Las Chispas and $42 Silver Drive Coeur Mining’s Stunning 125% Share Price Rally

Silver hits $42 and Coeur Mining is surging. After years of heavy investment, Coeur Mining (NYSE: CDE) is now reaping the rewards. In this exclusive Kitco Mining interview, CEO Mitch Krebs breaks down how the acquisition of SilverCrest’s Las Chispas mine is transforming the company’s bottom line—and why the silver bull market is just getting started.

Speaking with Kitco’s Jeremy Szafron at Mining Forum Americas 2025, Krebs reveals that Coeur’s EBITDA is set to jump from $142 million in 2023 to over $900 million in 2025. Free cash flow is projected to swing from negative $300 million to over $500 million—an astonishing turnaround. With Las Chispas online, the Rochester expansion in Nevada ramping, and Alaska’s Kensington mine delivering, Coeur expects to be net cash positive by year-end.

Krebs says the silver breakout is no fluke. With five straight years of market deficits, skyrocketing industrial demand from electrification and AI data centers, and investors piling back into physical, silver fundamentals have never looked stronger. He also explains why this rally is different from past false starts—and how Coeur is positioned for another major growth year in 2026.

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