Core Viewpoint - Coeur Mining, Inc. (CDE) and Ero Copper Corp. (ERO) are benefiting from a favorable macro environment characterized by high gold prices driven by safe-haven demand, central bank purchases, and strong investment inflows, enhancing pricing and cash flow visibility [1]. Coeur Mining (CDE) - CDE produced approximately 112,429 ounces of gold and 4.7 million ounces of silver in Q4 2025, an increase from 87,149 ounces and 3.2 million ounces in the same quarter the previous year, indicating improved operational execution [3]. - Key mines such as Las Chispas, Palmarejo, Rochester, Kensington, and Wharf contributed significantly to production, with Las Chispas delivering 14,719 ounces of gold and 1.4 million ounces of silver, and Rochester contributing nearly 17,000 ounces of gold and 1.7 million ounces of silver [4][5]. - CDE's cash and cash equivalents reached $554 million at the end of December 2025, up by $55 million year-over-year, while total debt decreased to approximately $341 million from $590 million [7]. - The company is expected to enhance revenue visibility and support margin expansion due to higher output amid favorable metal prices [7]. Ero Copper (ERO) - ERO achieved record consolidated copper production of 19,706 tons in Q4 2025, a significant increase from 12,883 tons in Q4 2024, driven by improved mill throughput and operational stability [8]. - Gold production totaled 28,836 ounces, reflecting a strong year-over-year increase due to enhanced by-product output and processing performance [9]. - ERO's cash and cash equivalents were $66 million at the end of September 2025, with long-term debt at $571 million [13]. - The company is advancing key expansion projects, including the Furnas copper-gold project, which outlines a 24-year initial mine life with an average annual production of approximately 108,000 tons of copper equivalent over the first 15 years [12]. Price Performance & Valuation - CDE stock has surged 389.8% over the past year, while ERO has increased by 186.4% [17]. - CDE is trading at a forward 12-month earnings multiple of 12.17X, compared to ERO's 7.92X [18]. - The Zacks Consensus Estimate for CDE's 2026 sales implies a year-over-year growth of 120%, while ERO's estimates suggest a 46% increase [19][24]. Investment Considerations - CDE offers stable, cash-generative growth with a strong balance sheet and low debt, supported by operational improvements across multiple mines [26]. - ERO presents higher growth potential driven by record production and long-term projects, although it carries higher leverage and smaller cash reserves [26]. - Holding both stocks allows investors to balance stability and predictable cash flow from CDE with the growth and copper exposure from ERO [27].

A view of First Majestic’s Los Gatos operation in Chihuahua state. Credit: First Majestic Silver.Escalating security risks and a legacy of lengthy project approvals are increasing investor scrutiny of mining exposure to Mexico, TD Cowen says.Recent incidents linked to cartel activity — such as the late January abduction of 10 Vizsla Silver (TSX, NYSE: VZLA) workers and subsequent killing of some of them — underscore the strategic importance of Mexico’s mining industry, particularly for silver, TD Cowen mini ...

 February 24, 2026 – TheNewswire - Rockport, Ontario – New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce it has acquired and consolidated the Double R Gold Project through staking in the Kenora Mining District, northwestern Ontario. The Project now consists of 834 mining claims totalling 17,620 hectares (43,540 acres) in a highly prospective gold district.The acquisition is supported by the region’s established gold mineralization and favourable stru ...

I came into Coeur Mining, Inc. ( CDE ) still thinking of the Rochester turnaround story. Well, I believe that's outdated now. And this is because the company has already finished the Rochester expansion in 2024. ItMy background is in Financial Engineering and I have long since been interested in analyzing strong solid companies with a rare financial Profile. My primary area of specialization is in quantamental analysis, where I use a combination of data driven models and fundamental research. My approach is ...

Coeur Mining (NYSE:CDE) Conference February 24, 2026 08:00 AM ET Company ParticipantsMitch Krebs - CEONone - Company RepresentativeConference Call ParticipantsNone - AnalystModeratorAll right. Good morning, everyone. We'll kick things off here in our silver sessions this morning. Our first presenter is Coeur Mining. I do have to let you know that we are restricted on Coeur Mining at BMO Capital Markets. Coeur Mining is a diversified North America-focused precious metals producer, and we're joined today by C ...

Core Insights - The Global X - Silver Miners ETF (SIL) and the iShares Gold Trust (IAU) provide different investment approaches to precious metals, with SIL focusing on silver mining companies and IAU holding physical gold [2][8]. Cost & Size Comparison - SIL has an expense ratio of 0.65% and assets under management (AUM) of $6.7 billion, while IAU has a lower expense ratio of 0.25% and AUM of $81.2 billion [3]. - The one-year total return for SIL is 216.7%, compared to 76.64% for IAU [3]. Performance & Risk Analysis - SIL has a maximum drawdown of -24.59% over five years, while IAU has a higher maximum drawdown of -42.18% [4]. - An investment of $1,000 in SIL would grow to $2,432 over five years, whereas the same investment in IAU would grow to $2,834 [4]. Fund Structure - IAU is designed to closely mirror the price of physical gold, holding 16.07 ounces in trust as of February 20, and has been operational for 21 years [5]. - SIL holds a diversified portfolio of 39 silver mining stocks, with its largest positions in Wheaton Precious Metals, Pan American Silver, and Coeur Mining, which together account for over 40% of the fund [6]. Investment Implications - IAU serves as a direct investment in gold, making it a safer option for investors looking to gain exposure to gold without the complexities of physical ownership [9][12]. - SIL provides indirect exposure to silver prices through mining stocks, which can be influenced by individual company performance and market conditions, but comes with a higher expense ratio that may affect long-term returns [12][11].

2月23日，在贵金属市场并购浪潮汹涌的背景下，金丰来密切关注到 New Gold Inc． 即将发布的关键财 报。作为其被 Coeur Mining 以 70 亿美元收购前的最后一次独立业绩亮相，这份财报不仅是其自身年度 转型的总结，更是观察整个黄金开采行业盈利效率的窗口。金丰来认为，New Gold 本次业绩的表现将 直接定义其在合并蓝图中的价值锚点，尤其是在金价持续高位运行的支撑下，市场对其运营潜力的释放 寄予了厚望。 在运营细节层面，Rainy River 等核心矿场的生产成本控制将是重中之重。金丰来表示，合并后的新实 体计划在 2026 年产生高达 20 亿美元的自由现金流，这意味着 New Gold 必须展现出极强的"退出速 度"，以验证其资产整合的战略合理性。金丰来认为，能否持续将高企的现货金价转化为丰厚的自由现 金流，是衡量矿业管理层治理水平的唯一标准。此外，鉴于该交易预计在 2026 年上半年完成，本次财 报电话会议极可能是市场获取独立前瞻指引的最后机会。 针对具体的财务预期，分析师预测其第四季度每股收益将达到 0.27 美元，营收规模预计达 5.23 亿美 元。金丰来表示，这一营收数据较去年 ...

Core Insights - Coeur Mining, Inc. (CDE) experienced a significant increase in free cash flow in Q4 2025, rising 66% sequentially to a record $313 million, driven by higher gold and silver prices of $3,184 and $40.01 respectively [1][9] Group 1: Operational Performance - Higher production volumes and improved cost discipline, particularly at the Palmarejo mine in Mexico, Rochester in Nevada, and Kensington in Alaska, enhanced overall operating performance [2] - Operational stabilization and successful ramp-up at Rochester contributed to increased throughput rates and improved margin realization, significantly aiding cash flow growth [2] Group 2: Financial Strength - The surge in cash generation strengthened CDE's balance sheet, allowing for meaningful debt reduction, enhanced liquidity, and greater financial flexibility [3] - Sustained free cash flow at these levels could support further deleveraging, opportunistic growth investments, and enhanced shareholder returns [3] Group 3: Peer Comparison - Kinross Gold Corporation (KGC) reported attributable free cash flow of $769.4 million in Q4 2025, a 77% year-over-year increase, driven by stronger operating cash flow and a higher realized gold price of $4,144 [4] - IAMGOLD Corporation (IAG) achieved record mine-site free cash flow of $626.6 million in Q4 2025, a 701.3% year-over-year increase, supported by a higher realized gold price of $4,191 and strong operational performance [6][7] Group 4: Market Performance - CDE shares increased by 340.7% over the past year, outperforming the industry average rise of 85.3% [8] - CDE is currently trading at a forward 12-month price-to-sales ratio of 5.75X, above the industry average of 4.96X, and has a Value Score of D [11]

Company Overview - Coeur Mining, Inc. is a prominent player in the mining industry, focusing on the exploration and production of precious metals, particularly gold and silver [1] - The company operates several mines across North America and is committed to sustainable mining practices [1] Financial Performance - During the Q4 2025 earnings call, Coeur Mining provided insights into its financial performance and strategic direction, which are crucial for investors [3] - The stock price of Coeur Mining was $24.06, reflecting a recent increase of 6.51% or $1.47, indicating positive market sentiment following the earnings call [2] - The stock has fluctuated between a low of $22.51 and a high of $24.73, demonstrating market volatility [3] Market Position - Coeur Mining's market capitalization is approximately $15.45 billion, highlighting its significant presence in the mining sector [4][6] - The stock has experienced a wide range over the past year, with a high of $27.77 and a low of $4.58, presenting both opportunities and risks for investors [4] Analyst Insights - Canaccord Genuity set a price target of $26 for Coeur Mining, suggesting an anticipated price increase of approximately 8.06% from the current trading price [2][6] - The trading volume for Coeur Mining today is 29,596,421 shares, indicating active investor interest [5]

Unite Group ( UTGPF ) is a UK-listed REIT that is the largest provider of Purpose Built Student Accommodation (PBSA) in the country. Its shares have declined by around 29% in the last 12 months, and I believe that thisThe Stock Orchard is a former buy-side equity analyst and portfolio manager with over 15 years of US stock market investing experience. Picks are usually long-only with no style bias. Areas of particular interest are varied and include 'value with a catalyst', steady compounders and potential ...