How Big Could Coeur Mining Stock’s Next Fall Be?

Coeur Mining (CDE) shares fell 22.4% in the month to October 19, 2026, while the S&P 500 gained 0.6%. No company news explains the drop, and peers Hecla Mining and First Majestic Silver each lost about 20% over the same month. So if the whole market turns, how far has Coeur fallen in past shocks, and how long did it take to come back?

Coeur Mining Has Fallen Much Further Than The Market

The deepest fall for Coeur during a market shock came in the 2008-2009 financial crisis, when the stock lost 93% compared with a 53% decline for the S&P 500. The stock has traded through 15 shocks since 2007, falling 41% on average. That drop is more than twice the 15.8% decline recorded by the S&P 500.

The recovery process has often taken months, and sometimes years. Across the 14 falls the stock has recovered from, Coeur took a median 3.8 months from the low to return to its pre-fall high. Three of those recoveries required more than a year to complete, with the longest stretching more than 11 years following the 2013 taper tantrum. The stock has never regained its March 2008 high, and the latest close remains 70.3% below that level.

Coeur Now Earns More And Holds Net Cash

Coeur more than doubled its revenue in a year, reaching $3.17 billion over the four quarters to June 30, 2026, up from $1.46 billion. Management said the record second quarter came largely from the first full quarter of the recently acquired New Afton and Rainy River operations.

The company also retains more of each sale as profit. Its operating margin over those four quarters climbed to 36.1% from 27.8% a year earlier. That result sits above the level recorded at 37 of the 40 quarter ends since 2016.

Coeur held $1.05 billion in cash and short-term investments at June 30, 2026, exceeding its $713 million of debt. A year earlier, the company carried more than three times as much debt as cash.

Management Has Cut Coeur Mining’s 2026 Production Forecasts

Coeur cut its 2026 gold production forecast in an August 5, 2026 release, lowering the figure by about 8% from the guidance it provided in May. The copper forecast fell further, dropping by about 22%. Management said on the August 6 call that it had recalibrated the guidance for its Canadian mines, New Afton and Rainy River.

Costs are rising as well. Management flagged about $30 million of added operating costs at Rainy River in 2026, about a 10% rise, for labor, rental equipment and maintenance, and pointed to signs of inflation in diesel costs. Coeur forecast about $2.3 billion in 2026 adjusted EBITDA, a measure of cash earnings, with gold at $4,000 an ounce. Realized gold and silver prices in the second quarter were already lower than in the first.

The ramp-up at New Afton is also behind plan. Management said in August that it expected the mine to reach its targeted 16 thousand tonnes per day early in the fourth quarter, rather than at the end of the second quarter as the original budget assumed. New Afton’s daily throughput is the figure to watch when Coeur reports third-quarter results, expected on or around November 4, 2026, and updates investors on its progress.

How To Act On CDE?

Not necessarily on Coeur Mining alone, if your goal is long-term wealth. Wealth is built by owning the companies that keep outperforming, the leaders of their industries, wherever they are. In Coeur Mining’s own industry, Iamgold stock rose 520% and OceanaGold stock rose 393% over the five years to October 2026, while Coeur Mining stock rose 145%.

Finding companies like these takes comparison across industries and sectors, and that is what the Trefis High Quality (HQ) Portfolio does. It holds 30 quality companies in equal weight and, since its inception in September 2020, has returned more than 105%, ahead of a benchmark that combines the S&P 500, S&P Mid-cap and Russell 2000. See how we find the leaders.

Spot an error or want more like this? Tell us in 10 seconds.