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Coeur Mining(CDE) - 2025 Q1 - Earnings Call Presentation
2025-05-08 11:42
2025 First Quarter Earnings 11:00 a.m. ET, May 8, 2025 NYSE: CDE NYSE: CDE JC 2016 1 Cautionary Statements 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 Las Chispas, Palmarejo, Rochester, Kensington, Wharf and Silvert ...
Coeur Mining (CDE) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-08 00:25
Coeur Mining (CDE) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items. While Coeur Mining has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings ou ...
Coeur Mining(CDE) - 2025 Q1 - Quarterly Results
2025-05-07 20:35
NEWS RELEASE Coeur Reports First Quarter 2025 Results Positive quarterly net income and free cash flow; significant debt reduction; reaffirms full-year guidance; positioned for record year Chicago, Illinois - May 7, 2025 - Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today reported first quarter 2025 financial results, including revenue of $360 million and cash flow from operating activities of $68 million. The Company reported GAAP net income from continuing operations of $33 million, or $0.06 ...
Coeur Mining(CDE) - 2025 Q1 - Quarterly Report
2025-05-07 20:35
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ___________________________________________ FORM 10-Q ___________________________________________ ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 OR Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-08641 ____________________________________________ COEU ...
Wall Street Analysts Predict a 73.63% Upside in Coeur Mining (CDE): Here's What You Should Know
ZACKS· 2025-05-05 15:01
Shares of Coeur Mining (CDE) have gained 9.3% over the past four weeks to close the last trading session at $5.31, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $9.22 indicates a potential upside of 73.6%.The average comprises nine short-term price targets ranging from a low of $7 to a high of $11, with a standard deviation of $1.18. While the lowest estimate indicates an incr ...
Coeur Mining: Time To Shift Gears From Growth To Profit
Seeking Alpha· 2025-04-30 08:09
Coeur Mining (NYSE: CDE ) (TSX: CDM:CA ) is a fast-growing silver-gold producer, with high-quality assets, in my view. I believe that the company is at an inflection point now and must shift focus toward delivering profitability, reducing leverage, and returning capital to shareholders, afterI work on the buy-side in Fixed Income. In my spare time, I'm out here seeking alpha. When it comes to my investment outlook...I'm here to remind you to "Always Protect Your Nuts!" I have a special interest in the Minin ...
Coeur Mining ramps up silver production with Las Chispas acquisition
KITCO· 2025-03-14 17:06
ShareDisclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpab ...
Coeur Mining(CDE) - 2024 Q4 - Earnings Call Transcript
2025-02-20 20:16
Financial Data and Key Metrics Changes - In 2024, Coeur Mining, Inc. achieved over $1 billion in revenue, with adjusted EBITDA more than doubling to $339 million compared to the prior year [5][26] - The company generated $85 million in free cash flow and reduced debt by $80 million, resulting in a net debt to EBITDA ratio of 1.6 times, down from 3.4 times a year ago [4][27] - Capital expenditures were cut in half to $183 million, allowing for increased exploration expenditures of approximately $60 million [26] Business Line Data and Key Metrics Changes - Production from North American operations is expected to exceed 400,000 ounces of gold and over 18 million ounces of silver in 2025, representing increases of 20% and 62% year-over-year, respectively [5][12] - Rochester's silver production increased by 34% and gold production by 63% compared to the previous quarter, contributing over $12 million in free cash flow [9][10] - Palmarejo's gold and silver production increased by 8% and 3% year-over-year, respectively, leading to a record free cash flow of $108 million [12][14] Market Data and Key Metrics Changes - The company anticipates record levels of EBITDA, earnings, and free cash flow in 2025, driven by higher production levels and commodity prices [6][29] - The addition of the Las Chispas operation is expected to enhance production and cash flow generation [28] Company Strategy and Development Direction - Coeur Mining is focused on becoming a larger scale, lower-cost silver and gold producer with a conservative balance sheet, following significant investments in recent years [4] - The company plans to aggressively pay down debt using free cash flow generated from operations and the recent acquisition of Silvercrest [6][29] - Exploration efforts are expected to continue, with a budget of approximately $85 million for 2025, aimed at bolstering inferred resources for future conversion [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for 2025, citing strong fundamentals for gold and silver and a solid platform of operations [34] - The first quarter of 2025 is expected to be challenging due to one-time outflows, but absent these, free cash flow would have been positive [31][32] Other Important Information - The company has seen significant increases in gold and silver reserves due to exploration investments, with gold reserves up 26% and silver reserves up 30% over the past five years [7] - The successful ramp-up of the Rochester expansion and the acquisition of Las Chispas are key drivers for anticipated growth [6][28] Q&A Session Summary Question: Update on Las Chispas acquisition cash and bullion - The acquisition included $153 million in cash and $40 million in bullion, with a balance closer to $100 million at closing due to expenses [41] Question: Kensington cost per ounce increase and Rochester crush size issue - Kensington's costs are rising due to increased activity and sensitivity to ore grade, while Rochester's crush size issue was addressed by placing higher-grade material directly on the leach pad [43][44][53] Question: Rochester's winter production and leach kinetics - Production is expected to be back-weighted due to leach kinetics and weather conditions, with improvements anticipated as operations ramp up [60][64] Question: Rochester fragmentation and grind size - The company is targeting an 80% success rate for the five-eighths inch size fraction, with ongoing optimization efforts [67][68]
Coeur Mining (CDE) Misses Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-20 00:11
Core Insights - Coeur Mining reported quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.15 per share, compared to a loss of $0.02 per share a year ago, indicating an earnings surprise of -26.67% [1] - The company posted revenues of $305.4 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.95%, and showing an increase from year-ago revenues of $262.1 million [2] - Coeur Mining shares have increased approximately 12.4% since the beginning of the year, outperforming the S&P 500's gain of 4.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $323 million, and for the current fiscal year, it is $0.58 on revenues of $1.42 billion [7] - The estimate revisions trend for Coeur Mining is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Mining - Non Ferrous industry is currently in the bottom 37% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8] - Another company in the same industry, Energy Fuels, is expected to report break-even quarterly earnings per share, with revenues projected to be $45.25 million, reflecting a year-over-year increase of 9527.7% [9]
Coeur Mining(CDE) - 2024 Q4 - Annual Report
2025-02-19 22:19
Environmental Compliance and Management - Expenditures for environmental compliance in 2025 are expected to range from $12.3 million to $13.3 million[25] - The company has achieved a 35% net intensity reduction target for GHG emissions by the end of 2024 compared to the base year[42] - The company has increased the amount of renewable energy in its purchased electricity through formal agreements with energy providers[42] - The company is implementing a Biodiversity Management Standard to enhance its environmental stewardship[42] - The company has formalized a Tailings Management Policy and committed to adopting the Global Industry Standard on Tailings Management (GISTM)[42] - The company is actively managing GHG emissions and enhancing climate disclosures in line with TCFD recommendations[42] - The company is conducting site-specific environmental risk reviews and utilizing key performance indicators (KPIs) to evaluate performance results by mine[39] - The company is pursuing a systematic approach to environmental management to mitigate risks and improve performance continuously[39] - The company is committed to responsible production and best practices in environmental performance[39] Employee and Workforce Information - The company has approximately 2,116 employees, with 1,176 in the U.S., 71 in Canada, and 869 in Mexico[28] - Employee participation in the 2023 culture assessment was 84%, exceeding industry benchmarks[29] - The average employee earns over 40% more than the average employee in their local markets according to industry benchmarking[37] - The company has provided over 40 apprenticeships and internships in 2024, hiring an average of 60% of new hires from local communities since 2018[36] - The company has engaged a third-party mental health care provider to assist employees and their families in accessing quality care[38] - The company has implemented a Total Worker Health program in 2023 to promote worker well-being[38] Mining Operations and Production - The Kensington underground gold mine began operations in 2010, while the newly acquired Las Chispas underground silver-gold mine started operations in 2022[23] - The Rochester mine completed a significant expansion in 2024[23] - The company produces gold and silver doré, as well as gold concentrate, which is sold under long-term offtake agreements[21] - The company has entered into derivative contracts to protect the selling price for certain anticipated gold and silver production[20] - The company is in the process of amending existing permits at the Palmarejo complex, including a significant operating permit set to expire in October 2025[26]