Coeur Mining

What Coeur Mining does

Coeur Mining, Inc. is a U.S.-based precious metals producer that operates seven wholly-owned mines across North America — in the United States (Rochester in Nevada, Wharf in South Dakota, Kensington in Alaska), Canada (New Afton in British Columbia, Rainy River in Ontario), and Mexico (Las Chispas and Palmarejo in Sonora and Chihuahua). The company produces doré bars, copper concentrate, and electrolytic cathodic sludge containing gold, silver, and copper, and sells these products via direct B2B channels to precious metals refiners, smelters, commodity exchanges, and streaming partners (notably Franco-Nevada at Palmarejo). Pricing is set entirely by global commodity markets, with Q1 2026 average realized prices of $4,383/oz gold, $82.85/oz silver, and $5.55/lb copper. Gold represented approximately 56-58% of Q1 2026 revenue ($475M), silver approximately 42% ($362M), and copper approximately 2% ($18.8M).

The company's underlying technology is rooted in conventional and emerging mining methods: open-pit heap leach silver-gold processing at Rochester (one of the world's largest at over 88,000 tons per day following a $730M expansion), block cave mining at New Afton's C-Zone (commercial production achieved ahead of schedule in October 2024), and conventional longhole underground methods across Palmarejo, Las Chispas, Kensington, and Rainy River (which is mid-transition from open-pit to underground). Coeur also holds the Silvertip polymetallic exploration project in British Columbia as a development-stage critical minerals asset.

Coeur's business model is commodity revenue generation, with revenue scaling directly with mine output and metal prices rather than contracted pricing. The company generated approximately $2.1B in FY2025 revenue, $856M in Q1 2026 (up 138% YoY), and guides to approximately $3B EBITDA and $2B free cash flow for full-year 2026 following the March 2026 acquisition of New Gold Inc. ($7B) and the February 2025 acquisition of SilverCrest Metals ($1.7B). Capital allocation has matured to include an inaugural $0.02 per share semi-annual dividend, a $750M share repurchase program, and a new $1B revolving credit facility, alongside continued organic and inorganic growth investment.

Name

Coeur Mining

Legal name

Coeur Mining, Inc.

Website

https://coeur.com

Company type

Public

Founded year

1928

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Coeur Mining is a U.S.-based senior precious metals producer operating seven wholly-owned gold, silver, and copper mines across the United States, Canada, and Mexico, selling doré and concentrate via B2B channels to refiners, smelters, and streaming partners at prevailing commodity prices.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Gold Sales: Primary revenue driver producing doré and electrolytic cathodic sludge from gold mines. Gold represented approximately 56-58% of Q1 2026 revenue at $475 million. Average realized gold price of $4,383 per ounce in Q1 2026.
2. Silver Sales: Silver production from multiple mines including Rochester, Las Chispas, Palmarejo, and Silvertip. Silver represented approximately 42% of Q1 2026 revenue at $362 million. Average realized silver price of $82.85 per ounce in Q1 2026.
3. Copper Sales: Copper concentrate production from New Afton mine in British Columbia. Copper represented approximately 2% of Q1 2026 revenue at $18.8 million. Average realized copper price of $5.55 per pound.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Coeur Mining extracts and produces gold, silver, and copper from seven wholly-owned mining operations across the United States, Canada, and Mexico. The company sells doré bars, electrolytic cathodic sludge, and copper concentrate to precious metals refiners, commodity exchanges, and streaming partners. Operations utilize underground block cave, underground longhole, and open-pit heap leach mining methods, with key sites including Rochester (NV), Palmarejo (MX), Las Chispas (MX), New Afton (BC), Rainy River (ON), Kensington (AK), and Wharf (SD).

Product overview

Coeur Mining is a U.S.-based precious metals mining company operating seven wholly-owned mining operations across North America, organized as a platform of distinct mine sites producing gold, silver, copper, zinc, and lead. The portfolio consists of the New Afton (gold-copper) and Rainy River (gold-silver) mines acquired through the New Gold transaction in March 2026; the Las Chispas (silver-gold) mine acquired through SilverCrest Metals in February 2025; the Palmarejo (silver-gold) and Rochester (silver-gold) mines as established operations; the Kensington (gold) and Wharf (gold) mines as legacy assets; and the Silvertip polymetallic exploration project. The company produces doré bars and concentrates for sale to smelters and refiners worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Coeur Mining: Primary operating brand for precious metals mining operations

Products and services

• New Afton Mine Underground copper-gold mine in British Columbia, Canada, utilizing block cave mining with C-Zone in commercial production since October 2024 and producing copper concentrate containing gold and silver. Mine life extends to 2031 with the K-Zone maiden resource adding 715,000 oz Au, 2.9M oz Ag, and 606M lbs Cu in measured and indicated categories.
• Rainy River Mine Open-pit and underground gold-silver mine in Ontario, Canada, mid-transition to underground operations. Produces doré bars containing gold and silver, with mine life extended to 2035 following the new life-of-mine plan.
• Las Chispas Mine Underground silver-gold mine in Sonora, Mexico, acquired through SilverCrest Metals in February 2025. Produces doré bars from high-grade narrow-vein deposits.
• Palmarejo Mine Underground gold-silver complex in Chihuahua, Mexico, consisting of multiple mines including Palmarejo, Independencia, and La Nación. Produces doré bars and represents the company's largest silver production asset; subject to a Franco-Nevada gold streaming agreement.
• Rochester Mine Open-pit, heap leach silver-gold operation in Nevada, USA. Following the completion of a $730 million expansion, it is one of the world's largest operations of its kind, processing over 88,000 tons per day.
• Wharf Mine Open-pit, heap leach gold mine in South Dakota's Black Hills, and the only operating gold mine in the state. Produces electrolytic cathodic sludge (gold-silver precipitate).
• Kensington Mine Underground gold mine in Alaska, producing gold concentrate. One of Coeur's established North American mining operations.
• Silvertip Project Polymetallic critical minerals exploration project in British Columbia, Canada. One of the highest-grade silver-zinc-lead projects in the world, currently in exploration phase with mining and processing suspended since 2020 pending evaluation of potential expansion and restart.

Quantifiable outcome

• Record Q1 2026 revenue of $856M, up 138% YoY
• +5 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Crawford Ranch, LLCminorStrategic or Co-development Partner · 1 January 2020First-of-its-kind sage-grouse conservation agreement at Rochester mine. Coeur Rochester provides full funding to preserve and enhance over 3,000 acres of vital greater sage-grouse habitat in Nevada under Nevada's Conservation Credit System.
• Black Hills EnergyminorStrategic or Co-development Partner · 1 January 2020Power purchase agreement at Wharf mine for renewable energy, securing over 40% of electricity from wind sources starting in 2021, with plans to increase to 100% wind-generated power.
• Treaty #3 Anishinaabe CommunitiescoreStrategic or Co-development PartnerFormal agreements with local First Nations at Rainy River focused on meaningful engagement, economic participation, environmental monitoring, and shared stewardship throughout the life of the operation.
• Métis Nation of OntariocoreStrategic or Co-development PartnerParticipation and Impact Benefit Agreement with Métis Nation of Ontario at Rainy River operations.
• Stk'emlúpsemc te SecwépemccoreStrategic or Co-development PartnerFirst Nations partnership at New Afton mine located on the Stk'emlúpsemc te Secwépemc territory within the unceded traditional lands of the Secwépemc Nation.
• Kaska and Tahltan NationscoreStrategic or Co-development PartnerParticipation agreements with Kaska and Tahltan Nations at Silvertip exploration project with ongoing collaboration in environmental monitoring, permit application review, and operational discussions through Environmental Technical Working Group and Silvertip Monitoring Committee.
• Fort Frances Chiefs Secretariat (First Nations)coreStrategic or Co-development PartnerImpact Benefit Agreements with multiple First Nations members including Anishinaabeg of Naongashiing, Big Grassy First Nation, Animakee Wa Zhing #37 First Nation, Naotkamegwanning First Nation, Ojibways of Onigaming First Nation, Rainy River First Nations, and Naicatchewenin First Nation.

Scale indicators18 records

Recent moves8 records

Expansion highlights8 records

Direct peers

• Pan American Silver Corp. Major silver producer with diversified precious metals mining operations across the Americas. Directly comparable to Coeur's silver-led portfolio and Latin American footprint (Mexico, Peru, Bolivia).
• Agnico Eagle Mines Limited: Senior gold producer with significant operations in Canada and Mexico, making it one of the closest direct peers to Coeur's North American gold/silver footprint. Comparable mid-cap senior profile with strong free cash flow generation.
• Alamos Gold Inc. Mid-cap gold producer with operations in Mexico and Canada. Comparable scale and North American footprint, with similar multi-asset underground/open-pit mining approach to Coeur.
• Newmont Corporation: Largest gold mining company globally and a directly comparable North American-focused gold producer with diversified operations. Competes with Coeur for capital, M&A targets, and investor mindshare in the senior gold space.
• First Majestic Silver Corp. Primary silver mining company with Mexican operations, directly overlapping with Coeur's Las Chispas and Palmarejo. Smaller and more silver-pure-play but operates the same high-grade silver-gold underground model in Sonora/Chihuahua.
• Hecla Mining Company: Largest U.S.-based primary silver producer with significant silver and gold operations, directly comparable to Coeur's silver-heavy portfolio. Similar mid-cap senior precious metals profile and North American geographic focus.
• Kinross Gold Corporation: Mid-cap senior gold producer with operations primarily in the Americas, including significant West African assets. Similar market cap tier to Coeur and directly comparable business model of multi-asset gold/silver production.

Broad incumbents

• Barrick Gold Corporation: One of the world's largest gold producers with diversified global operations including North America. Larger and broader than Coeur but operates in the same gold/copper mining space with overlapping Canadian assets.
• Freeport-McMoRan Inc. Major copper and gold producer with significant North American operations. While copper-focused, Freeport's gold byproduct business and large-scale open-pit/underground mining approach overlap with Coeur's New Afton copper-gold operation.

Others

• Wheaton Precious Metals Corp. Precious metals streaming company that, like Franco-Nevada, provides upfront capital to miners in exchange for metal deliveries. Although Wheaton is a financing partner/competitor rather than a miner, it is a key counterparty in the same precious metals ecosystem Coeur operates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/coeurmining
• LinkedInlinkedin.com/company/coeur-mining/mycompany
• Instagraminstagram.com/coeurmining/?hl=en
• Xx.com/coeurmining

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coeur Mining