CHICAGO, September 2, 2026, 10:26 CDT —
- At 11:26:42 EDT, shares of Coeur Mining rose 4.8% to $21.17.
- The stock rose more than the 2.4% increase recorded by the broad gold-miner ETF.
- Coeur projects free cash flow of $1.5 billion in 2026, indicating a 6.9% yield.
- Free cash flow in the second quarter increased by 165% compared to the same period a year ago.
Shares of Coeur Mining, Inc. NYSE:CDE rose 4.8% on Wednesday as gold prices moved higher. The stock hit $21.17 at 11:26:42 EDT, after closing at $20.20 on Tuesday Yahoo Finance.
The change is significant as Coeur has increased its exposure to metal prices. The acquisition of New Gold in March brought Rainy River and New Afton under its portfolio of mines Coeur’s second-quarter release.
COMEX gold futures stood at $4,417.70 per ounce at 11:16:40 EDT, rising 0.5%. The metal rebounded as the dollar and Treasury yields slipped from recent peaks Reuters. The ADP report indicated just 38,000 private sector jobs were added in August.
CDE holds most of its opening gain
$21.17 · +4.8%Source: Yahoo Finance. Five-minute observations; latest point shown separately.
Coeur started the session close to $21.38 and remained above $21 into late morning. Trading volume stood at 8.7 million shares at last check.
Precious-metals move from Tuesday’s close
Sources: Yahoo Finance quotes for CDE, HL, GDX, NEM, GOLD and GC=F.
Shares of Hecla Mining Company NYSE:HL climbed 6.7%. Newmont Corporation NYSE:NEM advanced 1.6%, and Barrick Mining Corporation NYSE:GOLD was up 1.2%.
Coeur reported a major shift in its operating base. Revenue for the second quarter hit a record $1.086 billion, marking a 126% increase from a year earlier. Free cash flow climbed to $387.5 million, compared with $146.2 million.
Second-quarter operating step-up
Source: Coeur Mining Q2 2026 earnings release. Adjusted EBITDA and free cash flow are company-defined non-GAAP measures.
New Afton and Rainy River operated throughout the quarter. Gold accounted for 64% of total revenue, with silver making up 30% and copper 6%. CEO Mitchell Krebs stated that Coeur anticipated “sharp increases” in production and free cash flow during the second half.
Liquidity strengthened as well. Cash and short-term investments totaled $1.052 billion, exceeding debt of $705 million. Coeur bought back $121 million in shares through July 31 and issued its first semiannual dividend.
Management outlook to current equity value
Sources: company outlook; 1.028 billion shares outstanding; $21.17 market price at . Yield excludes net cash and assumes guidance is achieved.
The $21.17 share price values equity at about $21.76 billion, based on the 1.028 billion shares listed in Coeur’s quarterly filing. This results in a 6.9% yield calculated from management’s free-cash-flow projections.
This is a straightforward comparison and not a prediction. It does not include net cash, and is contingent on Coeur executing its metals deliveries and mine schedules.
Risks: Gold and silver prices may change direction rapidly. The ramp-up at New Afton’s C-Zone and at Rainy River’s underground mine has proceeded more slowly than anticipated. In August, Coeur reduced its production forecasts and increased related cost outlooks.
The next step will be these operations. Coeur anticipates New Afton mining to achieve 16,000 tonnes per day at the start of the fourth quarter. Rainy River underground production aims for a daily rate of 5,000 tonnes by the end of the year.
Wednesday’s increase reflects more than just a rebound in bullion. Maintaining these levels will depend on new mines turning metal prices into earnings.
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