Gold Price Rally: North American Precious Metals Firms Achieve Record Quarterly Performance and Declare First Dividend

Coeur Mining, Inc. (NYSE: CDE) reported record quarterly revenue of $856 million in the first quarter of 2026—approximately KRW 1.1 trillion—and achieved all‐time highs in net income, adjusted EBITDA and free cash flow. The company grew its cash and cash equivalents to $843 million (about KRW 1.2 trillion), an elevenfold increase year-over-year, and noted that the March 20 closing of its New Gold acquisition—including the New Afton and Rainy River mines—contributed production and cash flow during the final 11 days of the quarter. Coeur also reaffirmed its full-year 2026 guidance for production, costs, capital expenditures and taxes, encompassing seven operating mines plus the Silvertip project.

Following the New Gold closing, Coeur established a new $1 billion revolving credit facility, expanded its share-repurchase authorization to $750 million, and introduced a semiannual dividend of $0.02 per share, with the first payment expected in the second quarter of 2026. Reflecting the addition of the two Canadian mines, the company raised its consolidated production outlook for 2026 while maintaining plans to increase exploration and capital investment, and reissued its annual guidance.

Coeur Mining is a Chicago-based precious metals producer focused on gold and silver operations across the United States, Canada and Mexico. Founded in 1928 as a silver exploration company, it has grown through acquisitions and expansions to become a leading mid-tier precious metals miner in North America, bolstered in recent years by strong gold and silver prices and the New Gold acquisition.