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CDE-News
CDE-Events
Coeur Mining's Exploration Investment Reaches $158M in 2026
Coeur Mining provided an update on its extensive exploration activities at the Palmarejo and Las Chispas gold-silver operations in Mexico. Coeur's $158M investment in exploration programs in 2026 is twice last year's level and represents the largest program ever undertaken by Coeur. It includes planned investments of $27M and 83 kilometers of drilling at Palmarejo and $24M and 119 kilometers of drilling at Las Chispas. Over the past five years, Coeur has invested approximately $340 million in exploration, which has contributed to meaningful mine life extension and reserves and resources growth across the portfolio. At Palmarejo, the exploration program continues to focus on accelerating Eastern District resource growth and building resources along the Main Mine Trend. Drilling at San Miguel and La Union in the Eastern District continues to deliver wide, high-grade intercepts, and materially extend the deposits, which remain open in all directions. Coeur is initiating internal development studies as the Eastern District continues to emerge as a potential source of long-term production. Drilling along the Main Mine Trend has further expanded mineralization at both the Hidalgo Corridor and Independencia Sur, where results are expected to add near-term reserves located both within and outside of the Franco-Nevada gold stream boundaries.
First Half Dividend Expected on June 10, 2026
The first half dividend is expected to be paid on June 10, 2026 to stockholders of record at the close of business on May 25, 2026.
Coeur Reports Q1 Revenue of $856M, Exceeds Estimates
Reports Q1 revenue $856M, two estimates $783.89M. "Coeur delivered a strong start to what is expected to be a record year, with every mine in the portfolio contributing to record first quarter results," said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. "Adjusted EBITDA reached a new quarterly record and free cash flow remained robust, leading to a quarter-end cash balance of over $840 million - nearly an eleven-fold year-over-year increase. Our recently updated financial policy is designed to maintain flexible liquidity levels while also returning capital to stockholders through prudent share repurchases and the initiation of a sustainable dividend policy. Our results were especially impressive given the quarter was our softest of the year as expected, with several first quarter-specific outflows totaling over $200 million, and only eleven days of contribution from New Afton and Rainy River following the close of the New Gold transaction on March 20th."
Company Reaffirms Full-Year 2026 Guidance
The Company has reaffirmed its full-year 2026 guidance, including production, CAS, capital expenditures, depreciation, depletion and amortization, exploration, general and administrative expenses, and income and mining tax. Overall cost guidance reflects higher expected royalty expense driven by stronger realized metal prices, particularly at Rochester, the impact of a stronger Mexican peso, inflation of 3% to 5% across the portfolio, and higher planned maintenance costs. For our co-product mines (New Afton, Las Chispas, Palmarejo, and Rochester), costs are allocated to gold, silver, and copper based on their relative revenue contribution. Given the higher expected contribution of silver to total revenue due to the outperformance of silver's price relative to the gold price, silver CAS per ounce is expected to be higher in 2026, consistent with the trend seen in the second half of 2025.
Coeur Expands $750M Share Repurchase Program and Introduces $0.02 Semiannual Dividend
Coeur's Board of Directors has authorized an expanded $750M share repurchase program as well as an inaugural 2c per share semiannual dividend policy expected to be paid in June and December of each year. Additionally, Coeur has entered into a new $1B revolving credit facility to further bolster its liquidity profile.
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