Coeur Mining is trading 10% up at CA$22.96 following the announcement of a record-breaking exploration strategy and positive analyst momentum.

  • The company unveiled a record 2026 exploration budget of $158M, specifically targeting high-grade gold-silver drilling operations at its Palmarejo and Las Chispas projects.
  • Scotiabank reiterated its Outperform rating and raised its price target for the stock, citing strong growth prospects.
  • Shares are also benefiting from a broader rally in precious metals and a general risk-on sentiment across equity markets.