Precious metals producer Coeur Mining Inc. (CDE) on Wednesday reported an increase in first-quarter profit, driven by stronger gold and silver prices and increased production.
Net income from continuing operations rose to $246.76 million, or $0.35 per share, from $33.35 million, or $0.06 per share, in the year-ago quarter. Adjusted net income was $253.50 million, or $0.36 per share, compared with $40.50 million, or $0.08 per share, last year.
Revenue climbed to $856.20 million from $360.10 million a year earlier.
The company produced 96,503 ounces of gold and 4.4 million ounces of silver during the quarter, up 11% and 18%, respectively, from the prior year.
Average realized gold prices rose to $4,383 per ounce from $2,635 a year earlier, while silver prices jumped to $82.85 per ounce from $32.05.
The company reaffirmed its full-year 2026 guidance, including expected gold production of 680,000 to 815,000 ounces and silver production of 18.68 million to 21.93 million ounces.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.