Q3 2025 Coeur Mining Inc Earnings Call Transcript
Key Points
- Coeur Mining Inc (CDE) reported a second consecutive quarter of record results driven by higher realized prices, strong production levels, and solid cost management.
- The company's cash balance is rapidly growing and is expected to exceed $500 million by year-end, placing it in a net cash position heading into 2026.
- The Las Chispas operation in Sonora, Mexico, showed consistent production and increased free cash flow by 34% to $66 million in the third quarter.
- The company has successfully integrated the Las Chispas operation, enhancing its asset portfolio with low-cost silver production.
- Coeur Mining Inc (CDE) has managed to lower cost guidance at three of its five mines, reflecting effective cost management and a favorable cost environment.
- The Rochester operation experienced unplanned downtime due to conveyor belt issues, impacting momentum.
- There was a slight decrease in tonnes crushed at Rochester due to downtime, affecting production guidance.
- Palmarejo and Las Chispas saw a drop in grade, attributed to sequencing and processing of stockpiles.
- The company faces higher royalty obligations due to stronger gold and silver prices, impacting costs.
- Despite strong performance, the company is cautious about entering new development projects, focusing on maintaining free cash flow.
Good day and welcome to the Coeur Mining third-quarter 2025 financial results conference call. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Mitchell Krebs, President and CEO. Please go ahead.
Good morning, everyone, and thanks for joining our call today to discuss our third-quarter results. Before I kick off, please note our cautionary language regarding forward-looking statements and refer to our SEC filings that are on our website.
The third-quarter highlights on slide 3 showcase our second consecutive quarter of record results driven by higher realized prices, strong production levels, and solid cost management. As a result, our cash balance is growing rapidly and is expected to exceed $500 million at year-end, placing us solidly in a net cash position heading into 2026. Based on recent price levels, we now expect our full-year EBITDA to exceed $1 billion and our full-year free cash flow to
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