Coeur Mining, Inc. (NYSE: CDE) is a precious metals mining company that produces gold and silver from company-owned operations across North America. Revenue is generated by selling gold and silver at prevailing spot market prices, making financial results directly tied to commodity price fluctuations. As of the 10-K filed February 18, 2026, Coeur operates mines in the United States and has announced a pending acquisition of New Gold Inc., which is expected to add two Canadian operations, the New Afton gold-copper mine and the Rainy River gold-silver mine, upon close anticipated in the first half of 2026. The company has used derivative contracts to hedge anticipated gold and silver production and manage foreign currency exposure. The business is capital-intensive by nature, with production economics driven by ore grades, processing costs, and metals prices rather than pricing power over customers.
Mined gold, mined silver, gold-copper production (pending New Afton acquisition), gold-silver production (pending Rainy River acquisition).
Transactional sales of gold and silver at spot market prices. Revenue fluctuates with commodity prices, which the company partially manages through derivative hedging contracts on anticipated production.
Precious metals markets. End demand driven by jewelry, industrial use, and investment demand for gold and silver. Specific customer concentration not disclosed in the filing excerpts.
United States (existing operations as of filing date). Canada exposure expected to increase with pending New Gold acquisition adding New Afton and Rainy River mines, anticipated to close first half of 2026.
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