$CDE

Major miners face skilled labor shortages, threatening delays and cost overruns on $2.2T capital spending from 2025-2035, per McKinsey. Newmont's Peter Toth and Coeur Mining's Mitch Krebs highlight execution challenges. McKinsey forecasts $3.6T revenue for global metals/mining firms in 2026, with 33% EBITDA margins. Copper and gold lead projected capital requirements, with Latin America and North America as key regions.

Coeur Mining (CDE) stock fell 5.7% on September 23. The company reported record revenue and free cash flow of $388 million in Q2 2026, driven by newly acquired mines New Afton and Rainy River. Management expects $1.5 billion in free cash flow for 2026, but both mines are running behind production plans. Coeur's P/E ratio is 23.4, slightly above the S&P 500's 22.4. The stock previously fell 49% during the 2022 inflation shock.

Coeur Mining (CDE) announced exploration updates for its New Afton and Rainy River operations in Canada, with plans to invest $158M in 2026. At New Afton, exploration at the K-Zone deposit confirmed mineralization and extended it by 300 meters. At Rainy River, underground and surface drilling showed potential for resource expansion. Coeur aims to extend mine life and create long-term value at both operations.

Coeur Mining (CDE) has dropped 10% from its August high, with historical data showing a median 13% loss a year after larger dips. The company reports record cash flow and revenue growth but faces delays in mine ramp-ups. CDE trades at 24x earnings, and investors await Q3 2026 results for clarity.

Several sectors, including asset managers, semiconductor stocks, and silver miners, experienced significant declines following Fed Chair Kevin Warsh's press conference. ON Semiconductor (NASDAQ:ON) led the drop, falling 6%, while Boeing (NYSE:BA) weighed on the Dow. Economists are divided on future rate hikes, with some expecting more hikes and others predicting easing next year.

Top silver miners, including CDE, AG, and HL, hold $4.2B in net cash, more than double the 2011 peak. Higher silver prices erased sector debt, enabling dividends and buybacks. HL, CDE, and AG reported significant cash increases, with varying stock performances.

Analysts updated recommendations for several companies: Raymond James upgraded Casey's General Stores to outperform with a $750 target, Evercore ISI downgraded Chewy to market perform with a $25 target, JP Morgan upgraded Meta Platforms to overweight with an $820 target, and others.

Coeur Mining (NYSE:CDE) shares fell 1.6% to $20.45 as silver prices dropped 2.9%, pressuring its $1.5B cash-flow target. Gold futures also declined 2.1%. Q2 revenue rose 126% to $1.086B, with free cash flow up 165% to $388M. Management projects 2026 gold and silver prices above current futures, targeting $1.5B free cash flow and $2.3B EBITDA.

Federal Reserve Chair Kevin Warsh's hawkish remarks on inflation caused a sharp decline in precious metals mining stocks. First Majestic Silver (AG) led the drop, falling 5.09%, while other miners like AngloGold Ashanti (AU) and Barrick Mining (B) also saw significant decreases. Warsh's comments pushed up interest-rate expectations, increasing the opportunity cost of holding non-yielding assets like gold and silver.

Gold prices fell 1% to $4,649.10/oz after a hotter-than-expected US inflation report, retreating from a three-month high. Spot gold is still up 14% in August. Silver also declined. The Fed's preferred inflation gauge, PCE, rose 3.7% YoY in July, above forecasts. Investors await Fed Chair Warsh's speech at Jackson Hole for further rate guidance. Gold's recent rally was driven by US Treasury bond market intervention and ETF inflows. Miners like Agnico Eagle and AngloGold have seen significant gain