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 will host a virtual Investor Day on December 15, 2022, at 9:00 a.m. Central Time. The executive team will discuss the Company’s strategy, performance, exploration plans, and outlook over approximately two hours. Attendees can register here. Presentation materials will be available on Coeur's website before the event. The Company operates four wholly-owned precious metals mines in North America and has diverse exploration interests. Cautionary statements regarding forward-looking information are included.
Coeur Mining, Inc. (NYSE: CDE) will have key executives participating in two major investment conferences on November 30, 2022. President and CEO Mitchell J. Krebs will represent the company at the Scotiabank Mining Conference, while Thomas S. Whelan, Senior VP and CFO, will attend the Bank of America Leveraged Finance Conference. Presentation materials will be available on Coeur's website, www.coeur.com. Coeur Mining is a diversified precious metals producer with operations in the U.S. and Mexico, focusing on growth.
Coeur Mining reported Q3 2022 revenue of $183 million and a GAAP net loss of $57 million or $0.21 per share, primarily due to lower silver prices affecting its Rochester operation with a $24 million LCM adjustment. The company reaffirmed its full-year production guidance, expecting gold output between 315,000 - 353,000 ounces and silver between 9.0 - 11.0 million ounces. Production results show 83,438 ounces of gold and 2.4 million ounces of silver. Recent strategic sale of southern Nevada holdings to AngloGold for $150 million enhances liquidity.
Coeur Mining (NYSE: CDE) has finalized the sale of its Crown Sterling assets to AngloGold Ashanti (NYSE: AU) for $150 million in cash, with an additional $50 million contingent on achieving resource milestones. The Crown Sterling holdings consist of approximately 35,500 acres in Nye County, Nevada, adjacent to AngloGold's gold projects. This transaction aligns with Coeur's strategy to divest non-core assets while focusing on high-return growth in North America, particularly through the Rochester mine expansion expected to complete mid-next year.
Coeur Mining, Inc. (NYSE: CDE) will release its Q3 2022 operational and financial results on November 9, 2022, after market close. A conference call to discuss the results will take place at 11:00 a.m. ET on November 10, 2022, hosted by CEO Mitchell J. Krebs and other management members. Replay options will be available until November 17, 2022. Coeur operates several gold and silver mines in North America, including the Palmarejo and Rochester mines.
Coeur Mining, Inc. (NYSE: CDE) has announced a definitive agreement to sell its Crown Sterling holdings to AngloGold Ashanti Limited (NYSE: AU) for a total cash consideration of
Coeur Mining (NYSE: CDE) will have its President and CEO, Mitchell J. Krebs, present at the Gold Forum Americas on September 19, 2022, at 4:50 p.m. Mountain Time in Colorado Springs, Colorado. This invitation-only investment conference is an opportunity for the company to share insights with investors. Presentation materials will be accessible on the company's website at www.coeur.com.
Coeur Mining is a leading U.S. precious metals producer with operations in Mexico, Nevada, Alaska, and South Dakota.
Coeur Mining reported Q2 2022 results, achieving revenue of $204 million, an 8% increase from Q1. Gold production rose by 23% at Kensington, while silver and gold at Rochester increased by 5% and 37%, respectively. The company reaffirmed its 2022 production guidance and updated cost projections due to inflation. The Rochester expansion remains on track for mid-2023 completion with total estimated costs of $600 million. Coeur also announced the sale of 5 million shares in Victoria Gold, generating $40 million in net cash.
Coeur Mining has appointed Jeane Hull to its Board of Directors effective July 19, 2022. Ms. Hull brings over 35 years of experience in mining operations, having held significant positions including COO at Rio Tinto's Kennecott Utah Copper Mine. She also serves on multiple boards and holds degrees in Civil Engineering and an MBA. The company aims to leverage her expertise, particularly as it approaches the completion of its Rochester expansion project in Nevada and advances its ESG initiatives.
Coeur Mining, Inc. (NYSE: CDE) will report Q2 2022 operational and financial results on August 3, 2022, after market close. A conference call is scheduled for August 4, 2022, at 11:00 a.m. ET, featuring CEO Mitchell J. Krebs and CFO Thomas S. Whelan. Investors can access the call via the phone numbers provided for the U.S. and Canada, as well as internationally. Replay options will be available until August 11, 2022. Coeur operates several precious metals mines across North America.
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