Filing Flows › Coeur Mining (CDE) › Q3 2025
Coeur Mining (CDE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Coeur Mining (CDE) reported revenue of $555M for the third quarter 2025 (Q3 2025), +77% from a year earlier and +15% from the quarter before. Operating margin was 31.9%, net earnings $267M (48.1% of revenue).
Coeur Mining, Q3 2025: revenue $555M (+77% year over year), operating margin 31.9%, net earnings $267M, operating cash flow $238M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $555M | +15% | +77% |
| Operating profit | $177M | +26% | +110% |
| Net earnings | $267M | +277% | +447% |
| Operating cash flow | $238M | +15% | +114% |
| Free cash flow | $189M | +29% | +173% |
What changed
Revenue was $554.6M in Q3 2025, up 77% year over year and up 15% from the previous quarter. Gold was the largest line at 65% of revenue. Gold added $136.7M year over year (up 61%), 57% of the total change.
Operating profit was $177.1M, a 31.9% margin (up 5.0 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 27% margin then. Total costs grew 65% against revenue growth of 77%. The fastest-growing cost line was Other operating costs (+66%). Net earnings were $266.8M, up 447% year over year. The effective tax rate was -57.0%.
Operating cash flow was $237.7M (up 114% year over year), 89% of net earnings. Non-cash charges added back $72.9M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $107.1M. Capital expenditures of $49.0M left free cash flow of $188.7M.
Questions
What was Coeur Mining's revenue in the third quarter 2025?
Coeur Mining (CDE) reported revenue of $555M for the third quarter 2025 (Q3 2025), +77% from a year earlier and +15% from the quarter before.
Was Coeur Mining profitable in the third quarter 2025?
Operating profit was $177M (31.9% of revenue) and net earnings $267M.
Source: Coeur Mining 10-Q on SEC EDGAR.