Q4 2025 Coeur Mining Inc Earnings Call Transcript
Key Points
- Record full year silver and gold production increased by 57% and 23% year over year, respectively.
- Full year EBITDA increased 200% to over $1 billion, with free cash flow rising to $666 million from a negative $9 million in 2024.
- Year-end cash increased more than tenfold to $554 million, with net income also increasing tenfold to a record $586 million.
- Rochester's silver and gold production increased by 40% and 54% year over year, respectively, with significant progress toward steady state levels.
- Successful integration of Las Chispas, which became the top cash flow generator with $286 million of free cash flow in just 10.5 months.
- A fire in the Wharf mine's tertiary crusher caused damage, impacting conveyor belts and ancillary equipment, requiring repairs.
- Las Chispas experienced a reduction in reserve grades due to a more conservative modeling approach.
- Rochester's silver recoveries are currently lower than expected, requiring further improvements in crush size to enhance recoveries.
- The company faces significant cash tax obligations, with 80% expected to be in Mexico, impacting cash flow.
- The integration of new gold assets and related exploration investments may require significant capital allocation and management focus.
Good day and welcome to the Core Mining 4th quarter 2025 financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press, then 1 on your telephone keypad. To withdraw your question, please press, then 2. Please note this event is being recorded. I would now like to turn the conference over to Mitchell Krebs. Please go ahead.
Good morning everyone and thanks for joining our call today to discuss our 4th quarter and full year results.
Before we start, please note our cautionary language regarding forward-looking statements and refer to our SEC filings on our website.
One housekeeping item you may have noticed, we shifted our reporting to metric units starting this quarter based on feedback we've received and to better align with our peers.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
