Coeur Mining (CDE) Is Up 8.8% After Major Palmarejo Exploration Push - Has The Bull Case Changed?

• Earlier this month, Coeur Mining announced its largest exploration campaign at the Palmarejo gold-silver complex since 2012, drilling about 68,000 meters across multiple vein systems and new targets that cover only a small fraction of its 300 km² land package.
• The company’s early success in expanding the Hidalgo Corridor, validating Independencia Sur, and making new discoveries at San Miguel, La Unión, and Camuchín points to meaningful mine life extension and additional resource potential outside existing gold streaming arrangements.
• We’ll now look at how this extensive Palmarejo exploration success may reshape Coeur Mining’s investment narrative built around diversified growth.

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Coeur Mining Investment Narrative Recap

To own Coeur Mining, you need to believe its diversified precious metals portfolio can translate district scale exploration success into durable production and cash flow, despite cost and jurisdictional headwinds. The Palmarejo results directly address the key near term catalyst of replacing and extending reserves, while also reducing, though not eliminating, the risk that mine lives fall faster than exploration can keep up.

Among recent developments, the US$7 billion all stock agreement to acquire New Gold stands out, since it could materially change Coeur’s size, asset mix, and capital needs just as it ramps Palmarejo exploration. How well the company balances integration costs, higher capital intensity, and the promise of mine life extensions will be central to how the Palmarejo story is reflected in future results.

Yet even with encouraging drilling and deal making, investors should be aware of...

Read the full narrative on Coeur Mining (it's free!)

Coeur Mining's narrative projects $2.1 billion revenue and $676.1 million earnings by 2028.

Uncover how Coeur Mining's forecasts yield a $20.86 fair value, a 21% upside to its current price.

Exploring Other Perspectives

Seven Simply Wall St Community fair value estimates span roughly US$2.62 to US$29.96 per share, showing just how far apart individual views can be. Against that wide range, Coeur’s intensive Palmarejo drilling program and its importance for replacing reserves give you a concrete catalyst to weigh when comparing these different perspectives on the company’s future.

Explore 7 other fair value estimates on Coeur Mining - why the stock might be worth less than half the current price!

Build Your Own Coeur Mining Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Coeur Mining research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Coeur Mining research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Coeur Mining's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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