Operator

Good day, and welcome to the Coeur Mining's First Quarter 2026 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mitchell Krebs, Chairman, President and CEO. Please go ahead.

Mitchell J. Krebs
President, CEO & Chairman

Hello, everyone, and thanks for joining our call to discuss Coeur's first quarter results. I'll kick off with some highlights from the quarter, followed by an update on several key strategic priorities in the wake of the recently completed New Gold transaction.

I'll then turn it over to Tom for a recap of our first quarter results before opening it up for questions with the team who's here with me. Before we start, please note our cautionary language regarding forward-looking statements and refer to our SEC filings on our website.

The highlights on Slide 4 showcase our strong start despite the first quarter being the softest quarter of the year. Our record results also reflect just 11 days of contributions from the recently acquired New Afton and Rainy River mines. First quarter silver and gold production increased 18% and 11% year-over-year, respectively, driving quarterly revenue to a record $856 million. EBITDA increased 12% versus the fourth quarter and nearly fourfold year-over-year to a record $475 million.

We generated a very strong $267