Financial Data and Key Metrics Changes - The company reported a strong quarter with significant increases in quarterly revenue, adjusted EBITDA, net income, and free cash flow, driven by production increases and higher metal prices [4][19] - Free cash flow reached $69 million and adjusted EBITDA was $126 million for the third quarter, reflecting a 15% increase in metal prices and a 12% decrease in operating costs per ounce [19][20] - The net debt-to-EBITDA ratio fell below 2x for the first time in three years, with a $50 million reduction in the revolving credit facility, bringing it to $225 million drawn at quarter end [20][21] Business Line Data and Key Metrics Changes - Rochester achieved a 20% increase in both silver and gold production compared to the prior quarter, with significant progress in reducing per ton costs [10][11] - Palmarejo saw an 8% increase in gold production and a 14% increase in silver production compared to the second quarter, contributing to strong free cash flow [12] - Kensington returned to positive free cash flow of $18 million, aided by higher gold prices, while Wharf set an all-time record high gold production of nearly 34,000 ounces [15][16] Market Data and Key Metrics Changes - The company experienced a favorable market environment with higher gold and silver prices contributing to improved financial performance [4][19] - The acquisition of SilverCrest Metals is expected to enhance the company's position in the silver market, with projected production of over 21 million ounces of silver and 432,000 ounces of gold in 2025 [6][7] Company Strategy and Development Direction - The company is focused on optimizing operations at Rochester and integrating the recently announced acquisition of SilverCrest, aiming for a strong performance in 2025 [8][23] - The strategic acquisition is anticipated to create a global leader in the silver industry, leveraging SilverCrest's low-cost operations and strong balance sheet [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining the free cash flow inflection point into the fourth quarter, driven by continued higher metal prices and production growth [20][23] - The company plans to allocate free cash flow towards debt reduction and potentially building cash reserves for future investments or shareholder returns [21][22] Other Important Information - The company reaffirmed its full-year guidance, indicating expectations for another strong quarter to end the year [9] - The integration planning for SilverCrest is underway, with a focus on a smooth transition post-acquisition [22] Q&A Session Summary Question: Is the reach cycle modeled for Rochester matching production expectations? - Management confirmed that production is tracking as expected, with improvements anticipated as crush sizes are optimized [26][28] Question: What are the remaining hurdles for the SilverCrest acquisition? - The main steps include shareholder votes and regulatory approvals, with expectations for closing in late Q1 2025 [29] Question: How should the cash balance be viewed in relation to debt repayment? - The cash balance is expected to remain stable while prioritizing debt repayment, with potential growth in cash reserves post-repayment [30]

2024 Third Quarter Earnings NYSE: CDE 1 JC 2016 11:00 a.m. ET, November 7, 2024 NYSE: CDE Cautionary Statements JC 2016 This presentation contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements involving strategic priorities and company strategies, growth, anticipated production, costs and expenses, exploration and development efforts, operations, expectations and initiatives at Palmarejo, Rochester, Kensington, Wharf and Silvert ...

Core Insights - Coeur Mining reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and compared to a loss of $0.05 per share a year ago, indicating a significant turnaround [1] - The company achieved revenues of $313.48 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 9.65% and showing a substantial increase from $194.58 million year-over-year [2] - Coeur Mining's stock has increased approximately 86.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $292.3 million, and for the current fiscal year, it is $0.14 on revenues of $1.03 billion [7] - The estimate revisions trend for Coeur Mining is favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] Industry Context - The Mining - Non Ferrous industry, to which Coeur Mining belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges ahead [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ___________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock (par value $.01 per share) CDE New York Stock Exchange Emerging growth company ☐ FORM 10-Q ___________________________________________ ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 OR ☐ Transition Report Pursuan ...

Revenue and Financial Performance - Revenue for Q3 2024 totaled $313 million, a 41% increase quarter-over-quarter and a 60% increase year-over-year[1][6] - Revenue for Q3 2024 increased to $313.5 million, up 61.1% from $194.6 million in Q3 2023[59] - Revenue for Q3 2024 was $313.5 million, compared to $194.6 million in Q3 2023, representing a 61% increase[63] Adjusted EBITDA and Margins - Adjusted EBITDA for Q3 2024 was $126 million, a 140% increase quarter-over-quarter and a 2.5x increase over the last twelve months[1][2] - Adjusted EBITDA for Q3 2024 was $126.0 million, with an Adjusted EBITDA Margin of 28%, up from 16% in Q3 2023[63] Production Metrics - Gold production increased by 21% to 94,993 ounces, and silver production increased by 15% to 3.0 million ounces compared to the prior quarter[2] - Third quarter gold and silver production totaled 27,549 and 1.8 million ounces, respectively, compared to 25,467 and 1.6 million ounces in the prior period[17] - Silver and gold production in the third quarter totaled 1.2 million and 9,690 ounces, respectively, compared to 973,057 and 8,006 ounces in the prior period[21] - Gold production in Q3 2024 at Kensington totaled 24,104 ounces, up from 23,202 ounces in Q2 2024 and 24,614 ounces in Q3 2023, driven by higher average gold grade[24] - Gold production at Wharf increased 53% quarter-over-quarter to 33,650 ounces in Q3 2024, driven by higher average gold grade and timing of ounces placed on leach pads[27] Costs and Margins - Costs applicable to sales per gold and silver ounce both declined by 12% quarter-over-quarter, leading to margins more than double the prior period[2] - Adjusted CAS for gold and silver decreased 19% and 17% quarter-over-quarter to $818 and $12.60 per ounce, respectively[17] - Third quarter adjusted CAS for silver and gold on a co-product basis totaled $20.88 and $1,735 per ounce, respectively[22] - Adjusted CAS at Kensington decreased to $1,539 per ounce in Q3 2024 from $1,734 per ounce in Q2 2024, reflecting increased metal sales[24] - Adjusted CAS at Wharf increased 8% quarter-over-quarter to $885 per ounce in Q3 2024, due to decreasing favorable recoveries on legacy pads[27] Cash Flow and Liquidity - Operating cash flow for Q3 2024 was $111 million, the highest level in over a decade, driven by higher production and metals prices[2][10] - Free cash flow reached $69 million during the quarter, a significant improvement from the prior period's negative $36.2 million[2][5] - Free cash flow in the third quarter totaled $48 million compared to $18 million in the prior period[17] - Free cash flow at Kensington improved to $18 million in Q3 2024 from $(24) million in Q2 2024[24] - Free cash flow at Wharf reached an all-time high of $49 million in Q3 2024, up from $16 million in Q2 2024, reflecting higher gold sales[27] - Cash flow from operating activities in Q3 2024 was $111.1 million, a significant improvement from a negative $2.4 million in Q3 2023[61] - Free cash flow in Q3 2024 was $69.1 million, a significant improvement from a negative $114.7 million in Q3 2023[66] Debt and Financial Position - The company reduced its outstanding revolving credit facility balance by $50 million to $225 million, achieving a net debt to EBITDA ratio below 2.0x for the first time in three years[2] - Coeur had $30 million in outstanding letters of credit and $225 million in outstanding borrowings under its RCF as of September 30, 2024[54] - Total debt increased to $605.2 million, up 13.4% from $533.8 million at the end of 2023[57] - The company issued $77.5 million in notes and bank borrowings in Q3 2024, compared to $163.0 million in Q3 2023[61] Capital Expenditures and Exploration - Exploration investment during the quarter was approximately $25 million, compared to $18 million in the prior period[7][9] - Capital expenditures increased 36% quarter-over-quarter to $8 million, reflecting higher underground development[17] - Capital expenditures in Q3 2024 were $42.0 million, down from $112.3 million in Q3 2023[61] - Total 2024 exploration investment is expected to be $40 - $50 million for expansion drilling and $15 - $20 million for infill drilling[30] - 2024 capital expenditures guidance includes $124 - $158 million for sustaining capital and $36 - $42 million for development capital[40] Acquisitions and Strategic Moves - The acquisition of SilverCrest Metals Inc. was announced, with an implied value of approximately $1.7 billion, expected to close in Q1 2025[2][12] - Coeur is in the process of acquiring SilverCrest, with expected impacts on production, cash flow, and financial condition, though the acquisition may face delays or risks[44] Operational Highlights - Rochester operation placed 7.1 million tons under leach, producing 1.2 million ounces of silver and 9,690 ounces of gold, representing quarter-over-quarter increases of 19% and 21%, respectively[2] - Coeur operates four wholly-owned mining operations: Palmarejo (Mexico), Rochester (Nevada), Kensington (Alaska), and Wharf (South Dakota), along with the Silvertip exploration project in British Columbia[43] Metal Prices - Coeur's average gold spot price per ounce in Q3 2024 was $2,474, up from $2,338 in Q2 2024 and $1,928 in Q3 2023[55] - The average silver spot price per ounce in Q3 2024 was $29.43, compared to $28.45 in Q2 2024 and $23.57 in Q3 2023[55] - Coeur's average zinc spot price per pound in Q3 2024 was $1.26, down from $1.29 in Q2 2024 but up from $1.10 in Q3 2023[55] - The average lead spot price per pound in Q3 2024 was $0.92, compared to $0.98 in Q2 2024 and $0.98 in Q3 2023[55] Net Income and Earnings - Net income for Q3 2024 was $48.7 million, compared to a net loss of $21.1 million in Q3 2023[59] - Basic earnings per share for Q3 2024 were $0.12, compared to a loss of $0.06 per share in Q3 2023[59] - Adjusted net income for Q3 2024 was $47.2 million, compared to an adjusted net loss of $18.6 million in Q3 2023[64] Assets and Liabilities - Total assets increased to $2.23 billion as of September 30, 2024, up from $2.08 billion at the end of 2023[57] - Cash and cash equivalents grew to $76.9 million, a 24.8% increase from $61.6 million at the end of 2023[57] - Ore on leach pads increased significantly to $148.3 million, up 86.8% from $79.4 million at the end of 2023[57] - Cash, cash equivalents, and restricted cash at the end of Q3 2024 were $78.7 million, up from $54.9 million at the end of Q3 2023[61] Costs and Expenses - Costs applicable to sales for Q3 2024 were $156.7 million, up 6.0% from $147.9 million in Q3 2023[59] - Exploration expenses for Q3 2024 increased to $19.6 million, up 57.3% from $12.4 million in Q3 2023[59] - Total costs applicable to sales for Q3 2024 were $189,782 thousand, with adjusted costs applicable to sales at $154,245 thousand[69] - Adjusted costs applicable to sales for gold in Q3 2024 were $1,113 per ounce, while silver was $15.67 per ounce[69] Sales and Revenue Split - Gold sales for Q3 2024 totaled 96,913 ounces, with revenue split at 50% for Palmarejo and 100% for Kensington and Wharf[69] - Silver sales for Q3 2024 were 3,004,501 ounces, with revenue split at 50% for Palmarejo and 59% for Rochester[69] - Gold sales for the three months ended June 30, 2024, were 76,932 ounces, with adjusted costs at $1,264 per ounce[70] - Silver sales for the three months ended June 30, 2024, were 2,592,727 ounces, with adjusted costs at $17.71 per ounce[70] - Gold sales for the three months ended March 31, 2024, were 81,416 ounces, with adjusted costs at $1,267 per ounce[71] - Total adjusted costs applicable to sales for Q4 2023 were $171.58 million, with Palmarejo contributing $50.20 million, Rochester $54.51 million, Kensington $37.44 million, and Wharf $29.44 million[73] - Gold sales for Q4 2023 totaled 99,541 ounces, with Palmarejo contributing 24,849 ounces, Rochester 19,174 ounces, Kensington 25,980 ounces, and Wharf 29,538 ounces[73] - Silver sales for Q4 2023 totaled 3,000,338 ounces, with Palmarejo contributing 1,644,592 ounces, Rochester 1,269,236 ounces, and Wharf 86,510 ounces[73] - Adjusted costs per gold ounce for Q4 2023 were $1,225, with Palmarejo at $1,010, Rochester at $1,564, Kensington at $1,441, and Wharf at $997[73] - Adjusted costs per silver ounce for Q4 2023 were $17.03, with Palmarejo at $15.26 and Rochester at $19.33[73] - Total adjusted costs applicable to sales for Q3 2023 were $137.50 million, with Palmarejo contributing $47.73 million, Rochester $22.74 million, Kensington $37.82 million, and Wharf $29.21 million[74] - Gold sales for Q3 2023 totaled 78,015 ounces, with Palmarejo contributing 26,018 ounces, Rochester 4,432 ounces, Kensington 24,516 ounces, and Wharf 23,049 ounces[74] - Silver sales for Q3 2023 totaled 2,213,735 ounces, with Palmarejo contributing 1,533,975 ounces, Rochester 606,083 ounces, and Wharf 73,677 ounces[74] - Adjusted costs per gold ounce for Q3 2023 were $1,273, with Palmarejo at $917, Rochester at $1,899, Kensington at $1,543, and Wharf at $1,267[74] - Adjusted costs per silver ounce for Q3 2023 were $17.85, with Palmarejo at $15.56 and Rochester at $23.64[74] Guidance and Future Expectations - Full-year 2024 production is expected to be 95,000 - 103,000 ounces of gold and 5.9 - 6.7 million ounces of silver[18] - CAS in 2024 are expected to be $950 - $1,150 per gold ounce and $15.50 - $16.50 per silver ounce[18] - Capital expenditures are expected to be $27 - $37 million, consisting primarily of sustaining capital and underground development[18] - Full-year 2024 production is expected to be 4.8 - 6.6 million ounces of silver and 37,000 - 50,000 ounces of gold[22] - Full-year 2024 production guidance for Kensington is 92,000 - 106,000 gold ounces, with CAS expected to be $1,525 - $1,725 per ounce[25] - Full-year 2024 production guidance for Wharf is 86,000 - 96,000 gold ounces, with CAS expected to be $950 - $1,050 per ounce[29] Non-GAAP Financial Measures - Coeur uses non-GAAP financial measures such as EBITDA, adjusted EBITDA, and free cash flow to assess financial performance, with detailed reconciliations provided in its Form 10-K[53] Liquidity and Financial Covenants - The company's liquidity is defined as cash and cash equivalents plus availability under its RCF, subject to financial covenants[54] Conference Call and Investor Relations - Coeur will host a conference call to discuss its Q3 2024 financial results on November 7, 2024, at 11:00 a.m. Eastern Time[42] Operating Cash Flow - Operating cash flow before changes in working capital for Q3 2024 was $86,932 thousand, a significant increase from $27,482 thousand in Q2 2024 and $14,187 thousand in Q3 2023[68]

Coeur Mining (CDE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Novemb ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Coeur Mining (CDE) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this silver mining company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estima ...

Coeur Mining, Inc. (CDE) announced that it signed a definitive agreement to acquire all issued and outstanding shares of SilverCrest Metals Inc. (SILV) . The transaction is expected to create a leading global silver company, with 2025 silver production of 21 million ounces. Details of Coeur-SilverCrest Deal According to the deal, SilverCrest stockholders would receive 1.6022 Coeur common shares per share valued at $11.34 based on Coeur's Oct. 3, 2024 closing price. The transaction values SilverCrest at $1.7 ...

The prospects of the Zacks Mining - Non Ferrous industry look bleak as weak demand in China has been weighing on metal prices. Industry players also grapple with inflated costs, labor shortages and supply-chain issues. However, the demand for non-ferrous metals is expected to be supported by the energy-transition trend, which should buoy the industry. Against this backdrop, we suggest keeping an eye on companies like Freeport-McMoRan Inc. (FCX) , Lundin Mining (LUNMF) , Coeur Mining (CDE) , Ero Copper (ERO) ...