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 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.
Coeur Mining (NYSE: CDE) has announced its participation in the RBC Capital Markets Global Mining and Materials Conference on June 13, 2024. CEO Mitchell J. Krebs will represent the company at this invitation-only event. Presentation materials from Coeur will be accessible on their website.
Coeur Mining, Inc. will have its Senior VP and CFO, Thomas S. Whelan, and Senior VP and COO, Michael 'Mick' Routledge, participate in the Canaccord Global Metals & Mining Conference in La Quinta, California on May 9, 2024. The conference is an invitation-only event focusing on investments.
Coeur Mining, Inc. reported Q1 2024 financial results with revenue of $213 million and net loss of $29 million. The company achieved commercial production at Rochester, saw production increases, and published its 2023 ESG Report. EBITDA was $44 million with a 76% increase year-over-year.
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