Coeur Mining(CDE)
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Coeur Mining(CDE) - 2021 Q4 - Earnings Call Presentation
2022-02-18 16:23
2021 Fourth Quarter and Full-Year Earnings NYSE: CDE 1 JC 2016 11:00 a.m. ET, February 17, 2022 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, expectations regarding environmental, social and governance ("ESG") initiatives, goals and targets, anticipated production, costs and expenses, exploration and developm ...
Coeur Mining(CDE) - 2021 Q4 - Earnings Call Transcript
2022-02-17 20:28
Coeur Mining, Inc. (NYSE:CDE) Q4 2021 Earnings Conference Call February 17, 2022 11:00 AM ET Company Participants Jeff Wilhoit - IR Mitchell Krebs - President, CEO & Director Michael Routledge - SVP & COO Thomas Whelan - SVP & CFO Conference Call Participants Dalton Baretto - Canaccord Genuity Karl Blunden - Goldman Sachs Group Mark Reichman - NOBLE Capital Markets Brian MacArthur - Raymond James Operator Good day, and welcome to the Coeur Mining Fourth Quarter 2021 Financial Results Conference Call. [Opera ...
Coeur Mining(CDE) - 2021 Q4 - Annual Report
2022-02-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 1-8641 | --- | --- | |---------------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | 82-0109423 (I.R. ...
Coeur Mining(CDE) - 2021 Q3 - Earnings Call Presentation
2021-10-29 23:00
2021 Third Quarter Earnings NYSE: CDE 1 JC 2016 11:00 a.m. ET, October 28, 2021 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, expectations regarding environmental, social and governance ("ESG") initiatives, goals and targets, anticipated production, costs and expenses, exploration and development efforts, hea ...
Coeur Mining(CDE) - 2021 Q3 - Earnings Call Transcript
2021-10-28 20:55
Coeur Mining, Inc. (NYSE:CDE) Q3 2021 Results Conference Call October 28, 2021 11:00 AM ET Company Participants Paul DePartout - Director, IR Mitch Krebs - President and CEO Hans Rasmussen - SVP, Exploration Mick Routledge - SVP and COO Tom Whelan - SVP and CFO Casey Nault - SVP, General Counsel and Secretary Conference Call Participants Mark Reichman - Noble Capital Markets Michael Dudas - Vertical Research Partners Joseph Reagor - ROTH Capital Partners Michael Siperco - RBC Capital Markets Brian MacArthur ...
Coeur Mining(CDE) - 2021 Q3 - Quarterly Report
2021-10-26 16:00
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, 2021 OR ☐ Transition Report Pursuan ...
Coeur Mining(CDE) - 2021 Q2 - Earnings Call Transcript
2021-07-29 21:10
Financial Data and Key Metrics Changes - The company reported a 6% increase in quarterly revenue, generating $58 million of operating cash flow during the quarter [30] - Last Twelve Months (LTM) EBITDA approached $300 million, reflecting a 41% year-over-year increase despite a non-cash inventory charge at Rochester [31] - The company ended the quarter with nearly $390 million of liquidity and a net leverage ratio of one times, positioning it well for funding its 2021 CapEx and exploration programs [32] Business Line Data and Key Metrics Changes - Gold production at Wharf increased by 27% quarter-over-quarter, while silver production at Rochester rose by 15% [6][28] - Kensington's gold production was slightly down due to timing, but it generated approximately $24 million of free cash flow, nearly seven times higher than the prior period [22][27] - Palmarejo's higher mill throughput and better metallurgical recoveries offset lower grades, leading to solid results despite geotechnical challenges [21] Market Data and Key Metrics Changes - The average realized silver price increased, contributing to improved topline performance [5] - The company highlighted a strategic investment in Victoria Gold, acquiring an 18% block from Orion Mine Finance, which aligns with its strategy to bolster its portfolio in high-quality jurisdictions [17] Company Strategy and Development Direction - The company is advancing its largest exploration campaign in history, planning to invest approximately $75 million in exploration in 2021, nearly 50% higher than the previous year [11] - Major development priorities include the ongoing expansion at Rochester and the potential restart at Silvertip, with significant progress reported on both projects [12][14] - The company aims to maintain a balanced portfolio of North American precious metals assets, focusing on organic growth [36] Management's Comments on Operating Environment and Future Outlook - Management reiterated production guidance and expressed confidence in a strong second half of the year across all operating locations [7] - The company acknowledged inflationary pressures affecting operating costs, particularly in contractor labor and materials [13][47] - Management emphasized the importance of maintaining a robust safety culture and operational performance, reporting the lowest lost-time injury rate in company history [20] Other Important Information - The company has secured a capital lease package of nearly $60 million to fund equipment purchases for the Rochester expansion [33] - The company opportunistically added to its hedge position, securing 132,000 ounces of gold hedge for the next year with an average floor of $1,630 per ounce [34] Q&A Session Summary Question: Expectations for pre-production expenditures for the Rochester expansion - Management anticipates an even split of around $200 million in pre-production expenditures between 2021 and 2022, with potential adjustments due to inflation [37][40] Question: Details on the $20 million additional investment in Rochester - The additional funding aims to improve safety, availability, and operability of the infrastructure, including upgrades to geotechnical design and control systems [44][45] Question: Long-term prospects for Palmarejo amid challenges in Mexico - Management remains committed to Palmarejo, highlighting exploration potential and ongoing efforts to extend mine life despite challenges in the jurisdiction [51][52] Question: Timing and funding for the Silvertip project - Management envisions a potential restart and expansion of Silvertip, with funding expected to come from off-take financing and operational cash flow [60][66] Question: Confidence in executing multiple projects amid inflationary pressures - Management expressed confidence in executing on priorities, supported by a strong balance sheet, cash flow from operations, and various funding sources [99][110]
Coeur Mining(CDE) - 2021 Q2 - Earnings Call Presentation
2021-07-29 12:14
Financial Highlights - Revenue increased by 39% year-over-year, reaching $214.9 million in 2Q 2021 compared to $154.2 million in 2Q 2020[14] - Adjusted EBITDA increased by 25% year-over-year, reaching $52.7 million in 2Q 2021 compared to $42.2 million in 2Q 2020[14] - LTM Adjusted EBITDA increased by 41% year-over-year, reaching $293.4 million compared to $208.5 million[14] - Cash and cash equivalents increased by 75% year-over-year, from $70.9 million in 2Q 2020 to $124.1 million in 2Q 2021[12, 38] Production Performance - Gold production totaled 87,275 ounces in 2Q 2021[16] - Silver production totaled 2,588 K oz in 2Q 2021[16] - Wharf mine gold production increased by 27% quarter-over-quarter[9] - Rochester mine silver production increased by 15% quarter-over-quarter[9] Capital Allocation and Exploration - Exploration investment increased by 43% year-over-year, reaching $18.6 million in 2Q 2021 compared to $13.0 million in 2Q 2020[14] - The company drilled roughly 320,400 feet (97,675 meters) during 2Q 2021[20] - Full-year 2021 exploration guidance increased to $70 - $80 million[20]
Coeur Mining(CDE) - 2021 Q2 - Quarterly Report
2021-07-27 16:00
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, 2021 OR ☐ Transition Report Pursuant to ...
Coeur Mining (CDE) Presents At 6th Annual Credit & Levearged Finance Virtual Conference - Slideshow
2021-05-21 14:00
Goldman Sachs Leveraged Finance Conference NYSE: CDE 1 JC 2016 May 2021 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, expectations regarding environmental, social and governance ("ESG") initiatives goals and targets, anticipated production, costs and expenses, exploration and development efforts, health and s ...