Filing Flows › Coeur Mining (CDE) › Q2 2025
Coeur Mining (CDE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Coeur Mining (CDE) reported revenue of $481M for the second quarter 2025 (Q2 2025), +116% from a year earlier and +33% from the quarter before. Operating margin was 29.1%, net earnings $70.7M (14.7% of revenue).
Coeur Mining, Q2 2025: revenue $481M (+116% year over year), operating margin 29.1%, net earnings $70.7M, operating cash flow $207M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $481M | +33% | +116% |
| Operating profit | $140M | +125% | +740% |
| Net earnings | $70.7M | +112% | 50× |
| Operating cash flow | $207M | +206% | 14× |
| Free cash flow | $146M | +729% | — |
What changed
Revenue was $480.6M in Q2 2025, up 116% year over year and up 33% from the previous quarter. Gold was the largest line at 67% of revenue. Gold added $169.0M year over year (up 110%), 65% of the total change.
Operating profit was $140.1M, a 29.1% margin (up 21.6 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 8% margin then. Total costs grew 66% against revenue growth of 116%. The fastest-growing cost line was Other operating costs (+69%). Net earnings were $70.7M, up 4860% year over year. The effective tax rate was 47.0%.
Operating cash flow was $207.0M (up 1257% year over year), 293% of net earnings. Non-cash charges added back $61.4M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $70.6M. Capital expenditures of $60.8M left free cash flow of $146.1M.
Questions
What was Coeur Mining's revenue in the second quarter 2025?
Coeur Mining (CDE) reported revenue of $481M for the second quarter 2025 (Q2 2025), +116% from a year earlier and +33% from the quarter before.
Was Coeur Mining profitable in the second quarter 2025?
Operating profit was $140M (29.1% of revenue) and net earnings $70.7M.
Source: Coeur Mining 10-Q on SEC EDGAR.