Coeur Mining, Inc. (CDE) announced an operational update at the expanded Rochester silver-gold mine in Nevada. The update indicates favorable outcomes, including higher throughput and progress in reducing crushing size, paving the way for a solid second-half performance. Coeur Mining's Operational Update At Rochester, the new three-stage crushing circuit continues to provide significantly increased flexibility to serve the complete spectrum of mined ore. Nearly 2.7 million tons were placed on the new Stage ...

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About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Financial Data and Key Metrics Changes - Coeur Mining reported a significant increase in quarterly adjusted EBITDA, which jumped 136% year-over-year, while the last twelve months (LTM) adjusted EBITDA increased 90% to $192 million [3][11] - The company ended the quarter with approximately $275 million drawn on its $400 million revolving credit facility, with net debt to EBITDA ratios improving to below three times for the first time in over two years [14] Business Line Data and Key Metrics Changes - Rochester's silver production increased to 973,000 ounces and gold production to over 8,000 ounces, both driven by enhanced crushing and placement operations [7] - Palmarejo continued to perform well, delivering about 25,000 meters of gold and nearly 1.6 million ounces of silver [8] - Kensington is expected to reach a free cash flow inflection point in the second half of next year, with significant improvements in operational metrics [4][9] - Wharf's gold production increased to 22,000 ounces, with adjusted cash costs decreasing by 29% to $822 per ounce [10] Market Data and Key Metrics Changes - Commodity prices in the second quarter were approximately 10% higher year-over-year, contributing to the improved financial performance [3] Company Strategy and Development Direction - The company aims to transition to positive free cash flow in the second half of the year, supported by the ramp-up of Rochester and stable operations across its U.S.-centric mines [2][5] - Coeur Mining is focusing on aggressive debt reduction following the anticipated increase in free cash flow [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve production guidance for 2024 across all operations, with a focus on optimizing operations and maximizing recoveries [11][12] - The acquisition of key concessions from Fresnillo is expected to provide new opportunities for higher-margin mine life extensions at Palmarejo [4][15] Other Important Information - The company is undertaking a significant thermal program at Silvertip, which includes various exploration strategies to identify larger ore bodies [17] - The Kensington multiyear program is progressing well, with ongoing exploration expected to enhance mine life [17] Q&A Session Summary Question: Can you provide more details on the cost guidance adjustment for Rochester? - Management explained that the adjustment was due to the timing of ounces placed on Stage VI, with no significant changes to the underlying inputs [19][20] Question: When can we expect to pull the first ounce from the newly acquired land near Palmarejo? - The first drilling is expected in early 2025, with potential ounces coming from the area around 2026 [22][24] Question: What is the company's long-term debt repayment strategy? - The company aims for a total debt-to-EBITDA ratio of one time and net debt to EBITDA of zero, with a focus on repaying the revolver as cash flow increases [25] Question: How is the Rochester crushing circuit performing? - The crushing circuit is performing well, with consistent throughput and expectations to achieve 7 million to 8 million tonnes per quarter for the remainder of the year [26][27]

2024 Second Quarter Earnings NYSE: CDE 1 JC 2016 11:00 a.m. ET, August 8, 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 Silverti ...

NEWS RELEASE Coeur Reports Second Quarter 2024 Results Ramp-up of Rochester Operation Complete; Maintaining 2024 Production Guidance Ranges Chicago, Illinois - August 7, 2024 - Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today reported second quarter 2024 financial results, including revenue of $222 million and cash flow from operating activities of $15 million. The Company reported GAAP net income from continuing operations of $1 million, or $0.00 per share. On an adjusted basis , Coeur repor ...

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 June 30, 2024 OR ☐ Transition Report Pursuant to ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Coeur Mining (CDE) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better than expec ...

Before diving into the gold stocks to invest in, let's understand why gold serves as a good hedge against inflation. As one of the oldest investment classes in history, gold offers a store of value that remains unmatched. It has tangible, real-world use cases and unlike fiat currencies, it is limited in supply and retains its value. Moreover, gold prices do not correlate with the market, making it a great diversification tool. Investing in physical gold can be expensive and cumbersome, making gold stocks an ...

The prospects of the Zacks Mining - Non Ferrous industry appear promising at the moment, backed by the upward trajectory in metal prices. The demand for non-ferrous metals is expected to be supported by the energy-transition trend, which will buoy the industry. We suggest keeping a close eye on companies like Southern Copper Corporation (SCCO) , FreeportMcMoRan Inc. (FCX) , Lundin Mining (LUNMF) , Coeur Mining (CDE) and Ero Copper (ERO) . These companies are strategically focused on building reserves, techn ...