Coeur Mining completed its acquisition of New Gold in March 2026. Its consolidated gold costs were $2,442/oz. That figure included a non-cash accounting charge of $834/oz related to the deal’s inventory write-up. This suggests the mines may be more profitable than the headline cost figure indicates.
Coeur cut its 2026 gold production guidance to the low end of its 630–750 koz range because of underperformance at its Canadian mines. Operating costs at the Rainy River mine are expected to rise 10% in 2026. The increase is estimated at about $30 million, partly due to higher diesel prices. Despite these challenges, Coeur projects $2.3 billion in EBITDA for 2026.