The US-based precious metals producer Coeur Mining has unveiled its financial and operating results for the fourth quarter and the full year 2025, delivering a string of record-breaking figures. The company’s operational strength, combined with favorable metal prices, has translated into dramatically improved financial health and ambitious future plans.
Financial Performance Hits New Highs
For the full 2025 fiscal year, Coeur Mining’s revenue nearly doubled, reaching $2.1 billion. The final quarter alone saw revenue of $674.7 million, representing a significant jump from prior periods. This robust top-line performance was matched by profitability, with adjusted earnings per share coming in at $0.35 for Q4, setting a new quarterly record.
The market’s reaction to this powerful earnings report was swift and positive, reflecting strong investor confidence.
Operational Records and Cash Flow Strength
Production metrics for the year underscore the company’s operational execution. Coeur Mining achieved record output of 419,046 ounces of gold and 17.9 million ounces of silver in 2025. These results were bolstered by higher realized prices for both metals, which had a direct and positive impact on operating margins.
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A particularly striking achievement was the surge in free cash flow, which soared by 66% year-over-year in the fourth quarter to $313 million. For the full year, operating cash flow totaled $666 million. This financial windfall enabled the company to strengthen its balance sheet substantially.
Fortified Balance Sheet and Strategic Acquisition
Coeur Mining utilized its increased cash generation to reduce its total debt by $250 million. By year-end, the company’s cash and equivalents position stood at $554 million, showcasing a much more resilient financial foundation.
Looking ahead, management has provided guidance for 2026, targeting a further increase in silver production to a range of 18.2 to 21.3 million ounces. However, a more transformative development is on the horizon: the planned acquisition of New Gold, expected to close in the first half of the year. The combined entity is projected to generate approximately $3 billion in annual EBITDA and $2 billion in yearly free cash flow upon completion of the transaction.
Extended Mine Life and Resource Growth
Beyond near-term production and mergers, Coeur Mining has also succeeded in extending the operational lifespan of its key assets. The company announced a doubling of the mine life at its Wharf operation, from six years to twelve. Additional reserve expansions were reported at both the Palmarejo and Kensington mines, securing longer-term production potential.
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