On August 28, Coeur Mining fell 5.09% in regular trading, trading at $21.04/share, with turnover of $237 million.

On the news front, spot gold broke below the $4,600/oz level and remained under sustained pressure after the US July core PCE came in at +3.3% YoY, in line with expectations. The data reinforced market expectations for a Federal Reserve rate hike next month, triggering broad-based selling across the precious metals sector. Within the Gold sector, Barrick Mining fell 3.29%, Agnico Eagle Mines fell 3.8%, Newmont Mining fell 3.17%, Pan American Silver fell 3.55%, and Wheaton Precious Metals fell 3.03%, reflecting sector-wide weakness.

Coeur Mining recently reported Q2 adjusted EPS of $0.12, significantly missing the analyst consensus estimate of $0.32, while revenue of $1.09 billion also fell short of the $1.286 billion expected. The company disclosed a full-year outlook targeting gold production of 690,000 ounces, silver production of 20 million ounces, copper production of 45 million pounds, and adjusted EBITDA of $2.3 billion.

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