Coeur Mining (CDE) Soares to New High on Earnings Goldmine

We recently published 10 Hot Stocks Making Winning Look Easy. Coeur Mining Inc. (NYSE:CDE) is one of the best-performing stocks on Thursday.

Shares of Coeur Mining rallied to a new record high on Thursday, extending a winning streak for a fourth consecutive day, after crushing the second quarter of the year with an impressive earnings performance.

During the session, Coeur Mining Inc. (NYSE:CDE) touched its highest 52-week price of $11.31 before slight selling shed gains to end the day just up by 14.05 percent at $11.28.

In an updated report, Coeur Mining Inc. (NYSE:CDE) saw its net income expand by 4,950 percent to $70.7 million from only $1.4 million in the same period last year. Consolidated revenues more than doubled to $480.7 million from $222 million in the same period last year, thanks to the 110 percent jump in gold sales and 132 percent from silver sales.

“Coeur’s record second quarter reflects strong contributions from all five of our North American gold and silver operations, including the first full quarter from the recently acquired Las Chispas mine,” said Coeur Mining Inc. (NYSE:CDE) Chairman, President and CEO Mitchell J. Krebs.

“Looking ahead to the second half of the year, we expect even higher gold and silver production levels consistent with our reaffirmed 2025 production and cost guidance. We remain uniquely positioned to leverage higher gold and silver prices, which are expected to lead to over $800 million of full-year 2025 adjusted EBITDA and over $400 million of full-year 2025 free cash flow,” he added.

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