Coeur Mining Reports 116% Revenue Growth to $480.7 Million in Q2 2025

Coeur Mining, Inc. reported significant financial growth in its second quarter of 2025, with revenues reaching $480.7 million, a 116% increase from $222.0 million in the same period last year. The company also achieved a net income of $70.7 million, or $0.11 per diluted share, compared to a mere $1.4 million in the second quarter of 2024. For the first half of 2025, Coeur's revenue totaled $840.7 million, nearly doubling from $435.1 million in the first half of 2024, while net income for the period was $104.1 million, a stark contrast to the net loss of $27.7 million reported a year earlier.

The substantial revenue growth was primarily driven by increased production and sales from the newly acquired SilverCrest Metals Inc., which contributed to a 24% rise in gold sales and a 65% increase in silver sales year-over-year. The average realized prices for gold and silver also saw notable increases of 47% and 32%, respectively. Coeur's operational performance was bolstered by strong production metrics, with gold production rising to 108,487 ounces and silver production reaching 4.7 million ounces in the second quarter, marking increases of 38% and 79% year-over-year.

Strategically, Coeur Mining completed the acquisition of SilverCrest in February 2025, which has expanded its operational footprint and increased its gold and silver reserves. The acquisition was valued at approximately $1.58 billion and has been a key factor in the company's recent financial performance. The company also initiated a $75 million share repurchase program in May 2025, reflecting its commitment to returning value to shareholders.

Operationally, Coeur Mining reported a total of 642.7 million shares outstanding as of June 30, 2025, with a significant increase in cash and cash equivalents to $111.6 million, up from $55.1 million at the end of 2024. The company’s total assets surged to $4.15 billion, compared to $2.30 billion at the end of the previous fiscal year, driven by the acquisition and increased production capabilities. The company also reported a decrease in its net leverage ratio to 0.4x, indicating improved financial stability.

Looking ahead, Coeur Mining reaffirmed its production guidance for 2025, targeting between 380,000 to 440,000 ounces of gold and 16.7 to 20.3 million ounces of silver. The company remains focused on maintaining operational efficiency and capitalizing on its recent acquisitions to drive future growth.