Coeur Mining(CDE)

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Coeur Mining(CDE) - 2023 Q4 - Earnings Call Presentation
2024-02-22 23:30
11:00 a.m. ET, February 22, 2024 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 Silvertip including the Rochester expansion project, inflation and other cost pressures, capit ...
Coeur Mining(CDE) - 2023 Q4 - Earnings Call Transcript
2024-02-22 18:10
Financial Data and Key Metrics Changes - Coeur Mining's fourth quarter represented the strongest quarter in over three years, with revenues increasing by 35% due to a 29% rise in gold production and a 34% rise in silver production [1] - Adjusted EBITDA more than doubled, and fourth quarter operating cash flow reached its highest level since late 2020 [1] - The net debt to adjusted EBITDA ratio improved to 3.4 times from 4 times at the end of the third quarter [16] Business Line Data and Key Metrics Changes - Rochester produced 1.3 million ounces of silver and 20,000 ounces of gold in the fourth quarter, marking quarter-over-quarter increases of 120% and 345% respectively [27] - Palmarejo delivered over $15 million of free cash flow in the fourth quarter, its highest mark of the year, despite challenges from inflation and a strong peso [26] - Kensington showed a good recovery with expectations for higher gold production in 2024, following a strong fourth quarter [30] Market Data and Key Metrics Changes - The company anticipates lower metal sales in the first quarter due to the ramp-up at Rochester and Wharf's seasonally driven slower first quarter [36] - The exploration investment for 2024 is expected to be between $40 million to $50 million for scout and expansion drilling, and $7 million to $13 million for infill drilling [11] Company Strategy and Development Direction - The company is focused on significant U.S.-based production growth, particularly in silver, and transitioning to positive free cash flow while reducing debt [40] - Continued investment in high-return, high-impact exploration remains a key differentiator for Coeur, especially as many companies in the sector have underinvested [23] Management's Comments on Operating Environment and Future Outlook - Management highlighted that the last three years represented a period of heavy investment, and they are now at an inflection point with expected results from these investments [18] - The company is optimistic about achieving commercial throughput levels at Rochester by the end of the second quarter [28] Other Important Information - The company completed an extension of its revolving credit facility through February 2027, indicating strong external confidence from lenders [38] - Fourth quarter capital expenditures declined by 17% compared to the previous quarter due to timing of final contractor payments [37] Q&A Session Summary - No questions were raised during the Q&A session, and the call concluded with a note of appreciation for participants [51][52]
Coeur Reports Year-End 2023 Mineral Reserves and Resources
Businesswire· 2024-02-20 21:30
CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported year-end 2023 proven and probable reserves of 3.2 million ounces of gold and 243.9 million ounces of silver, net of depletion. Measured and indicated resources totaled 3.2 million ounces of gold, 196.3 million ounces of silver, 1,517 million pounds of zinc and 768.7 million pounds of lead, reflecting year-over-year increases for all metals driven by additions at Palmarejo, Rochester, Wharf and Silvertip. Inf ...
Coeur Mining(CDE) - 2023 Q4 - Annual Report
2024-02-20 16:00
Commission File Number 1-8641 COEUR MINING, INC. 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 | --- | --- | --- | |-------|---------------------------|-------| | | | | | ☑ | Accelerated filer | | | ☐ | Smaller reporting company | | | | Emerging growth company | | DOCUMENTS INCORPORATED BY REFERENCE FORM 10-K INDEX 3 Coeur Mining, Inc. ("Coeur", "the Company", or "we"), founded in 1928, is a precious metals ...
4 Non-Ferrous Metal Mining Stocks Countering Industry Headwinds
Zacks Investment Research· 2024-02-02 16:51
The prospects of the Zacks Mining - Non Ferrous industry look bleak as weak demand in China has been weighing on metal prices. Industry players are also grappling 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 will buoy the industry.Against this backdrop, we suggest keeping a close eye on companies like Southern Copper Corporation (SCCO) , Ero Copper (ERO) , Coeur Mining (CDE) and Cent ...
Coeur Reports Record 2023 Fourth Quarter Production at its Newly Expanded Rochester Operation and Provides Update on First Half 2024 Crusher Commissioning and Ramp-Up Progress
Businesswire· 2024-01-29 21:30
CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on expansion-related activities taking place at its Rochester silver and gold operation in Nevada. Fourth quarter production reached record levels of approximately 1.3 million ounces of silver and 19,847 ounces of gold, which represented quarter-over-quarter increases of 120% and 345% and year-over-year increases of 38% and 71%, respectively. These materially higher production levels were driven by ...
Coeur Drills Highest Grade Intercept Ever in the Southern Silver Zone at Silvertip
Businesswire· 2024-01-22 12:00
CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on exploration at its high-grade Silvertip polymetallic exploration project in northern British Columbia. Coeur completed approximately 90,000 feet (28,000 meters) of drilling in 2023 over 92 holes, 62 of which were in the Southern Silver Zone. Since acquisition of the project in late 2017, the Company has drilled roughly 1.1 million feet (333,000 meters) over 1,244 holes. Highlights from surface a ...
Coeur Mining (CDE) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
Zacks Investment Research· 2024-01-19 15:56
A downtrend has been apparent in Coeur Mining (CDE) lately. While the stock has lost 10% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for t ...
Coeur to Participate in Upcoming TD Securities Global Mining Conference
Businesswire· 2024-01-18 21:30
CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc.’s (“Coeur” or the “Company”) (NYSE: CDE) President and Chief Executive Officer, Mitchell J. Krebs, will participate in the TD Securities Global Mining Conference on Wednesday, January 24, 2024. The TD Securities Global Mining Conference is an invitation-only investment conference. Presentation materials will be made available on the Company’s website at www.coeur.com. About Coeur Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals pro ...
Coeur Mining(CDE) - 2023 Q3 - Earnings Call Transcript
2023-11-09 17:59
Coeur Mining, Inc. (NYSE:CDE) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Mitchell Krebs - President & Chief Executive Officer Michael Routledge - Senior Vice President & Chief Operating Officer Aoife McGrath - Senior Vice President, Exploration Thomas Whelan - Senior Vice President & Chief Financial Officer Conference Call Participants Mike Parkin - National Bank Operator Good day and welcome to the Coeur Mining Third Quarter 2023 Financial Results Conference Call. [O ...