Coeur Mining, Inc.
Coeur Mining, Inc. is a US-based, NYSE-listed precious metals producer operating Rochester (silver-gold, Nevada), Palmarejo (gold-silver, Chihuahua, Mexico), Kensington (gold, Alaska) and Las Chispas (silver-gold, Sonora, Mexico). Coeur closed its acquisition of New Gold Inc. in Mar 2026, materially expanding the combined company's reserve base. Q2 2026 free cash flow was $388 million ($0.37/share); the combined post-New-Gold company holds 7.3 million ounces of gold reserves, 282.1 million ounces of silver reserves, and 591 million pounds of copper reserves. The company is investing $158 million in exploration in 2026 -- twice 2025's level and its largest program ever, concentrated at Palmarejo and Las Chispas.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Jan 2022 · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Not in place: tailings facility.
Combined view across 4 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 13 yrsRochester
- 9 yrsPalmarejo
- 7 yrsLas Chispas
- 10 yrsRainy River
Jurisdiction (40%)9/10
Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. Coeur's flagship is the Rochester silver-gold mine in Nevada. It also operates Kensington (Alaska) and Palmarejo and Las Chispas (Mexico), and the March 2026 close of the New Gold acquisition added further North American assets; this single flagship-based score does not capture the Mexican operations' higher risk.
Infrastructure (40%)8.6/10
A confirmed mill, confirmed road access, confirmed grid power, and no confirmed tailings facility at Rochester.
Nearby producing mine (20%)9.1/10
Florida Canyon (Integra Resources Corp.) is 34 km away -- within regional-platform range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not yet researched
Holder register not researched yet
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:6.6/10
Nearest producing mine: Florida Canyon (Integra Resources Corp.), 34 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President and Chief Executive Officer of Coeur Mining, Inc. since Jul 2011 -- his entire substantive career has been built inside Coeur since joining as Manager of Acquisitions in Aug 1995, rising through Corporate Development (VP 2003, SVP 2006) and CFO (2008-2011) before becoming CEO. BS Economics, The Wharton School, University of Pennsylvania; MBA, Harvard University.
Before Coeur, CFO of Arizona Mining Inc. (2017-2018, until its acquisition by South32); CFO of Nevsun Resources Ltd. (2014-2017); Partner at Ernst & Young LLP (Canada), including EY's Global Mining & Metals Assurance sector leader and Canadian Mining & Metals sector leader. Undergraduate studies, Queen's University.
President and Chief Executive Officer of Coeur Mining, Inc. since Jul 2011 -- his entire substantive career has been built inside Coeur since joining as Manager of Acquisitions in Aug 1995, rising through Corporate Development (VP 2003, SVP 2006) and CFO (2008-2011) before becoming CEO. BS Economics, The Wharton School, University of Pennsylvania; MBA, Harvard University.
Director of Cadillac Mines Corporation, appointed September 2026; also Director (Non-Independent) of Coeur Mining, Inc. Mineral processing professional with 40+ years of international operating and project development experience (Mineral Processing degree, Abitibi-Temiscamingue College, 1984; Advanced Executive Certificate in Management, Queen's University, 2016). Chairman of Radisson Mining Resources Inc.
Director of Coeur Mining, Inc. Over 30 years of corporate, technical and operations experience in the mining industry; served as President and Chief Executive Officer of New Gold Inc. from November 2022 until March 2026. Per the company's 2026 proxy, not considered independent.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Not scored. Smart-money tracking covers companies below about US$5B in market cap, where a single specialist fund or strategic investor taking a stake is a meaningful signal. This company was above that size when it was assessed.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Coeur Mining operates Rochester in Nevada, Palmarejo and Las Chispas in Mexico, Kensington in Alaska and Wharf in South Dakota, and added New Afton and Rainy River with its acquisition of New Gold in March 2026. Gold is now its main metal by revenue (64% in Q2 2026). Its 31 Dec 2025 statement, published before the New Gold assets joined, gives 4.35 Moz of gold reserves plus 3.07 Moz of additional measured and indicated gold (7.42 Moz combined) and, for silver, 274.4 Moz of reserves plus 172.0 Moz of measured and indicated. Reserve lives at the end of 2025 were about 16 years at Rochester, 12 at Wharf and 5 at Kensington; Coeur does not publish a company-wide NPV or IRR.