Coeur Mining provides 2026 guidance following New Gold acquisition

Coeur Mining Inc. (NYSE: CDE) issued consolidated 2026 guidance following completion of its acquisition of New Gold Inc. on March 20, according to a company statement.

The company expects 2026 consolidated production of 680,000-815,000 gold ounces, 18.7-21.9 million silver ounces, and 50-65 million pounds of copper. The guidance incorporates nine months of contribution from the newly acquired New Afton and Rainy River mines in Canada.

Coeur's board authorized a $750 million share repurchase program and established an inaugural $0.02 per share semiannual dividend policy, with payments expected in June and December. The company also entered into a new $1.0 billion revolving credit facility to replace its existing $400 million facility.

The New Afton mine reported year-end 2025 proven and probable mineral reserves of 36.2 million tonnes containing 780,000 gold ounces, 2.1 million silver ounces and 591 million pounds of copper. The mine established an initial K-Zone resource with measured and indicated mineral resources totaling 47.6 million tonnes containing 715,000 gold ounces, 2.9 million silver ounces and 606 million pounds of copper.

Rainy River's year-end 2025 proven and probable mineral reserves totaled 2.2 million gold ounces and 5.6 million silver ounces, with the reserves-only mine life extended by two years to 2035.

For 2026, the company expects total capital expenditures of $437-526 million, including $291-337 million in sustaining capital and $146-189 million in development capital. Exploration expenses are projected at $147-169 million.

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