,400 ounces, impacted by a conveyor belt failure at New Afton and heavy seasonal rains at the Rainy River and Palmarejo operations.
- The company revised its full-year 2026 production target to the low end of previous guidance, now expecting approximately 630,000 ounces of gold.
- Free cash flow reached $240.2 million, supporting $111 million in share repurchases and a quarterly dividend of $0.02 per share.
- Average realized prices for gold and silver declined sequentially to $3,979 and $62.22 per ounce, respectively, contributing to the revenue miss.