Welcome to our dedicated page for Coeur Mining news (Ticker: CDE), a resource for investors and traders seeking the latest updates and insights on Coeur Mining stock.
Coeur Mining, Inc. (NYSE: CDE) stands as the largest U.S.-based silver producer and a notable gold producer, employing around 2,100 people. The company operates five principal precious metals mines across the Americas, contributing significantly to the mining sector.
Coeur Mining's portfolio includes the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota. These operations are fully owned and have been pivotal in cementing Coeur's reputation in the mining industry.
Additionally, Coeur Mining holds a non-operating interest in the Endeavor mine in Australia and enjoys royalties from the Cerro Bayo mine in Chile, the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. This diversified portfolio ensures a steady stream of revenue and reduces dependency on a single operation.
Coeur Mining is also advancing two silver-gold feasibility stage projects: the La Preciosa project in Mexico and the Joaquin project in Argentina. These projects are set to enhance the company's production capabilities and strengthen its presence in the precious metals market.
The company's exploration activities span across Alaska, Argentina, Bolivia, Mexico, and Nevada, reflecting its commitment to discovering new resources and expanding its reserves. Furthermore, Coeur holds strategic investment positions in several silver and gold development companies, underscoring its forward-looking investment strategy.
Financially, Coeur Mining generates most of its revenue from the sale of gold and silver. The company's continuous investments in exploration, coupled with its diverse asset portfolio, position it as a resilient player in the precious metals industry.
Coeur Mining announced its intention to offer $350 million of Senior Notes due 2029. The Notes will be fully guaranteed by subsidiaries and will be used primarily to repurchase up to $230 million of its 5.875% Senior Notes due 2024. This offering is subject to market conditions and will only be available to qualified institutional buyers in the U.S. under Rule 144A, and outside the U.S. under Regulation S. Coeur emphasizes that this announcement does not constitute an offer to sell securities.
Coeur Mining (CDE) reported strong Q4 and full-year 2020 results with revenues of $228.3 million and $785.5 million, respectively, reflecting year-over-year increases of 10%. The company achieved gold and silver production targets, producing 96,377 ounces of gold and 2.8 million ounces of silver in Q4. Coeur generated $49.4 million in free cash flow and maintained a healthy cash balance of $92.8 million. An expansion project at the Rochester mine is expected to solidify its position as a cornerstone asset, with an anticipated internal rate of return of 31%. Overall, operational performance was strong despite COVID-19 challenges.
Coeur Mining reported robust growth in its mineral reserves and resources for 2020, driven by successful exploration at its Rochester and Palmarejo properties. Year-over-year, gold reserves increased by 22%, while silver reserves surged 42%. Significant resource expansions were also noted at Silvertip, with silver, zinc, and lead resources up by approximately 50%. Drilling campaigns at the new C-Horst zone and ongoing programs in Kensington indicate potential for future growth. Proven and probable reserves include 3.1 million ounces of gold and 259.5 million ounces of silver, reflecting the company's strategic focus on resource expansion.
The Tahltan Nation and Coeur Silvertip Holdings Ltd. have signed a significant Impact-Benefit Agreement (IBA) for the Silvertip mine in northern British Columbia. This IBA aims to create a long-term partnership focused on socially and environmentally responsible mining, promoting employment and economic opportunities for the Tahltan people. Leaders from both sides express optimism about the collaboration, which includes commitments to environmental protection and shared benefits. The agreement is also viewed as a step towards resuming and expanding mining operations at Silvertip.
Coeur Mining, Inc. (NYSE: CDE) will report its fourth quarter and full-year 2020 operational and financial results on February 17, 2021, after market close. A conference call will follow on February 18, 2021, at 10:00 a.m. ET, featuring CEO Mitchell J. Krebs and CFO Thomas S. Whelan. Participants can access the call through designated numbers for the U.S., Canada, and internationally. The event will provide insights into the Company's precious metals operations across North America, including the recently completed quarters.
Coeur Mining announced the expansion of its Rochester silver-gold mine in Nevada, which promises significant reserve growth. The updated report shows an after-tax NAV5% of $634 million and an internal rate of return of 31%. The mine life is extended to 18 years, with average annual free cash flow of $104 million for the first decade post-expansion. Silver and gold reserves are projected to increase by 58% and 65%, respectively. Construction is underway, with major completion expected by late 2022.
Coeur Mining (NYSE: CDE) will host its 2020 Investor Day virtually on December 17, 2020, at 8:30 a.m. CT. The executive team will discuss the Company's strategy, performance, operations, and outlook. Interested participants can register for the event at this link. Presentation materials will be available before markets open on the same day, and a replay of the webcast will be accessible for one year. Coeur operates five mines across North America and has various exploration projects.
Coeur Mining, Inc. (CDE) executives will present at the RBC Capital Markets Global Mining and Materials Conference on November 16, 2020. CEO Mitchell J. Krebs will participate in a virtual fireside chat at 1:00 p.m. Central Time. This conference is invitation-only and focused on investment opportunities in the mining sector. Presentation materials will be available on Coeur's website. The company operates five mines across North America, producing precious metals, and maintains interests in various exploration projects.
Coeur Mining (NYSE: CDE) reported its third quarter 2020 financial results, showing a remarkable recovery with revenue of $229.7 million, a 49% increase year-over-year, and adjusted EBITDA more than doubling to $90.8 million. Gold and silver production surged by 23% and 58% respectively. The company generated $56.5 million in free cash flow and reduced total debt by $47.5 million.
Key highlights included strong operational performance at Palmarejo and Wharf, successful construction commencement at Rochester, and a robust exploration program.
Coeur Mining, Inc. (NYSE: CDE) will report its third quarter 2020 financial results on October 28, 2020, after market close. A conference call is scheduled for October 29, 2020, at 11:00 a.m. Eastern Time, led by CEO Mitchell J. Krebs and CFO Thomas S. Whelan. The call will address operational updates and financial performance, allowing investors to gain insights into the company’s progress and strategies. Replay of the call will be available until November 12, 2020.
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