Welcome to our dedicated page for Coeur Mng news (Ticker: CDE), a resource for investors and traders seeking the latest updates and insights on Coeur Mng stock.
Coeur Mining Inc (NYSE: CDE) provides investors and industry observers with essential updates through this centralized news resource. As a leading silver and gold producer with operations across North and South America, CDE's news coverage reflects its strategic position in the precious metals sector.
This page aggregates official press releases, operational updates, and strategic developments from Coeur Mining's diversified mining portfolio. Users can track critical information including production results, exploration progress, and corporate initiatives across key assets like the Palmarejo and Rochester mines.
Regular updates cover essential business activities without speculative commentary, including earnings announcements, sustainability efforts, and operational optimizations. The curated format enables efficient monitoring of CDE's performance in volatile commodity markets.
Bookmark this page for direct access to Coeur Mining's verified announcements, maintaining informed perspectives on one of the mining sector's most geographically diversified producers. Check back regularly for the latest developments impacting silver and gold production capabilities.
Coeur Mining, Inc. (NYSE: CDE) will report its first quarter 2021 operational and financial results after market close on April 28, 2021. A conference call with management, including CEO Mitchell J. Krebs, is scheduled for April 29, 2021, at 11:00 a.m. ET. Investors can listen to a replay until May 6, 2021.
Coeur operates five wholly-owned precious metals mines across North America, reaffirming its status as a diversified and growing producer in the industry.
Coeur Mining, a prominent U.S.-based precious metals producer, will have its CEO, Mitchell J. Krebs, participate in the NYSE Materials Investor Access Day on March 9, 2021. This exclusive, virtual conference will feature investment presentations available on the company's website at www.coeur.com. Coeur operates five mining sites, including the Palmarejo complex in Mexico and the Rochester mine in Nevada, and also has interests in various precious metals exploration projects across North America.
Coeur Mining announced the expiration of its cash tender offer for 5.875% senior notes due 2024, with valid tenders totaling $102,817,000, or 44.70% of total outstanding notes. The company will purchase all validly tendered notes and expects payment on March 1, 2021. Remaining notes will be redeemed at 102.938% of their principal amount. Goldman Sachs is the dealer manager for this transaction. The tender offer is part of a broader debt financing strategy, though results may vary due to unforeseen risks.
Coeur Mining, Inc. (NYSE: CDE) will participate in the 30th Annual BMO Capital Markets Global Metals & Mining Conference. President and CEO Mitchell J. Krebs and CFO Thomas S. Whelan will represent the company at this virtual, invitation-only event on March 2, 2021, at 3:30 p.m. CT. A virtual fireside chat featuring Krebs will also take place. Presentation materials will be accessible on the company's website, and the webcast can be viewed online. Coeur operates five owned mines across North America, focusing on precious metals production.
Coeur Mining announced the upsizing of its offering of senior notes to $375 million with a 5.125% interest rate, maturing in 2029. This was increased from a previously announced amount of $350 million. The funds will primarily be used to repurchase existing 2024 senior notes worth $230 million and cover associated costs. The offering is expected to close around March 1, 2021, pending customary conditions. The notes will not be registered under the Securities Act, implying restrictions on their transferability.
Coeur Mining, Inc. (NYSE: CDE) has initiated a cash tender offer to acquire any and all of its 5.875% Senior Notes due 2024, totaling $230 million. The Tender Offer, set to expire on February 26, 2021, offers $1,029.38 per $1,000 principal amount of Notes validly tendered. Holders will also receive accrued interest. The offer is contingent on the company securing sufficient financing. A notice of redemption will be issued for any outstanding Notes after the offer concludes. Goldman Sachs & Co. LLC is the dealer manager for this Tender Offer.
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.
