A U.S.-based precious metals producer, Coeur Mining digs gold and silver out of five mines — Las Chispas, Palmarejo, Rochester, Kensington, and Wharf — turning them into doré and bullion sold to banks and traders. It began in 1928 as Coeur d'Alene Mines, named after the famed silver district in northern Idaho where it was born. It has also agreed to acquire New Gold, which would add two more Canadian mines.
Coeur Mining reports record Q2 2026 revenue of $1.1 billion and adjusted EBITDA of $478 million
GAAP net income of $122 million, or $0.12 per share; adjusted net income of $123 million, or $0.12 per share.
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Record Q2 2026 revenue of $1.1 billion, up 27% quarter-over-quarter and 126% year-over-year.
Record quarterly gold production of 163,490 ounces, up 51% year-over-year; silver production of 4.4 million ounces.
Cash balance of $1.1 billion at quarter-end, more than double year-end 2025; repurchased $121 million of stock and paid inaugural dividend.
2026 guidance updated: expects ~690,000 oz gold, 20 million oz silver, 45 million lbs copper, adjusted EBITDA of $2.3 billion, free cash flow of $1.5 billion.
Results impacted by $140 million non-cash purchase price allocation charge for Rainy River stockpile inventory.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Coeur Mining announces CFO retirement and successor appointment
Kenneth J. Watkinson, VP, Corporate Controller and Chief Accounting Officer, plans to retire in early 2027 and will remain in his role until August 10, 2026, then serve as VP, Accounting for transition.
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Anne Beckhelheimer will become Senior VP, Tax, Corporate Controller and Chief Accounting Officer effective August 10, 2026; she joined Coeur in June 2015 and has over 20 years of experience.
Stockholders approved an amendment to the Certificate of Incorporation to limit officer liability, filed with Delaware on May 12, 2026.
The Board adopted amended and restated bylaws on May 13, 2026, modifying officer composition and clarifying officer authorities.
The Board declared an inaugural dividend of $0.02 per share, payable June 10, 2026, to stockholders of record on May 22, 2026 (effective record date due to NYSE holiday).
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Coeur Mining completes exchange offer for New Gold's 6.875% Senior Notes due 2032
Coeur issued $385,774,000 aggregate principal amount of its own 6.875% Senior Notes due 2032 in exchange for approximately 96.45% of the outstanding Existing Notes tendered.
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On April 22, 2026, Coeur Mining completed its private exchange offer and consent solicitation for New Gold Inc.'s $400 million aggregate principal amount of 6.875% Senior Notes due 2032.
The exchange included approximately $771,600 in cash consideration, with no cash proceeds received by Coeur from the issuance of the new notes.
The new notes are unsecured senior obligations guaranteed by certain wholly-owned subsidiaries, with interest payable semi-annually on April 1 and October 1.
The settlement date for all accepted Existing Notes was April 22, 2026, and the notes are governed by an indenture with The Bank of New York Mellon as trustee.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Coeur Mining completes acquisition of New Gold, issuing ~393M shares
New Gold shareholders received 0.4959 Coeur shares per New Gold share; options, DSUs, PSUs, and RSUs were cashed out or adjusted per the arrangement.
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On March 20, 2026, Coeur Mining acquired all outstanding New Gold common shares, making New Gold a wholly-owned subsidiary.
Coeur entered a new $1.0B senior secured revolving credit facility, replaceable with up to $250M incremental loans, maturing in five years.
Coeur amended its charter to increase authorized common shares from 900M to 1.3B and appointed Patrick Godin and Marilyn Schonberner to its board.
Coeur announced a $750M share repurchase program, a semi-annual dividend of $0.02 per share, and an exchange offer for New Gold's $400M 6.875% Senior Notes due 2032.
1.01 Entry into a Material Definitive Agreement · 2.01 Completion of Acquisition or Disposition of Assets · 3.02 Unregistered Sales of Equity Securities · 3.03 Material Modification to Rights of Security Holders · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Coeur Mining appoints Patrick Godin and Marilyn Schonberner to board, effective upon New Gold deal close
Marilyn Schonberner has over 35 years in energy and mining, served as CFO of Nexen Energy ULC until 2018, and has been a New Gold director since 2017.
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On February 17, 2026, Coeur's board approved appointing Patrick Godin and Marilyn Schonberner as directors, effective at and contingent upon closing of the New Gold acquisition.
Patrick Godin is President and CEO of New Gold Inc. with over 30 years of mining industry experience.
N. Eric Fier resigned from Coeur's board effective February 16, 2026, to focus on other business ventures, with no disagreement with Coeur.
Compensation for Godin and Schonberner as non-employee directors will be consistent with Coeur's non-employee director compensation.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Coeur Mining stockholders approve charter amendment and stock issuance for New Gold arrangement
At a special meeting on January 27, 2026, Coeur Mining stockholders approved a charter amendment increasing authorized common shares from 900 million to 1.3 billion, with 96.75% of votes cast in favor.
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Stockholders also approved the issuance of Coeur common stock to New Gold shareholders in connection with the arrangement, with 97.12% of votes cast in favor.
The special meeting was held in connection with the strategic business combination with New Gold under a plan of arrangement, as previously announced on November 2, 2025.
A quorum was present with 449,963,709 shares (approximately 70% of outstanding shares) voted in person or by proxy.
There were no broker non-votes, and no other business was brought before the meeting.
5.07 Submission of Matters to a Vote of Security Holders