Coeur Mining Sets Sights on Multi-Billion Dollar Cash Flow Generation

Coeur Mining, after integrating New Gold and SilverCrest, projects a near-quadrupling of free cash flow to $2B and $3B EBITDA for 2026, backed by a refreshed board and seven-mine portfolio.

Following an aggressive acquisition spree, Coeur Mining is realigning its leadership team to steer its newly expanded operations. The precious metals producer has undergone a significant transformation with the integration of New Gold and SilverCrest Metals. Management is now outlining an ambitious financial roadmap, forecasting a dramatic leap in profitability for 2026.

Ambitious Financial Targets for 2026

The strategic personnel moves are backed by the company's record-breaking performance last year. In 2025, Coeur Mining achieved peak production and free cash flow, supported by substantial growth in its gold reserves. With a portfolio of seven wholly-owned mines across North America, the company is projecting its next major financial leap. Adjusted EBITDA is expected to reach approximately $3.0 billion. Meanwhile, free cash flow is targeted at $2.0 billion, representing a near-quadrupling compared to the prior year's figure.

Board Refreshment Aligns with New Scale

Recent proxy materials for the upcoming annual meeting reflect the company's enlarged footprint. The board of directors has been strategically bolstered with industry experts following the acquisitions. Pierre Beaudoin joined the board in February 2025 after the SilverCrest transaction. He was followed in March 2026 by Patrick Godin and Marilyn Schonberner, who came from the ranks of New Gold. Shareholders are expected to formally confirm these appointments at the virtual annual meeting.

Bond Exchange and Share Performance

Alongside preparations for the shareholder meeting, management is advancing its financial restructuring. Investors should note several key dates in the coming weeks:

• April 20, 2026: Deadline for the ongoing bond exchange offer (up to $400 million in principal amount)
• April 22, 2026: Expected settlement date for the transaction
• May 12, 2026: Virtual Annual Meeting of Shareholders

Despite the robust operational outlook, the company's shares have recently been caught in broader market volatility, declining roughly 16% over the past month. The stock closed yesterday at €16.34, trading below its 50-day moving average.

On a year-to-date basis, however, the equity still shows a remarkable gain of over 270%. Coeur Mining's fundamental repositioning, now backed by a seven-mine portfolio, provides the operational foundation for its ambitious cash flow targets this year.