CHICAGO, September 1, 2026, 13:20 CDT — Shares in Coeur Mining fell 1.6% as a decline in silver prices put pressure on the miner’s $1.5 billion cash-flow target.
- At 14:13 EDT, Coeur Mining was down 1.6% at $20.45.
- Gold futures declined by 2.1%, while silver lost 2.9%.
- Both metals stayed above the price levels Coeur used in its 2026 guidance assumptions.
On Tuesday, shares of Coeur Mining, Inc. (NYSE:CDE) declined 1.6% as precious metal prices moved lower. Nonetheless, gold and silver prices stayed above the levels used in the company’s cash-flow planning.
The difference is significant for shareholders. Coeur’s equity value of $21.0 billion is roughly 14 times the $1.5 billion in free-cash-flow that management has projected.
Gold futures slipped 2.1% to $4,386.60 as of 14:06 EDT. Silver declined 2.9% to $65.03. Both metals faced pressure from higher bond yields, with Saxo Bank analyst Ole Hansen pointing to the worldwide yield climb Reuters.
CDE recovered most of its opening drop
Intraday price in U.S. dollars; dashed line marks Monday’s $20.78 close.
The stock fell to $19.76 after beginning the session at $19.79, then rebounded about 3.5% from that low. Trading volume was 28.7 million shares, accounting for 75% of the average daily volume over the past three months Yahoo Finance.
The change was less pronounced compared to some rivals. Hecla Mining Company (NYSE:HL) and Pan American Silver Corp. (NYSE:PAAS) both declined by 2.6%. Agnico Eagle Mines Limited (NYSE:AEM) slipped 3.0%.
Metals led miners lower
Session change through roughly 14:10 EDT; bar length shows the size of each decline.
Coeur’s newest operating facility provides support. Revenue for the second quarter totalled $1.086 billion, an increase of 126% over the previous year. Free cash flow climbed 165% to $388 million company results.
Chief Executive Mitchell Krebs said the record quarter was driven by organic investments and two acquisitions. New Afton and Rainy River provided contributions throughout the entire quarter.
Management is now basing 2026 guidance on gold at $4,000 and silver at $60. On Tuesday, futures were trading 9.7% and 8.4% higher, respectively. The company projects adjusted EBITDA of $2.3 billion and free cash flow of $1.5 billion.
Current metals still clear Coeur’s planning floor
Prices per ounce; the buffer compares Tuesday futures with updated 2026 assumptions.
Production execution is still the main test specific to the company. Coeur lowered its outlook at New Afton and Rainy River following slower ramp-ups. The guidance for its five legacy mines was unchanged.
Gold accounted for 64% of revenue in the second quarter. Silver made up 30%, and copper represented 6%. Gold production set a new high at 163,490 ounces, with silver output steady at 4.4 million ounces.
Liquidity conditions strengthened further. Cash at the end of the quarter stood at $1.1 billion, and Coeur bought back $121 million in shares as of July 31. Full details on balance and acquisition accounting can be found in its June 10-Q.
Risks: Persistent prices falling below planning levels would tighten cash flow. Production delays at Canadian mines may counterbalance higher output from other sites.
The next operational milestone is anticipated in the early fourth quarter. Coeur projects that New Afton’s C-Zone mining rate will hit 16,000 tonnes per day.
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