Coeur Mining, Inc. - CDE STOCK NEWS

Coeur Mining (NYSE: CDE) announces that its CFO, Thomas S. Whelan, will participate in the RBC Capital Markets Global Mining and Materials Conference on June 9, 2022. This invitation-only event is focused on investment opportunities in the mining sector. Presentation materials will be accessible on the company’s website at www.coeur.com. Coeur Mining operates four key precious metals mines in North America, including locations in Mexico, Nevada, Alaska, and South Dakota.

Coeur Mining, Inc. (NYSE: CDE) will have its executives participating in two major investment conferences. The Senior Vice President and Chief Financial Officer, Thomas S. Whelan, along with Senior Vice President and Chief Operating Officer, Michael “Mick” Routledge, will attend the Canaccord Global Metals & Mining Conference in Palm Desert, California, on May 16, 2022. Additionally, President and CEO, Mitchell J. Krebs, will join the Bank of America Global Metals, Mining & Steel Conference in Miami, Florida, on May 18, 2022. Presentation materials will be accessible on Coeur's website.

Coeur Mining reported Q1 2022 results with revenues of $188 million, a decrease from $208 million in Q4 2021. The company confirmed its full-year guidance, expecting gold production between 315,000 - 353,000 ounces and silver 9,000 - 11,000 ounces. Despite a $6 million cash flow deficit from operations, production remained in line due to strong performances at Palmarejo and Wharf. Enhancements in liquidity included a $90 million expansion of its revolving credit facility and a $100 million equity offering. The Rochester expansion is on track, with 80% of the budget committed.

Coeur Mining, Inc. (NYSE: CDE) has completed three key initiatives aimed at strengthening its liquidity and enhancing balance sheet flexibility as it progresses with the expansion of its Rochester silver and gold operation in Nevada. The initiatives include:

• Increased gold hedging: Covers 70% of 2022 and 38% of 2023 expected gold production at average prices of $1,955 and $1,982 per ounce, respectively.
• Expanded revolving credit facility: Increased borrowing capacity from $300 million to $390 million.
• Completed $100 million ATM equity offering: Sold 22 million shares at an average price of $4.53.

Coeur Mining has announced a $40 million investment in exploration for its Silvertip, Kensington, and Palmarejo mines. Over the last five years, the company invested $240 million, resulting in significant reserve and resource growth. Key discoveries at the Silvertip mine include the high-grade Camp Creek West zone, showing promising assay results, while Kensington continues to reveal high-grade gold deposits. Results from the Palmarejo mine highlight further growth potential. These developments reflect Coeur's commitment to enhancing its portfolio through strategic exploration.

Coeur Mining, Inc. (NYSE: CDE) has announced it will report its Q1 2022 operational and financial results on May 4, 2022, after market close. A conference call is scheduled for May 5, 2022, at 11:00 a.m. ET, featuring CEO Mitchell J. Krebs and other executives. A replay will be available until May 12, 2022. Coeur operates five owned locations in the U.S. and Mexico, focusing on precious metals production.

Coeur Mining, Inc. has successfully completed the sale of its La Preciosa silver project in Durango, Mexico, to Avino Silver & Gold Mines Ltd. The deal includes various components: $15.3 million in cash, a $5 million promissory note, equity consideration of 14 million units, deferred cash of approximately $8.8 million, and contingent payments of $0.25 per silver equivalent ounce, capped at $50 million. The transaction aligns with Coeur's strategy to divest non-core assets and focus on high-return projects, including the Rochester POA 11 expansion in Nevada, expected by mid-2024.

Coeur Mining, Inc. (NYSE: CDE) announces the appointment of Aoife McGrath as Senior Vice President of Exploration, effective next month. She takes over from Hans Rasmussen, who is set to retire after a successful tenure. McGrath brings over 20 years of experience in exploration, having previously served as Vice President of Exploration for Barrick Gold Corp.. CEO Mitchell J. Krebs emphasizes her leadership in global exploration projects, aligning with Coeur's strategy for precious metals assets. The appointment aims to enhance exploration initiatives amid a promising project pipeline.