Coeur Mining, Inc. (CDE) FY2025 10-K Annual Report

Filed: Feb 18, 2026
Energy
Gold and Silver OresSEC EDGAR

Coeur Mining, Inc. (CDE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Coeur Mining, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Precious metals producer with diversified assets in U.S., Canada, and Mexico focused on sustainable cash flow and growth
  • New acquisition: Definitive agreement to acquire New Gold Inc., adding two Canadian mines, New Afton and Rainy River, expanding Canadian operations
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Management Discussion & Analysis

  • Revenue $2,070.1M in 2025, up 96% YoY from $1,054.0M driven by 24% gold and 59% silver ounces sold growth, and 45% and 43% increase in realized prices
  • Net income $585.9M ($0.95/share) in 2025 vs $58.9M ($0.15/share) in 2024; adjusted EBITDA $1,025.8M vs $339.2M, operating margins not explicitly provided
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Risk Factors

  • Regulatory risk: Section 382 of Internal Revenue Code limits $522.6M U.S. net operating loss carryforwards usage after ownership changes, potentially increasing future tax liabilities
  • Macroeconomic threat: OECD Pillar Two global minimum tax effective 1/1/2024 may impact Coeur, with business expansions including SilverCrest deal bringing them in scope by 1/1/2025
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Coeur Mining, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$2.1B

+96.4% YoY

Net Income

$586M

+894.7% YoY

Operating Margin

34.2%

+1858bp YoY

Net Margin

28.3%

+2271bp YoY

ROE

17.7%

+1244bp YoY

Total Assets

$4.7B

+104.0% YoY

EPS (Diluted)

$0.95

+533.3% YoY

Operating Cash Flow

$887M

+409.0% YoY

Source: XBRL data from Coeur Mining, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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