📝 Executive Summary
Coeur Mining (CDE) shares have retreated 10% from August highs, prompting questions about whether the current dip offers a buying opportunity. While the company posted record Q2 free cash flow of $388 million, management recently lowered 2026 free cash flow guidance to $1.5 billion due to production delays at its New Afton and Rainy River mines. Historical data suggests caution, as previous 20%+ drawdowns often led to further losses, though the current pullback remains shallower than historical precedents.