Coeur Mining (CDE) Q4 2025 Earnings Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 19, 2026
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Coeur Mining (CDE) delivered a stellar Q4 2025 earnings report, showcasing remarkable growth across its operations. The company reported a significant surge in production and profitability, with full-year gold output jumping 723% year over year to record levels, driven by expansions at Rochester mine, the Silvercrest acquisition, and stable performance from other North American mines. Similarly, silver production rose 5%, reaching record highs. These achievements were supported by strong financial metrics: EBITDA surged 200% to over $1 billion, free cash flow reached $666 million—a stark turnaround from the negative $9 million reported in 2024—and net income jumped tenfold to a record $586 million.
The company’s operational improvements were evident across its key mines. Rochester mine saw silver production rise 40% and gold output increase 54%, while Las Chispas delivered an impressive $286 million in free cash flow over just 11 months. Consolidated Q4 production totaled 112,000 ounces of gold and 4.8 million ounces of silver, with adjusted cash costs remaining favorable at $1,207 per ounce for gold and $17.29 per ounce for silver. This cost efficiency contributed to improved margins, as the adjusted EBITDA margin rose 60% quarter over quarter to 63%.
Coeur Mining also demonstrated strong financial discipline and growth initiatives. Total debt declined by $250 million (42% year over year), enabling the company to achieve a net cash positive position with total liquidity approaching $1 billion at year-end. The company’s exploration investment increased by 47% in 2026, reflecting its commitment to resource growth. Notably, the Palmarejo mine saw gold-equivalent reserves rise 40%, and Wharf mine reserve life nearly doubled to 12 years. These expansions, combined with a conservative approach to resource modeling at Las Chispas, highlight Coeur’s strategic focus on sustainable growth.
Looking ahead, Coeur Mining expects standalone 2026 production guidance to increase silver output by 10%, accounting for 42% of revenue. The pending New
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Originally published on The Motley Fool on 2/19/2026