Gold and silver price volatility
Revenue and profitability depend heavily on realized metal prices, which can swing sharply.
- Scope
- All producing assets
- Materiality
- high
Coeur Mining, Inc.
Coeur Mining, Inc. is a U.S.-listed precious metals producer founded in 1928 with operating mines in the United States and Mexico and an exploration project in Canada. The company produces gold and silver, with additional exposure to zinc and lead through Silvertip, and sells doré, bullion, and concentrate into global metals markets.
46,3 %
28,3 %
+96,4 %
2.47
2.06
| % | |
|---|---|
| Gold production | 65% Gold ounces produced and sold from mines such as Rochester, Kensington, Wharf, Las Chispas and Palmarejo. |
| Silver production | 35% Silver ounces produced and sold, mainly from Las Chispas, Palmarejo and Rochester. |
| Doré and bullion sales | 70% Refined gold and silver doré sold through third-party refiners into bullion markets. |
| Concentrate sales | 10% Gold concentrate sold under offtake agreements, primarily from Kensington. |
| Exploration and development | 0% Mine expansion, reserve conversion and exploration work at operating assets and Silvertip. |
Coeur sells primarily into wholesale precious-metals channels rather than to end consumers...
- Bullion banks and trading housesprimary
Buy refined gold and silver bullion for trading, inventory and market-making activities.
- Third-party refinersprimary
Purchase doré from Coeur and refine it into bullion for resale in global markets.
- Smelters and concentrate buyerssecondary
Buy gold concentrate, especially from Kensington, under offtake or quotational pricing contracts.
- Industrial and precious-metals market intermediariessecondary
Use Coeur's output as feedstock or trading inventory in the broader metals supply chain.
Coeur’s operating footprint spans the United States, Mexico and Canada, with production concentrated in mining-friendly...
- •United States mines include Rochester, Kensington and Wharf
- •Mexico is a core production base through Las Chispas and Palmarejo
- •Canada currently includes Silvertip exploration and future New Gold assets
- •Global sales go to refiners, banks and smelters across multiple regions
- •Country mix matters because taxes, permits and FX vary by jurisdiction
Coeur is focused on building a diversified precious-metals portfolio that can generate sustainable cash flow across...
01
Ramp and optimize current operating minesshort-term
Higher throughput and better recoveries support cash flow and lower unit costs.
02
Complete and integrate the New Gold transactionshort-term
Adds two Canadian mines and broadens the production base.
03
Extend mine life through exploration and reserve conversionmedium-term
Longer mine lives improve asset value and reduce depletion risk.
Coeur's earnings are highly exposed to gold and silver prices, which can move sharply and directly affect revenue,...
Operational disruptions at mines
Underground and open-pit operations are exposed to maintenance, geology, weather and recovery risk.
- Scope
- Las Chispas, Palmarejo, Rochester, Kensington, Wharf
- Materiality
- high
Jurisdictional and tax risk
Mining taxes, permitting and regulatory changes can materially affect economics by country and state.
- Scope
- Mexico, United States, Canada
- Materiality
- high
Acquisition and integration risk
The New Gold transaction may require financing, equity issuance and operational integration.
- Scope
- New Afton, Rainy River, corporate balance sheet
- Materiality
- high
Cybersecurity and IT systems disruption
New or upgraded systems could fail or be compromised, affecting operations and reporting.
- Scope
- Enterprise systems and mine operations
- Materiality
- medium
Provisional pricing and embedded derivatives
Can create period-to-period revenue volatility
Reserve estimates and units-of-production amortization
Changes can materially affect operating profit
Impairment of long-lived assets
Could trigger non-cash write-downs
Business combination fair values
Affects goodwill, mineral properties and future amortization
: 28.4.2026