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About Coeur Mining, Inc. (CDE)
Coeur Mining, Inc. is a U.S.-based precious metals mining company that stands out as one of the largest domestic silver producers and a significant gold producer. Headquartered in Chicago, Illinois, Coeur operates a diversified portfolio of wholly owned mining operations, exploration projects, and strategic investments across the Americas. The company employs approximately 2,100 people and is dedicated to the discovery, extraction, and sale of silver and gold, which are critical resources for industries ranging from renewable energy to jewelry and investment markets.
Core Operations and Assets
Coeur Mining's operational portfolio includes five primary mining sites:
- Palmarejo Mine (Mexico): A silver-gold operation that integrates underground mining with a processing facility.
- Rochester Mine (Nevada, USA): A silver-gold mine leveraging heap leach processing technology, recently expanded to enhance production capacity.
- Kensington Mine (Alaska, USA): A gold-focused underground mine known for its high-grade deposits.
- Wharf Mine (South Dakota, USA): An open-pit gold mining operation.
- San Bartolomé Mine (Bolivia): A silver-focused operation situated in one of the world's most prolific silver-producing regions.
In addition to its operating mines, Coeur holds non-operating interests and royalties in various projects, including the Endeavor Mine in Australia and the Cerro Bayo Mine in Chile. These investments provide additional revenue streams and exposure to global mining opportunities.
Exploration and Development Projects
Coeur Mining actively invests in exploration to ensure a sustainable pipeline of future projects. Its key feasibility-stage projects include:
- La Preciosa Project (Mexico): A silver-gold deposit with significant potential for future production.
- Joaquin Project (Argentina): Another promising silver-gold asset under development.
The company also conducts exploration activities in Alaska, Nevada, Mexico, Bolivia, and Argentina, focusing on high-potential areas to expand its resource base and enhance long-term value.
Strategic Initiatives and Industry Position
Coeur Mining's strategy emphasizes operational efficiency, resource expansion, and strategic acquisitions. A notable example is its acquisition of SilverCrest Metals, which adds the high-quality Las Chispas silver-gold mine in Mexico to its portfolio. This move strengthens Coeur's position as a leading global silver producer and aligns with the growing demand for silver in renewable energy and electrification technologies.
The company's focus on silver and gold positions it uniquely in the mining industry, particularly as silver gains prominence due to its applications in solar panels, electric vehicles, and other green technologies. Coeur's U.S.-based operations provide a strategic advantage, offering stability and proximity to key markets.
Challenges and Opportunities
Like all mining companies, Coeur faces challenges such as fluctuating commodity prices, regulatory complexities, and operational risks. However, its diversified asset base, ongoing exploration efforts, and strategic investments mitigate these risks and position the company for sustainable growth. The increasing demand for silver in renewable energy and industrial applications presents a significant growth opportunity for Coeur Mining.
Commitment to Sustainability
Coeur Mining is committed to responsible mining practices, prioritizing environmental stewardship, community engagement, and employee safety. The company integrates sustainability into its operations, aiming to minimize its environmental footprint while contributing positively to the communities where it operates.
Conclusion
Coeur Mining, Inc. is a well-diversified precious metals producer with a strong presence in the Americas. Its balanced approach to current production, exploration, and strategic acquisitions positions it as a key player in the silver and gold markets. With a focus on operational efficiency, sustainability, and resource expansion, Coeur is poised to meet the growing global demand for precious metals while delivering long-term value to its stakeholders.
Coeur Mining (NYSE: CDE) has announced its participation in the upcoming BMO Capital Markets Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida. Mitchell J. Krebs, the Company's Chairman, President and Chief Executive Officer, will deliver a presentation on Tuesday, February 25, 2025, at 7:00 a.m. Central Time (8:00 a.m. Eastern Time).
The conference is an invitation-only investment event. Interested parties can access the presentation materials through Coeur's website at www.coeur.com, and a webcast of the presentation will be available via https://app.webinar.net/86xaZmaZJXB.
Coeur Mining (NYSE: CDE) reported strong Q4 and full-year 2024 results, with Q4 revenue of $305M and operating cash flow of $64M. The company achieved GAAP net income of $38M ($0.08/share) in Q4 and $59M ($0.15/share) for the full year.
Full-year 2024 production reached 341,582 ounces of gold and 11.4M ounces of silver, representing year-over-year increases of 8% and 11%. The company generated positive free cash flow of $16M in Q4, bringing total second-half free cash flow to $85M.
Notable achievements include the completion of the $1.58B SilverCrest acquisition on February 14, 2025, debt reduction of $80M since mid-year, and strong performance at Rochester with Q4 production increases of 34% for silver and 63% for gold. The company provided robust 2025 guidance, projecting 20% and 62% year-over-year increases in gold and silver production.
Coeur Mining (NYSE: CDE) reported its 2024 year-end mineral reserves and resources, showing significant growth across multiple operations. The company's proven and probable mineral reserves totaled 3.6 million ounces of gold and 270.5 million ounces of silver, with Kensington achieving a 22% year-over-year increase in gold reserves.
Key highlights include Wharf's gold measured and indicated mineral resources more than doubling, Kensington's mine life extending to five years, and Palmarejo showing strong resource expansion for the second consecutive year. The company's gold and silver mineral reserves have increased 40% and 48% respectively over the past five years, net of depletion.
The company updated its price assumptions for year-end 2024 reserves to $1,800 per ounce for gold and $23.50 per ounce for silver, with Kensington using $2,000 per ounce. Resource price assumptions were increased to $2,100 per ounce for gold and $27.00 per ounce for silver, with Kensington at $2,300 per ounce.
Coeur Mining (NYSE: CDE) has completed its acquisition of SilverCrest Metals according to the previously announced agreement from October 4, 2024. Under the transaction terms, SilverCrest shareholders received 1.6022 Coeur common shares for each SilverCrest share, with Coeur issuing a total of 239,331,799 shares.
The company plans to provide additional information about the transaction's expected benefits, including 2025 production and cost guidance, during its fourth quarter and full-year 2024 results announcement, scheduled for February 19, 2025, after NYSE trading hours. BMO Capital Markets and Goldman Sachs & Co. served as financial advisors, while Goodmans LLP and Gibson, Dunn & Crutcher LLP acted as legal advisors to Coeur.
Coeur Mining (NYSE: CDE) has announced its upcoming fourth quarter and full-year 2024 earnings release and conference call schedule. The company will release its operational and financial results after the NYSE closing on Wednesday, February 19, 2025.
A conference call will follow on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). The call will be led by Chairman, President and CEO Mitchell J. Krebs, alongside other senior management members including CFO Thomas S. Whelan, COO Michael Routledge, and SVP of Exploration Aoife McGrath.
A replay of the call will be available through February 27, 2025, accessible via various dial-in numbers for U.S., Canadian, and international participants.
Coeur Mining (NYSE: CDE) has announced its participation in the upcoming TD Securities Global Mining Conference scheduled for Thursday, January 16, 2025. The company's Senior Vice President and Chief Financial Officer, Thomas S. Whelan, will represent Coeur at this invitation-only investment conference. The company has confirmed that presentation materials from the conference will be accessible to the public through their official website at www.coeur.com.
Coeur Mining (NYSE: CDE) announced initial results from its 2024 exploration program at the Silvertip polymetallic project in British Columbia. The $12 million program, comprising 48 holes and over 68,000 feet of drilling, successfully doubled the Southern Silver Zone's strike length to over 2,000 meters.
Key achievements include: (1) extending the Southern Silver Zone by 1,150 feet and Saddle Zone by 280 feet along strike, (2) confirming mineralization up to 1,000 meters from the 2023 resource boundary through step-out drilling, and (3) identifying three new high-priority district targets through extensive geophysical surveys covering 37,000 hectares.
Notable drill results include intersections of up to 23.17 oz/t silver, 14.62% lead, and 12.32% zinc. The company secured an additional option from CMC Metals for 10,000 hectares adjacent to Silvertip.
Coeur Mining (NYSE: CDE) has announced its participation in two upcoming invitation-only investment conferences. Thomas S. Whelan, Senior Vice President and Chief Financial Officer, will attend the Bank of America Leveraged Finance Conference on December 3, 2024. The following day, Mitchell J. Krebs, Chairman, President and Chief Executive Officer, will participate in the Scotiabank Mining Conference. Presentation materials from both events will be accessible on Coeur's website at www.coeur.com.
Coeur Mining (NYSE: CDE) announced its participation in the upcoming RBC Capital Markets Precious Metals Conference in London. The company's Chairman, President and CEO, Mitchell J. Krebs, will attend this invitation-only investment event scheduled for Tuesday, November 12, 2024. Presentation materials from the conference will be accessible on Coeur's website at www.coeur.com.
Coeur Mining reported strong Q3 2024 results with net income of $49 million and revenue of $313 million. The company achieved significant production increases with gold production up 21% to 94,993 ounces and silver production up 15% to 3.0 million ounces. Operating cash flow reached $111 million, while free cash flow was $69 million. The Rochester operation showed improvement with 7.1 million tons placed under leach. The company announced plans to acquire SilverCrest in a $1.7 billion all-stock transaction expected to close in Q1 2025. Coeur reduced its revolving credit facility by $50 million to $225 million, improving its net debt to EBITDA ratio to below 2.0x.
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