Kitco MINING

Coeur Mining’s 125% Stock Surge Backed by Las Chispas and $42 Silver

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Coeur Mining (NYSE: CDE) President and CEO Mitch Krebs says years of heavy investment are now paying off as higher metals prices converge with the company’s acquisition of SilverCrest and its Las Chispas mine in Mexico. Speaking to Kitco Mining at Mining Forum Americas 2025, he said, “It’s just really rewarding to see and to see people high-fiving and backslapping and congratulating and getting some wins after what’s been a tough few years.”

Krebs noted silver has moved above $42 per ounce on the back of stronger supply-demand fundamentals and renewed investor interest. “Now we finally have both, and I think that’s what’s really kind of at a basic level, what’s propelling silver,” he said, pointing to five consecutive years of market deficits and expanding industrial demand from electrification and data centers.

Coeur’s turnaround is reflected in its financials. EBITDA is set to jump from $142 million in 2023 to more than $900 million in 2025, while free cash flow swings from negative $300 million to over $500 million. The company expects to be net cash positive by year-end.

Key catalysts include the full contribution of Las Chispas, the ramp-up of the $730 million Rochester expansion in Nevada, and stronger output from Kensington in Alaska. Krebs said these drivers position Coeur for another year of organic growth in 2026.

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