I still think it’s too early to say the silver and gold price corrections are over. That said, I don’t think we are likely to see new lows. Meanwhile, Coeur Mining Inc. (CDE) is a precious metals producer that’s firing on all cylinders, suggests Peter Krauth, editor of Silver Stock Investor.
While both silver and gold have been behaving well, the charts suggest there is still some technical work left to do. As for Coeur, it just delivered a stand-out second quarter, posting record revenue of $1.1 billion, record adjusted EBITDA of $478 million, and $513 million in operating cash flow.
Importantly, free cash flow climbed to $388 million, supported by the first full-quarter contributions from the newly acquired New Afton and Rainy River mines. Net income reached $122 million, although results included a $140 million non-cash inventory accounting adjustment related to the Rainy River acquisition.
Coeur Mining Inc. (CDE)
Importantly, Coeur ended the quarter with more than $1 billion in cash, repurchased $121 million of shares, paid its inaugural dividend, and reduced debt obligations. Looking ahead, the company continues to expect record full-year 2026 results, targeting roughly 690,000 ounces of gold, 20 million ounces of silver, 45 million pounds of copper, $2.3 billion in adjusted EBITDA, and $1.5 billion in free cash flow.
Hard to ask for better. Coeur remains one of the larger companies I have as a core holding for the length of this bull market.
Recommended Action: Buy CDE.
