Coeur Mining, Inc. recorded $1.1 billion in revenue for the second quarter of 2026, a 27% increase over the previous quarter and a 126% gain year-over-year. The company reported record adjusted EBITDA of $478 million and generated $513 million in cash flow from operating activities. Following the announcement, the stock closed at $17.43, representing a 7.53% increase on August 5, 2026.

Quarterly gold production reached a record 163,490 ounces, driven by the first full quarter of contributions from the recently acquired New Afton and Rainy River operations, alongside a significant production increase at the Wharf asset.

“Record second quarter results reflected the growing momentum from the platform of North American precious metals assets we’ve built through a combination of disciplined investments in organic growth and two well-timed acquisitions.”

— Mitchell J. Krebs, Chairman, President and Chief Executive Officer

Despite the record financial performance, the company revised its 2026 production and cost guidance for the two Canadian operations to account for slower-than-anticipated ramp-up rates. At New Afton, mining rates averaged 12,000 tonnes per day in the second quarter but are expected to increase to 16,000 tonnes per day from the C-Zone early in the fourth quarter of 2026. At Rainy River, where Phase 4 of the open pit is expected to be completed by year-end 2026, underground production averaged 2,300 tonnes per day in the second quarter. The company expects these rates to ramp up to 5,000 tonnes per day by the end of the year.

Reflecting these adjustments and updated metal price assumptions, Coeur now expects full-year production of approximately 690,000 ounces of gold, 20 million ounces of silver, and 45 million pounds of copper. It forecasts record full-year adjusted EBITDA of $2.3 billion and free cash flow of $1.5 billion.

The company’s cash position at the end of the second quarter stood at $1.1 billion. This liquidity supported the launch of an enhanced capital return program, which included the payment of an inaugural $0.02 per share semi-annual dividend in June and the repurchase of $121 million of common stock through July 31.

Other near-term operational milestones include the completion of the main tailings storage facility embankment at the Kensington mine, which is on track to be finalized by the end of 2026.

Read the full announcement: Coeur Reports Second Quarter 2026 Results