Coeur Mining, Inc. (NYSE:CDE) is one of the top stocks to buy as gold rallies. On October 7, the company presented a case for its strategic turnaround at the John Tumazos Very Independent Research Virtual Metals Conference 2025. The company detailed a financial turnaround in 2024 and 2025, highlighting a projected EBITDA surge from $142 million in 2023 to over $900 million in 2024. Free cash flow improved from negative territory (-$297 million) in 2023 to a projected $500 million-plus for 2024. Q2 2024 free cash flow was approximately $150 million, and the net leverage (net debt/EBITDA) ratio is expected to reach zero by year-end FY2024.
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Production is also robust. The company stated that gold production increased by about 20% year over year, while silver production rose by over 60%. The major drivers behind this growth were the Rochester mine expansion – a large heap leach silver/gold operation in Nevada – and the acquisition of SilverCrest Metals (Sonora, Mexico).
Coeur also fully repaid its revolving credit balance in Q2 2025. Also, initial share repurchases began as part of a new $75 million buyback program, and cash and cash equivalents grew to $111.6 million as of August 2025.
Coeur Mining, Inc. explores, develops, and operates precious metals mines across North America. Its core assets include the Palmarejo silver-gold complex in Mexico, the Rochester silver-gold mine in Nevada, and the Kensington gold mine in Alaska. The company also holds interests in development-stage projects such as Silvertip in British Columbia. Its main offerings are silver and gold bullion.
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This article is originally published at Insider Monkey.
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