- Coeur Mining posts record $1.1 billion Q2 2026 revenue
- Copper production surges to 11.4 million pounds at New Afton
- Cash balance more than doubles to $1.05 billion since year-end
- Silvertip critical minerals project advances toward feasibility
- Full-year 2026 guidance trimmed on lower metal prices
- Enhanced capital return program adds buybacks and dividend
Coeur Mining, Inc. (NYSE, TSX: CDE) reported record second-quarter 2026 revenue of $1.1 billion, up 27% quarter over quarter, driven by the first full quarter of contributions from the newly acquired New Afton and Rainy River operations in Canada. Quarterly gold production reached a record 163,490 ounces, while the company’s New Afton mine produced 11.4 million pounds of copper, giving Coeur a growing footprint in a metal that sits squarely inside the critical minerals supply chain, alongside current copper price data.
Coeur Mining — Company Overview
Founded in 1928 as Coeur d’Alene Mines Corporation in Idaho’s Silver Valley, the company rebranded to Coeur Mining, Inc. in 2013 and is now headquartered in Chicago, Illinois. Coeur is primarily a precious metals producer, with gold and silver together accounting for roughly 94% of Q2 2026 revenue, but its March 2026 acquisition of New Gold Inc. added two Canadian assets, New Afton and Rainy River, that broadened the company’s exposure to copper and critical minerals-adjacent geology.
Key Assets & Operations
Coeur operates seven wholly-owned mines: New Afton (gold-copper, British Columbia), Rainy River (gold-silver, Ontario), Las Chispas (silver-gold, Sonora, Mexico), Palmarejo (gold-silver, Chihuahua, Mexico), Rochester (silver-gold, Nevada), Kensington (gold, Alaska) and Wharf (gold, South Dakota). It also wholly owns the Silvertip project, a polymetallic exploration asset in British Columbia that the company now formally classifies among its critical minerals holdings. New Afton’s mining rate averaged roughly 12,000 tonnes per day in Q2, rising toward 16,000 tonnes per day from the C-Zone cave by early Q4 as ramp-up continues — one reason the USGS Mineral Commodity Summaries tracks new North American copper supply so closely.
Latest Projects & Developments
Second-quarter adjusted EBITDA hit a record $478 million and free cash flow rose 45% quarter over quarter to $388 million. Cash and short-term investments more than doubled since year-end to $1.05 billion, and Coeur launched an enhanced capital return program in mid-May, repurchasing $121 million of stock and paying an inaugural $0.02 per share semi-annual dividend. Full-year 2026 guidance was trimmed to reflect lower assumed metals prices and a slightly slower ramp-up at New Afton’s C-Zone and Rainy River’s underground operations, with prorated copper guidance at New Afton narrowed to 40–50 million pounds for the nine months of ownership in 2026.
Coeur Mining in the Global Critical Minerals Market
Copper and gold each accounted for roughly half of New Afton’s Q2 revenue, positioning Coeur as an emerging, if still secondary, North American copper supplier at a time when Western governments are pushing to diversify copper and critical minerals sourcing away from concentrated producers — a trend tracked in detail by the IEA’s Critical Minerals programme. Silvertip, held separately from Coeur’s producing mines, remains at the exploration stage, but its polymetallic profile (zinc, lead, silver and germanium) gives Coeur Mining a second, longer-dated critical minerals angle worth watching alongside near-term copper output. For broader pricing context, see CMN’s silver price tracker and the August 2026 critical minerals market outlook.
Company Snapshot
| Metric | Detail |
|---|---|
| Founded | 1928 (as Coeur d’Alene Mines Corporation; renamed 2013) |
| Headquarters | Chicago, Illinois, USA |
| Listing | NYSE, TSX: CDE |
| Primary metals | Gold, silver, copper |
| Critical minerals asset | Silvertip polymetallic project (zinc, lead, silver, germanium), British Columbia |
| Q2 2026 revenue | $1.1 billion (record) |
| Q2 2026 cash position | $1.05 billion |
What does Coeur Mining produce?
Coeur Mining is primarily a gold and silver producer, with growing copper output from its New Afton mine in British Columbia following its 2026 acquisition of New Gold Inc.
Where are Coeur Mining’s main operations located?
Coeur operates seven mines across the United States, Canada and Mexico, including New Afton and Rainy River in Canada, Las Chispas and Palmarejo in Mexico, and Rochester, Kensington and Wharf in the United States.
Does Coeur Mining have exposure to critical minerals?
Yes. Beyond copper output at New Afton, Coeur wholly owns Silvertip, a polymetallic exploration project in British Columbia covering zinc, lead, silver and germanium, which the company classifies among its critical minerals holdings.
What is Coeur Mining working on currently?
Following its March 2026 acquisition of New Gold, Coeur is ramping up production at New Afton and Rainy River, alongside an enhanced capital return program of share buybacks and dividends.
Who leads Coeur Mining?
Coeur Mining is led by Chairman, President and CEO Mitchell J. Krebs, supported by CFO Thomas S. Whelan and COO Michael Routledge.
