Wharf Mine Life Nearly Doubles to 12 Years with Significant Reserve Increases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Should l Buy CDE?
Source: Newsfilter
- Wharf Reserve Growth: The Wharf mine's proven and probable gold reserves increased by 65% to 1.25 million ounces, nearly doubling its mine life to 12 years, which positions the operation for consistent, high-return gold production in the future.
- Strong Performance at Palmarejo: Proven and probable gold and silver reserves at Palmarejo increased by 36% and 40%, respectively, driven by exploration success at East Palmarejo, extending the mine life by approximately five years and enhancing the company's resource base.
- Stable Growth at Kensington: Kensington's proven and probable gold reserves rose by 9%, supported by years of underground development and drilling investments, ensuring replacement of depletion and a modest increase in the current five-year mine life, showcasing effective resource management.
- Optimistic Future Outlook: Coeur anticipates gold and silver prices to reach $2,500 and $30 per ounce by 2025, respectively, significantly up from 2024, which will further enhance the company's financial performance and shareholder value, solidifying its leadership position in the precious metals sector.
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Analyst Views on CDE
Wall Street analysts forecast CDE stock price to rise
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 21.810
Low
16.00
Averages
21.86
High
25.00
Current: 21.810
Low
16.00
Averages
21.86
High
25.00
About CDE
Coeur Mining, Inc. is a diversified precious metals producer. The Company has five wholly owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly owns the Silvertip polymetallic critical minerals exploration project in British Columbia. The Las Chispas Operation is located approximately 180 kilometers (km) northeast of Hermosillo, Sonora, Mexico. The Palmarejo complex consists of the Palmarejo processing facility, three underground mines, exploration targets and a campsite. The Rochester mine is an open pit, heap leach silver-gold operation, located in Pershing County, Nevada. The Kensington mine is an underground gold operation located in southeast Alaska. Wharf is an open pit, heap leach gold operation located in the northern Black Hills of western South Dakota.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement: Coeur Mining is set to release its Q4 earnings on February 18 after market close, with a consensus EPS estimate of $0.35, significantly up from $0.11 in Q4 2024, indicating improved profitability.
- Revenue Expectations: The revenue forecast for Q4 stands at $688.24 million, a substantial increase from $305 million in the same quarter last year, reflecting strong market demand and sales performance.
- Performance Beat Record: Over the past two years, Coeur Mining has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, showcasing the company's reliability in meeting market expectations and adaptability.
- Revision Trends: In the last three months, EPS estimates have seen three upward revisions with no downward adjustments, and revenue estimates have also been revised upward once, indicating growing analyst confidence in the company's future performance, which may further drive stock price appreciation.
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- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that boosts market confidence and drives stock prices higher.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
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- Performance Overview: Coeur Mining reported a Q4 non-GAAP EPS of $0.35, aligning with expectations, while revenue reached $674.7 million, marking a 121.2% year-over-year increase, yet fell short by $13.54 million, indicating market challenges despite strong growth.
- Future Production Outlook: The company anticipates gold and silver production to range from 390,000 to 460,000 ounces and 18.2 to 21.3 million ounces by 2026, respectively, driven by continued growth at Rochester and a full year of production at Las Chispas, highlighting strategic success in resource development.
- Merger Transaction Impact: Upon closing the merger with New Gold, Coeur plans to issue guidance that includes the New Afton and Rainy River mines, further enhancing its competitive position in the North American market, demonstrating the company's commitment to business expansion.
- Stock Price Reaction: Coeur Mining's shares rose by 1.02% in after-hours trading, reflecting a positive market response to the company's performance and future growth potential, which may attract more investor interest in its long-term development.
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- Record Quarterly Revenue: Coeur Mining achieved a record revenue of $675 million in Q4 2025, up 21.6% from $555 million in the same period last year, demonstrating the company's strong financial performance driven by rising gold and silver prices and robust production, solidifying its leadership in the precious metals market.
- Significant Annual Net Income Growth: The company reported a net income of $586 million for the full year 2025, with earnings per share of $0.95, a substantial increase from $59 million and $0.15 in 2024, reflecting successful cost management and production efficiency, thereby enhancing investor confidence.
- Strong Free Cash Flow: Coeur generated $313 million in free cash flow in Q4, totaling $665 million for the year, showcasing exceptional performance in operating cash flow and capital expenditure management, providing ample funding for future expansion and investments.
- Acquisition Brings New Opportunities: Coeur plans to complete its acquisition of New Gold in the first half of 2026, expected to add approximately $3 billion in EBITDA and $2 billion in free cash flow, further enhancing its competitiveness in the North American precious metals market, marking a significant advancement in the company's strategic positioning.
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- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, surpassing expectations of 0.3%, indicating a rebound in capital spending and boosting market confidence in economic recovery.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly exceeding expectations of 1.304 million, suggesting a revival in the real estate market that could drive growth in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which indicates a recovery momentum in manufacturing that may further propel economic growth.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, which will further boost market sentiment and attract investor interest.
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- Significant Gold Reserves: Coeur Mining's update reveals 4.4 million ounces of gold reserves as of year-end 2025, valued at $22.1 billion based on current prices of $5,020 per ounce, which is 49% higher than the company's market cap, highlighting the asset's strong potential.
- Stable Silver Reserves: The company holds 274.4 million ounces of proven and probable silver reserves, and despite an 18% and 14% year-over-year decline in measured and indicated gold and silver resources, it still maintains a solid position in the precious metals market.
- Diverse Mineral Resources: Coeur also reports 1,234 million pounds of zinc and 685.5 million pounds of lead in measured and indicated reserves, which, while less attractive to investors, still provide a diversified resource base for the company.
- Optimistic Profit Outlook: With gold prices expected to remain above $2,200 per ounce and silver above $26, Coeur's reserve estimates are likely to hold, and the stock trading below 12 times earnings indicates its investment value.
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