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 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, 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.
Coeur Mining, Inc. will be represented by President and CEO Mitchell J. Krebs at the 31st Annual BMO Capital Markets Global Metals & Mining Conference in Hollywood, Florida, on March 1, 2022, at 8:30 a.m. CT. This invitation-only event will provide investors insights into the company's operations and strategies. Presentation materials will be accessible on Coeur's website, and the webcast can be viewed here. Coeur operates multiple precious metals mines across North America.
Coeur Mining reported year-end 2021 reserves of 3.1 million ounces of gold and 238.2 million ounces of silver, reflecting stable gold reserves but a decrease in silver due to higher cut-off grades. Measured and indicated resources increased significantly by double digits across all metals, with notable growth at Palmarejo, Silvertip, and Kensington. The company has invested $240 million in exploration over five years, with a focus on resource expansion and infill drilling, planning an additional $40 million investment in 2022.
Coeur Mining reported its fourth quarter financial results, revealing revenues of $208 million and a net loss of $11 million, attributed in part to an $8 million non-cash loss on equity investments. The company’s full-year revenue reached $833 million, marking a 6% increase from the previous year. Gold and silver production for 2021 totaled 348,529 ounces and 10.1 million ounces, respectively. The company plans to sustain its growth strategy with significant investments in exploration and expansion projects, including the $520 million Rochester expansion, set to complete mid-2023.
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