Coeur Mining
CDE · NYSEGold and Silver Ores · Fiscal year ends Dec 31
Coeur Mining reported revenue of $2.1B in the fiscal year ended Dec 2025, up 96.4% from the year before. Operating income was $707M, an operating margin of 34.2%, and net income was $586M. Operating cash flow of $887M less capital expenditure of $221M left free cash flow of $666M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $833M | $786M | $821M | $1.1B | $2.1B |
| Operating income | – | −$39M | −$39M | $164M | $707M |
| Interest expense | $16M | $24M | $29M | $51M | – |
| Pre-tax income | $4M | −$63M | −$68M | $126M | $683M |
| Income tax | $35M | $15M | $35M | $67M | $97M |
| Net income | −$31M | −$78M | −$104M | $59M | $586M |
| Diluted EPS | −0.13 | −0.28 | −0.30 | 0.15 | 0.95 |
| Diluted shares | 250M | 275M | 343M | 397M | 615M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $57M | $61M | $62M | $55M | $554M |
| Receivables | $32M | $36M | $31M | $30M | $69M |
| Inventory | $51M | $62M | $77M | $79M | $163M |
| Current assets | $290M | $300M | $267M | $273M | $973M |
| Net PP&E | $320M | $1.4B | $1.7B | $1.8B | $2.7B |
| Goodwill | – | – | – | $0 | $626M |
| Total assets | $1.7B | $1.8B | $2.1B | $2.3B | $4.7B |
| Payables | $104M | $96M | $115M | $126M | $149M |
| Current liabilities | $236M | $219M | $290M | $331M | $393M |
| Short-term debt | $30M | $25M | $23M | $31M | $17M |
| Long-term debt | $458M | $491M | – | – | – |
| Shareholders' equity | $800M | $889M | $1B | $1.1B | $3.3B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $110M | $26M | $67M | $174M | $887M |
| Capital expenditure | $310M | $352M | $365M | $183M | $221M |
| Free cash flow | −$199M | −$327M | −$297M | −$9M | $666M |
| Depreciation & amortisation | $128M | $112M | $100M | $125M | $251M |
| Stock-based compensation | $14M | $10M | $11M | $12M | $19M |
| Acquisitions | – | $0 | $0 | $10M | −$94M |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −5.7% | 4.5% | 28.3% | 96.4% |
| Operating income growth (YoY) | – | – | – | – | 330.6% |
| EPS growth (YoY) | – | – | – | – | 533.3% |
| Operating margin | – | −5.0% | −4.7% | 15.6% | 34.2% |
| Net margin | −3.8% | −9.9% | −12.6% | 5.6% | 28.3% |
| Return on equityBlank when equity is negative | −3.9% | −8.8% | −10.1% | 5.2% | 17.7% |
| ROCEEBIT ÷ (assets − current liabilities) | – | −2.4% | −2.2% | 8.3% | 16.4% |
| Free cash flow margin | −23.9% | −41.6% | −36.2% | −0.8% | 32.2% |
| Cash conversion (CFO ÷ net income) | −3.53x | −0.33x | −0.65x | 2.96x | 1.51x |
| Receivable days | 14 | 17 | 14 | 10 | 12 |
| Interest cover | – | −1.64x | −1.33x | 3.20x | – |
| Debt ÷ equity | 0.61x | 0.58x | – | – | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $431M | $454M | – | – | – |
| Current ratio | 1.23x | 1.37x | 0.92x | 0.83x | 2.47x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.