Coeur Mining (CDE) Investor presentation summary
Event summary combining transcript, slides, and related documents.
Investor presentation summary
10 Nov, 2026Platform and portfolio
Seven-asset North American portfolio across the U.S., Canada and Mexico; 2026E revenue mix: 66% gold, 27% silver and 7% copper.
2026E revenue contribution is spread across Rochester 17%, Rainy River 20%, Kensington 10%, Wharf 8%, New Afton 12%, Las Chispas 14% and Palmarejo 19%.
Third-quarter results and 2026 outlook
3Q production: 161K oz gold, 4.2M oz silver and 10.0M lbs copper; revenue $984M, adjusted EBITDA $448M and free cash flow $240M.
Quarter-end cash was $1.2B, fourfold higher YoY; total liquidity was $2.1B. LTM adjusted EBITDA was $1.8B and LTM free cash flow was $1.2B.
2026E low-end guidance: ~630K oz gold, ~18.7M oz silver and ~40.0M lbs copper; adjusted EBITDA >$2.0B and free cash flow >$1.3B, at $4,000/oz gold, $55/oz silver and $6.25/lb copper.
Operations and organic growth
New Afton conveyor repairs enabled consistent 16,000 tpd mining from mid-September; K-Zone drilling extended mineralization 300m, with study work planned for 4Q.
Rainy River underground mining averaged 3,400 tpd, ~50% above 2Q, and reached a 5,000 tpd target; Phase 5 waste stripping was complete.
Rochester processed a quarterly record 6.8Mt through its crushing circuit and gold production rose 39% QoQ; Wharf gold production rose 28% QoQ.
2026E exploration spend of $158M is 47% above 2025; over 95% of the ~2,600 km² land position remained unexplored, and cumulative business-improvement value was $265M.
Latest events from Coeur Mining
- Q3 growth and cash generation support FY26 adjusted EBITDA above $2B and FCF above $1.3B.CDE
Q3 2026 - Rochester’s ramp-up drives 2024 growth as Wharf delivers record free cash flow.CDE
Q4 2023 - Record 2026 production and cash flow driven by acquisitions, ramp-ups, and disciplined strategy.CDE
Mining Forum Americas 2026 - Record Q2 2026 revenue and cash flow driven by new assets, with updated guidance and capital returns.CDE
Q2 2026 - Seven-mine portfolio delivers record cash flow, reserve growth, and sector-leading returns for 2026.CDE
J.P. Morgan Natural Resources Conference Presentation - Expanded North American operations drive record free cash flow, reserves, and strong ESG performance.CDE
Corporate presentation - Seven-mine portfolio targets $3B+ EBITDA and sector-leading free cash flow in 2026.CDE
Raymond James London Silver Conference Presentation - $1.7B all-share deal forms a leading global silver producer with major cash flow upside.CDE
M&A Announcement - Rochester ramp-up, higher metals prices, and Palmarejo concessions drive strong Q2 results.CDE
Q2 2024