Coeur Mining (CDE) Leverages Balance Sheet, Mine Expansion to Sustain Growth

Coeur Mining Inc. (NYSE:CDE) is one of the best precious metals stocks to buy now. On September 10, RBC Capital analyst Michael Siperco reiterated his positive view on the stock, assigning a Buy rating and a higher price target of $18, up from $13 previously.

Some days later, the company presented at the Mining Forum Americas 2025 in Colorado on September 15. The management highlighted that the company is entering late 2025 from a position of renewed strength, following years of heavy capital investment. They underpinned this, citing that the expansion of the Rochester mine in Nevada is complete and expected to boost output by more than 70% while lowering costs by over 20%.

The company has substantially improved its balance sheet over the last two years, with the leverage ratio (net debt to adjusted EBITDA) decreasing to 0.4x from 4.0x as of September 2023.

Management also noted that exploration at Palmarejo, Silvertip, and Kensington is expected to extend mine lives and add new reserves. The Wharf mine continues to generate strong free cash flow, while Rochester remains a key driver of margin expansion. The company has maintained its 2025 gold production guidance of 380,000 to 440,000 ounces.

Coeur Mining Inc. (NYSE:CDE) is a U.S.-based precious metals producer with operations in the United States, Mexico, and Canada.

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Disclosure: None. This article is originally published at Insider Monkey.