Coeur lifts 2026 production after New Gold deal closes
- •Hey everyone, Just read this article over on mining.com: Coeur lifts 2026 production after New Gold deal closes regarding Coeur's recent acquisition.
- •My dad keeps bugging me to "get into something tangible," and mining's always been his go-to.
- •This move to boost 2026 production projections by almost 80% is pretty significant, and the added copper exposure is a nice bonus.
Hey everyone,
Just read this article over on mining.com: Coeur lifts 2026 production after New Gold deal closes regarding Coeur's recent acquisition. This definitely caught my eye because I've had a small position in Coeur for a while now, mostly for the gold exposure to diversify my portfolio a bit, especially with all the market volatility lately. My dad keeps bugging me to "get into something tangible," and mining's always been his go-to. This move to boost 2026 production projections by almost 80% is pretty significant, and the added copper exposure is a nice bonus. I've been looking to dip my toes into copper anyway, given the EV revolution, so this might be a good way to get some indirect exposure without having to open a whole new position. It's also interesting to see them expand their Canadian footprint; seems like North American operations are always a bit more stable politically.
My initial take is that this could be a solid long-term play, especially if gold prices remain strong or even climb, and demand for copper continues its upward trend. For my retirement goals, I'm really trying to focus on companies with a clear path to production increases and diversified assets. This acquisition seems to tick those boxes. The increase in gold production is obviously the headline, but that copper piece is what really makes it stand out to me. It cushions them a bit if gold has a rough patch, and it aligns with broader industrial trends. I'm thinking of adding a bit more to my position once I do a deeper dive into the financials of the acquisition, especially the debt structure. Always gotta be careful not to overpay for growth.
What are your thoughts on this? Is anyone else holding Coeur, or looking at it now? Does this acquisition make you more or less bullish on them? Curious to hear if anyone has a different perspective or any red flags I might be missing here.