CDE Q3 FY26 earnings call: key takeaways

• EPS of $0.11 beat the $0.10 consensus (18:06)
• The company reported strong financial results with increased production and cash flow, despite operational challenges. (10:19)

Results vs expectations

EPS basis: Unverified: provider EPS matches neither the SEC filing nor the press release

What changed since last quarter

• Guidance remains unchanged despite operational challenges (26:37)
• Fourth quarter production targets are still expected to be met (26:37)
• The company is maintaining its focus on capital return and integration. (23:31)

What analysts pressed on

• Concerns about the impact of sulfide ore on silver recovery rates (30:50)
• Questions about the ability to meet annual guidance given Q3 challenges (32:23)
• Uncertainty around the tax implications of the insurance payout (34:41)

In their words

• We ended the quarter with $1.2 billion of cash after returning nearly half of our quarterly free cash flow back to stockholders through $111 million of share repurchases Mitchell Krebs (10:19)
• We're focused on safely delivering the key drivers of our strong expected fourth quarter Mitch (24:22)
• We're on track for a record year, really the first year with this new expanded North American platform Mitchell Krebs (49:10)