Coeur Mining(CDE)

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Coeur Mining(CDE) - 2023 Q3 - Quarterly Report
2023-11-07 16:00
Coeur Mining, Inc. and Subsidiaries Notes to Consolidated Financial Statements Coeur reports the carrying value of metal and leach pad inventory at the lower of cost or net realizable value, with cost being determined using a weighted average cost method. During the first nine months of 2023, the cost of stock pile, leach pad and metal inventory at Rochester exceeded its net realizable value, which resulted in non-cash write down for the three and nine months ended September 30, 2023 of $8.9 million ($7.7 m ...
Coeur Mining(CDE) - 2023 Q2 - Earnings Call Transcript
2023-08-10 18:10
Coeur Mining, Inc. (NYSE:CDE) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Mitchell Krebs - President and CEO Michael Routledge - SVP and COO Thomas Whelan - SVP and CFO Aoife McGrath - SVP, Exploration Conference Call Participants Michael Dudas - Vertical Research Mike Parkin - National Bank Operator Hello and welcome to the Coeur Mining Second Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now ...
Coeur Mining(CDE) - 2023 Q2 - Earnings Call Presentation
2023-08-10 15:22
Silvertip (1) As of December 31, 2022. (2) See slides in appendix for additional information related to mineral reserves and resources. Non-GAAP to U.S. GAAP Reconciliation for Guidance ($ thousands, except metal sales and per ounce amounts) Palmarejo Kensington Wharf Reported costs applicable to sales $195,651 $157,005 $112,087 Metal Sales Gold ounces 104,618 90,673 88,732 Silver ounces 6,784,929 163,607 | --- | --- | --- | --- | |---------------------------------------------------------------|------------ ...
Coeur Mining(CDE) - 2023 Q2 - Quarterly Report
2023-08-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ___________________________________________ Emerging growth company ☐ ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 OR For the transition period from to COEUR MINING, INC. (Exact name of registrant as specified in its charter) ____________________________________________ (312) 489-5800 (Registrant's telephone number, including area code) Securities re ...
Coeur Mining(CDE) - 2023 Q1 - Earnings Call Transcript
2023-05-11 17:22
Financial Data and Key Metrics Changes - The company's first quarter results were slightly ahead of expectations, driven by strong performance at Palmarejo, Rochester, and Wharf operations, which offset a weaker quarter from Kensington mine [3] - Revenue was essentially flat compared to the first quarter of 2022 despite lower gold production, benefiting from stronger metals prices [19] - Total liquidity stood at $382 million, with a significant layer of downside price risk mitigation in place for the remainder of 2023 via metals hedges [21] Business Line Data and Key Metrics Changes - At Palmarejo, production exceeded expectations due to higher silver grades and strong contributions from La Nación, with overall operating costs decreasing by 10% on gold and 2% on silver [15] - Rochester's production was better than anticipated, driven by positive residual effects from previous solution breakthroughs, despite weather-related challenges [16] - Wharf's results were slightly ahead of plan, benefiting from higher grade material placed earlier in the year, with lower per ounce costs than anticipated [18] Market Data and Key Metrics Changes - The ongoing exploration success at Kensington and Silvertip added approximately 2 million gold equivalent ounces of reserves and over 4 million gold equivalent ounces of resources, representing increases of 34% in reserves and 60% in resources [5] - The company is currently experiencing a peak level of capital intensity at Rochester, with nearly $1 million per day being spent during the first half of 2023 [38] Company Strategy and Development Direction - The company is focused on completing the Rochester expansion and ramping up production in the second half of the year, which is expected to be a key inflection point [4][40] - There is a commitment to enhancing understanding of the Silvertip deposit while prioritizing the successful commissioning and ramp-up of Rochester [10][41] - The company is also investing in high-value exploration priorities, particularly at Kensington, to set up for higher returns in future periods [23] Management's Comments on Operating Environment and Future Outlook - Management noted that the first quarter is typically the softest due to weather and one-time payments, but they remain on track to deliver on full-year guidance [3] - The company is assessing the impact of recent changes to the Mexican Mining Law, which may face legal challenges [6] - Management expressed optimism about easing costs among three of the four largest cost buckets, indicating potential moderation of inflation [37] Other Important Information - The company published its ESG report, highlighting its commitment to environmental, social, and governance practices [7] - The first quarter financial results included two one-time annual payments totaling $23 million, impacting overall financial results [20] Q&A Session Summary Question: What are the thoughts on cost applicable to sales at Rochester for the remainder of the year? - Management indicated that first-quarter results were in line with plans and guidance for costs would be issued alongside Q2 results, with expectations of noise in the next two quarters [26] Question: Will the third quarter be the strongest for Rochester? - Management confirmed that the third quarter is expected to be the highest production quarter due to the initial surge in ounces from newly stacked material [27][45] Question: What is the status of liquidity and any covenants attached to the facility? - Management reassured that there is ample room under the facility and cash on hand for the completion of Rochester, with key covenants being monitored [50] Question: What mitigation strategies are in place for Kensington's production challenges? - Management highlighted onboarding new development contractor groups to improve production and extend mine life, with expectations of catching up over the next two quarters [52][53]
Coeur Mining(CDE) - 2023 Q1 - Quarterly Report
2023-05-09 16:00
Equity Securities The Company makes strategic investments in equity securities of silver and gold exploration, development and royalty and streaming companies. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-------|--------|-------|--------------------------------------|------------|------------------------|-------|------------------------| | In thousands \nEquity Securities | | Cost | | At March \nGross Unrealized Losses | 31, 2023 | Gross Unrealized Gain ...
Coeur Mining(CDE) - 2022 Q4 - Earnings Call Presentation
2023-02-23 17:53
JC 2016 Cautionary Statements JC 2016 • 2023 guidance reflects strong expected 2H increases from Rochester Financial Summary NYSE: CDE $3.15 $3.62 $4.55 $4.33 $4.15 10% 11% 12% 11% 11% 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 +32% +31% Diesel Cost Per Gallon/% of CAS1 Cyanide Cost Per Pound/% of CAS1 $1.05 $1.24 $1.32 $1.44 $1.37 5% 5% 3% 4% 4% 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Production & Unit Cost Scorecard Overview of 2023E Production Guidance1 NYSE: CDE • ~80% – 85% sustaining capital Kensington $ ...
Coeur Mining(CDE) - 2022 Q4 - Earnings Call Transcript
2023-02-23 17:51
Coeur Mining, Inc. (NYSE:CDE) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Mitchell Krebs - President and Chief Executive Officer Michael Routledge - Senior Vice President and Chief Operating Officer Thomas Whelan - Senior Vice President and Chief Financial Officer Aoife McGrath - Senior Vice President, Exploration Conference Call Participants Michael Dudas - Vertical Research Partners Operator Good day and welcome to the Coeur Mining Fourth Quarter 2022 Financial Resu ...
Coeur Mining(CDE) - 2022 Q4 - Annual Report
2023-02-21 16:00
A significant portion of our revenues is generated by operations outside the United States. Exploration, development, production and closure activities in many countries are potentially subject to heightened political and social risks that are beyond our control and could result in increased costs, capacity constraints and potential disruptions to our business. These risks include the possible unilateral cancellation or forced renegotiation of contracts in which we, directly or indirectly, may have an inter ...
Coeur Mining(CDE) - 2022 Q3 - Earnings Call Transcript
2022-11-10 17:43
Coeur Mining, Inc. (NYSE:CDE) Q3 2022 Results Conference Call November 10, 2022 11:00 AM ET Company Participants Mitchell Krebs - President and CEO Mick Routledge - SVP and COO Tom Whelan - SVP and CFO Aoife McGrath - EVP, Exploration Conference Call Participants Operator Good morning, and welcome to the Coeur Mining Third Quarter 2022 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask quest ...