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.
Overview
Coeur Mining Inc (NYSE: CDE) stands as a diversified U.S.-based precious metals miner specializing in silver production and gold mining. With a robust portfolio of assets across the Americas, the company has developed a reputation for its focused operations in extracting and processing high-value precious metals. Its business model leverages advanced mining techniques and strategic operational practices, ensuring a strong market presence underpinned by deep industry expertise.
Operations and Asset Portfolio
At the core of Coeur Mining’s operations is a series of wholly owned mines that extract silver and gold. The company operates several key mines including:
- Palmarejo Silver-Gold Mine in Mexico
- San Bartolomé Silver Mine in Bolivia
- Rochester Silver-Gold Mine in Nevada
- Kensington Gold Mine in Alaska
- Wharf Gold Mine in South Dakota
In addition to these primary operations, Coeur Mining holds non-operating interests and royalty positions in various projects across Australia, Chile, Ecuador, and New Zealand. The company further strengthens its asset base with feasibility stage projects and ongoing exploration activities in regions that include Alaska, Argentina, Bolivia, Mexico, and Nevada.
Strategic Acquisitions and Business Model
The company’s business strategy integrates organic growth with strategic acquisitions, optimizing the portfolio of high-quality assets. Coeur Mining generates revenue predominantly from the sale of the precious metals it extracts, leveraging economies of scale and proven operational efficiencies. Its robust balance sheet and integrated operational model reinforce its capacity to pursue further exploration and development opportunities.
Market Position and Competitive Landscape
Within the competitive framework of the global mining industry, Coeur Mining distinguishes itself through its diversified operations and commitment to consistent production standards in both silver and gold. By maintaining a geographically diverse portfolio, the company addresses market volatility associated with commodity pricing while safeguarding operational continuity. Its strategic investments and expertise in mining allow it to navigate industry challenges such as fluctuating market demands and regulatory environments.
Operational Expertise and Industry Impact
Coeur Mining is recognized for its thorough operational practices and disciplined approach to mining. Each asset in its portfolio benefits from tailored operational strategies based on local geological conditions and market dynamics. This combination of technical know-how, operational excellence, and systematic exploration contributes to the company’s enduring market significance.
Exploration and Development Initiatives
Beyond its established mining operations, Coeur Mining actively engages in exploration to identify new resource opportunities. This proactive approach in both developed and emerging mining regions underscores its commitment to sustaining long-term operational viability and diversifying its asset base. By exploring additional prospects and maintaining strategic investment positions in promising projects, the company reinforces its comprehensive approach to resource development.
Conclusion
In summary, Coeur Mining Inc exemplifies a well-rounded precious metals producer. Its extensive operations, strategic acquisitions, and ongoing exploration initiatives underscore its position as a significant player in the industry. With deep operational expertise and a commitment to leveraging advanced mining practices, Coeur Mining delivers an enduring and diversified approach to extracting value from the globe’s precious metal resources.
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.
Coeur Mining, Inc. (NYSE: CDE) has announced that it will release its third quarter 2024 operational and financial results after the New York Stock Exchange closes on Wednesday, November 6, 2024. The company will host a conference call on Thursday, November 7, 2024, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).
The call will be led by Mitchell J. Krebs, Chairman, President and CEO, joined by other key executives including Thomas S. Whelan (CFO), Michael Routledge (COO), and Aoife McGrath (SVP of Exploration). A replay of the call will be available through November 14, 2024.
Conference call details and replay numbers for U.S., Canada, and International participants are provided in the announcement.
Coeur Mining (NYSE: CDE) has announced its acquisition of SilverCrest Metals (TSX: SIL; NYSE American: SILV) to create a leading global silver company. The transaction, valued at approximately $1.7 billion, will see SilverCrest shareholders receive 1.6022 Coeur common shares for each SilverCrest share. This represents an 18% premium based on 20-day volume-weighted average prices.
Key highlights of the acquisition include:
- Creation of a leading global silver company with expected 2025 production of 21 million ounces of silver and 432,000 ounces of gold
- Addition of the high-grade, low-cost Las Chispas mine to Coeur's portfolio
- Expected generation of $700 million EBITDA and $350 million free cash flow in 2025
- Immediate 40% reduction in Coeur's leverage ratio upon closing
- Two SilverCrest directors, including CEO N. Eric Fier, to join Coeur's board
The transaction is expected to close in late Q1 2025, subject to shareholder and regulatory approvals.
Coeur Mining (NYSE: CDE) has announced the acquisition of SilverCrest Metals to create a leading global silver company. The transaction, valued at approximately $1.7 billion, will see SilverCrest shareholders receive 1.6022 Coeur common shares for each SilverCrest share. This represents an 18% premium based on 20-day volume-weighted average prices.
Key highlights of the acquisition include:
- Creation of a leading global silver company with expected 2025 production of 21 million ounces of silver and 432,000 ounces of gold
- Addition of the high-grade, low-cost Las Chispas mine to Coeur's portfolio
- Expected generation of $700 million EBITDA and $350 million free cash flow in 2025
- Immediate 40% reduction in Coeur's leverage ratio upon closing
- Addition of two SilverCrest directors to Coeur's board
The transaction is expected to close in late Q1 2025, subject to shareholder and regulatory approvals.
Coeur Mining (NYSE: CDE) has reported significant progress at its expanded Rochester silver-gold mine in Nevada. Key highlights include:
- Placement rates increased 39% in August to 2.7 million tons
- On track to place 7.0 – 8.0 million tons per quarter in H2 2024
- 2024 production guidance maintained at 4.8 – 6.6 million ounces of silver and 37,000 – 50,000 ounces of gold
- Particle size optimization efforts exceeding expectations, trending towards year-end target of 80% passing 5/8 inch
- Current average particle size distribution at 80% passing 3/4 inch
The company expects these improvements to be a key catalyst for generating positive free cash flow in H2 2024. Recent exploration success within the current mining footprint provides potential for higher-grade upside to the mine plan.
Coeur Mining (NYSE: CDE) has announced its participation in the Gold Forum Americas, an exclusive investment conference. The company's Chairman, President, and CEO, Mitchell J. Krebs, is scheduled to present on Monday, September 16, 2024, at 9:10 a.m. Mountain Time in Colorado Springs, Colorado.
This event provides Coeur Mining with a platform to showcase its operations and strategies to potential investors and industry professionals. The company has stated that presentation materials will be made available on their official website, www.coeur.com, allowing interested parties who cannot attend the conference to access the information.
Coeur Mining (NYSE: CDE) reported its second quarter 2024 financial results, with revenue hitting $222 million and a GAAP net income of $1 million. Adjusted EBITDA was $52 million, while the net loss from continuing operations stood at $3 million.
Key Achievements: The Rochester ramp-up hit throughput rates of over 88,000 tons/day. Both gold and silver production at Rochester rose by 39% QoQ. Average realized gold and silver prices increased by 11% and 10% respectively year-over-year.
Development Highlights: Exploration at Kensington is ongoing, targeting a reserve-based mine life of five years by year-end. The company completed the acquisition of concessions near Palmarejo for $25 million, unlocking significant potential. The hedging program concluded, leaving Coeur fully exposed to commodity prices going forward.
Despite strong performance in several areas, the company remains focused on improving cost management and achieving positive free cash flow in the latter half of 2024.
Coeur Mining has announced the successful completion of ramp-up activities at its Rochester silver and gold mine in Nevada. The mine now achieves a daily throughput rate of 88,000 tons, positioning it to significantly impact the company's financials in the second half of the year. The ramp-up marks a milestone, with 4.3 million tons of ore placed on the new Stage 6 leach pad in Q2, totaling 15.5 million tons. Despite lighter-than-planned crushing and placement rates, mining rates exceeded expectations.
Coeur forecasts throughput levels to reach approximately 32 million tons annually at full capacity, making Rochester one of the largest open pit heap leach operations globally and the largest domestic source of refined silver. The company will release its Q2 2024 operational and financial results on August 7, 2024, followed by a conference call on August 8, 2024.
Coeur Mining, a prominent player on the NYSE under the ticker CDE, has announced it will disclose its second quarter 2024 operational and financial outcomes post-market close on August 7, 2024. The company plans to hold a conference call on August 8, 2024, at 11:00 a.m. Eastern Time. Key executives, including Chairman and CEO Mitchell J. Krebs, CFO Thomas S. Whelan, COO Michael Routledge, and SVP of Exploration Aoife McGrath, will discuss the results. A replay of the call will be accessible until August 15, 2024. Dial-in details for the call and replay are provided for U.S., Canada, and International participants.
Coeur Mining reported positive exploration results at its Kensington gold mine in Alaska, showing promising expansions in both the Elmira and Kensington deposits. Notable drill intercepts include 10.4 feet at 1.00 ounces per ton (oz/t) gold in Elmira South and 29.6 feet at 0.41 oz/t gold in Lower Kensington. The discoveries indicate a potential mine life extension beyond five years. Elmira Main and South zones are now connected, with additional exploration drifts planned for Zone 50 in Lower Kensington by the end of 2024. CEO Mitchell J. Krebs highlighted the findings as a validation of the multi-year development program begun in mid-2022, aimed at increasing the mine’s operational flexibility and free cash flow generation.
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