Silver and gold production surges drove Coeur Mining to all-time high quarterly revenue and EBITDA in Q1 2026.
Coeur Mining reported record first-quarter revenue of $856 million, driven by an 18% year-over-year increase in silver production and an 11% rise in gold output. EBITDA nearly quadrupled to $475 million, while free cash flow reached $267 million despite $200 million in one-time costs.
The results reflect higher metals prices and partial contributions from the recently acquired New Afton and Rainy River mines, which closed during the quarter. Cash and equivalents surged to $843 million, up nearly 11 times from a year earlier.
Executives noted the quarter typically underperforms but called the start to 2026 strong, with full-year production expected to benefit from the New Gold assets.