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 ...

[Part I. Financial Information](index=4&type=section&id=Part%20I.%20Financial%20Information) This section provides the Company's financial statements and management's analysis of financial condition and results of operations [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the Company's unaudited condensed consolidated financial statements, including balance sheets, statements of comprehensive income (loss), cash flows, changes in stockholders' equity, and detailed notes explaining accounting policies, segment performance, and specific financial accounts Condensed Consolidated Balance Sheets (Unaudited) Presents the Company's financial position, detailing assets, liabilities, and equity at specific reporting dates | Metric (in thousands) | Dec 31, 2023 | June 30, 2024 | Change | | :-------------------- | :----------- | :------------ | :----- | | Cash and cash equivalents | $61,633 | $74,136 | +$12,503 | | Total Current Assets | $267,255 | $312,096 | +$44,841 | | Property, plant and equipment and mining properties, net | $1,688,288 | $1,695,951 | +$7,663 | | Total Assets | $2,080,848 | $2,143,049 | +$62,201 | | Total Current Liabilities | $289,613 | $260,298 | -$29,315 | | Total Non-Current Liabilities | $767,332 | $850,943 | +$83,611 | | Total Stockholders' Equity | $1,023,903 | $1,031,808 | +$7,905 | Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) Details the Company's revenues, expenses, net income or loss, and comprehensive income or loss over specific periods | Metric (in thousands, except per share) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :-------------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Revenue | $222,026 | $177,235 | $435,086 | $364,533 | | Total Costs and Expenses | $205,350 | $182,301 | $421,767 | $385,688 | | Net Income (Loss) | $1,426 | $(32,412) | $(27,691) | $(56,998) | | Basic Income (Loss) Per Share | $0.00 | $(0.10) | $(0.07) | $(0.18) | | Comprehensive Income (Loss) | $7,573 | $(18,346) | $(29,022) | $(59,994) | Condensed Consolidated Statements of Cash Flows (Unaudited) Outlines the Company's cash inflows and outflows from operating, investing, and financing activities | Metric (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :-------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Net income (loss) | $1,426 | $(32,412) | $(27,691) | $(56,998) | | Cash Provided by (Used in) Operating Activities | $15,249 | $39,397 | $(622) | $4,394 | | Cash Provided by (Used in) Investing Activities | $(51,553) | $(75,634) | $(93,679) | $(104,951) | | Cash Provided by (Used in) Financing Activities | $43,316 | $25,861 | $107,135 | $95,296 | | Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | $6,651 | $(10,123) | $12,513 | $(4,609) | | Cash, cash equivalents and restricted cash at end of period | $75,891 | $58,560 | $75,891 | $58,560 | Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) Summarizes changes in equity components, including common stock, additional paid-in capital, and accumulated deficit | Metric (in thousands) | Balances at Dec 31, 2023 | Balances at June 30, 2024 | | :-------------------- | :----------------------- | :------------------------ | | Common Stock Par Value | $3,863 | $3,992 | | Additional Paid-In Capital | $4,139,870 | $4,176,668 | | Accumulated Deficit | $(3,121,161) | $(3,148,852) | | Accumulated Other Comprehensive Income (Loss) | $1,331 | $0 | | Total Stockholders' Equity | $1,023,903 | $1,031,808 | - Issuance of flow-through shares: **7,705 thousand shares** issued, contributing **$22,985 thousand** to total equity (Six Months Ended March 31, 2024)[15](index=15&type=chunk) Notes to Condensed Consolidated Financial Statements (Unaudited) Provides detailed explanations and disclosures supporting the condensed consolidated financial statements NOTE 1 - BASIS OF PRESENTATION Outlines the accounting principles and basis used for preparing the interim condensed consolidated financial statements - The interim condensed consolidated financial statements are unaudited and prepared in accordance with U.S. GAAP[18](index=18&type=chunk) - Results reported in these interim statements may not be indicative of the results for the full year ending December 31, 2024[18](index=18&type=chunk) NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Describes the key accounting policies, estimates, and assumptions applied in the financial statements - Preparation of financial statements requires significant estimates and assumptions, particularly for metal prices, mineral reserves, environmental obligations, and fair value of financial instruments[19](index=19&type=chunk) - Ore on leach pads is valued at the lower of cost or net realizable value using a weighted average cost method; historical cost of metal expected within 12 months is current, beyond 12 months is non-current[20](index=20&type=chunk)[21](index=21&type=chunk) - In Q1 2024, an upward revision added **6,000 ounces of gold** and **900,000 ounces of silver** to Rochester legacy leach pads due to longer expected leach time and favorable recoveries[23](index=23&type=chunk) - As of June 30, 2024, estimated recoverable ounces on leach pads were **38,092 gold ounces** and **5.6 million silver ounces**[23](index=23&type=chunk) - The Company is evaluating ASU 2023-07 (Segment Reporting) and ASU 2023-09 (Income Taxes) for potential impact on financial statements[24](index=24&type=chunk)[25](index=25&type=chunk) NOTE 3 – SEGMENT REPORTING Provides financial information for the Company's operating segments, including metal sales and long-lived assets by region - Operating segments include Palmarejo, Rochester, Kensington, Wharf mines (gold/silver production), and Silvertip (silver, zinc, lead exploration)[27](index=27&type=chunk) Total Metal Sales and Net Income (Loss) by Segment (in thousands) | Metric (in thousands) | Three Months Ended June 30, 2024 | | :-------------------- | :------------------------------- | | Total Metal Sales | $222,026 | | Palmarejo Metal Sales | $83,246 | | Rochester Metal Sales | $42,764 | | Kensington Metal Sales | $51,054 | | Wharf Metal Sales | $44,962 | | Net Income (Loss) | $1,426 | | Palmarejo Net Income (Loss) | $15,119 | | Rochester Net Income (Loss) | $(6,793) | | Kensington Net Income (Loss) | $887 | | Wharf Net Income (Loss) | $20,469 | | Silvertip Net Income (Loss) | $(9,625) | | Total Capital Expenditures | $51,405 | Long-Lived Assets by Region (in thousands) | Long-Lived Assets (in thousands) | June 30, 2024 | | :------------------------------- | :------------ | | United States | $1,218,875 | | Mexico | $248,549 | | Canada | $228,373 | | Other | $154 | | Total | $1,695,951 | NOTE 4 – RECEIVABLES Details the composition of current and non-current receivables, including trade, VAT, and income tax receivables Receivables (in thousands) | Receivables (in thousands) | Dec 31, 2023 | June 30, 2024 | | :------------------------- | :----------- | :------------ | | Current receivables: | | | | Trade receivables | $3,858 | $7,404 | | VAT receivable | $15,634 | $14,899 | | Income tax receivable | $10,207 | $9,388 | | Non-current receivables: | | | | Other tax receivable | $9,111 | $9,111 | | Deferred cash consideration | $834 | $834 | | Contingent consideration | $13,195 | $13,195 | | Total receivables | $54,175 | $55,227 | NOTE 5 – INVENTORY AND ORE ON LEACH PADS Presents the breakdown of inventory, including concentrate, precious metals, supplies, and ore on leach pads Inventory and Ore on Leach Pads (in thousands) | Inventory and Ore on Leach Pads (in thousands) | Dec 31, 2023 | June 30, 2024 | | :--------------------------------------------- | :----------- | :------------ | | Inventory: | | | | Concentrate | $3,606 | $3,187 | | Precious metals | $20,395 | $19,413 | | Supplies | $52,660 | $54,296 | | Ore on Leach Pads: | | | | Current | $79,400 | $116,897 | | Non-current | $25,987 | $41,226 | | Long-term Stockpile (included in Other) | $46,702 | $41,714 | | Total Inventory and Ore on Leach Pads | $228,750 | $276,733 | - In Q1 2024, a **$4.0 million** non-cash write-down (**$3.2 million** in Costs applicable to sales, **$0.8 million** in Amortization) was recognized for Rochester's stockpile due to its cost exceeding net realizable value[38](index=38&type=chunk) NOTE 6 – PROPERTY, PLANT AND EQUIPMENT AND MINING PROPERTIES, NET Details the Company's property, plant, equipment, and mining properties, net of accumulated depreciation and amortization Property, Plant and Equipment and Mining Properties, Net (in thousands) | Property, Plant and Equipment and Mining Properties, Net (in thousands) | Dec 31, 2023 | June 30, 2024 | | :-------------------------------------------------------------------- | :----------- | :------------ | | Mine development | $1,358,189 | $1,394,378 | | Mineral interests | $809,912 | $809,912 | | Land | $8,318 | $9,000 | | Facilities and equipment | $947,435 | $1,444,949 | | Construction in progress | $612,865 | $153,476 | | Total | $3,736,719 | $3,811,715 | | Accumulated depreciation, depletion and amortization | $(2,048,431) | $(2,115,764) | | Property, plant and equipment and mining properties, net | $1,688,288 | $1,695,951 | - Commissioning of Rochester's new three-stage crushing circuit and truck load-out facility was completed on March 7, 2024, with **$528 million** of construction in process placed into service[39](index=39&type=chunk) - Rochester successfully completed the ramp-up of all three stages of the crushing circuit by the end of Q2 2024, achieving daily throughput rates of over **88,000 tons per day**[39](index=39&type=chunk) NOTE 7 – DEBT Provides information on the Company's debt instruments, including senior notes, revolving credit facility, and finance lease obligations Debt (in thousands) | Debt (in thousands) | Dec 31, 2023 (Current) | Dec 31, 2023 (Non-Current) | June 30, 2024 (Current) | June 30, 2024 (Non-Current) | | :------------------ | :--------------------- | :------------------------- | :---------------------- | :-------------------------- | | 2029 Senior Notes, net | $0 | $295,115 | $0 | $289,691 | | Revolving Credit Facility | $0 | $175,000 | $0 | $275,000 | | Finance lease obligations | $22,636 | $52,559 | $22,213 | $42,423 | | Total | $22,636 | $522,674 | $22,213 | $607,114 | - In March 2024, the Company exchanged **$5.9 million** of 2029 Senior Notes for **1.8 million shares** of common stock, resulting in a **$0.4 million gain** on debt extinguishment[42](index=42&type=chunk) - At June 30, 2024, the Company had **$275.0 million** drawn on its **$400.0 million** revolving credit facility (RCF), with **$95.5 million** available[43](index=43&type=chunk) - The RCF term was extended to February 2027 and increased by **$10 million** to **$400 million** in February 2024[44](index=44&type=chunk) Interest Expense (in thousands) | Interest Expense (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :------------------------------ | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | 2029 Senior Notes | $3,755 | $4,507 | $7,575 | $9,312 | | Revolving Credit Facility | $7,518 | $3,779 | $13,972 | $6,525 | | Finance lease obligations | $997 | $908 | $2,256 | $1,753 | | Total interest expense, net of capitalized interest | $13,162 | $6,912 | $26,109 | $14,301 | NOTE 8 – RECLAMATION Details changes in the asset retirement obligation, reflecting accretion and settlements related to reclamation activities Reclamation (in thousands) | Reclamation (in thousands) | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :------------------------- | :----------------------------- | :----------------------------- | | Asset retirement obligation - Beginning | $214,013 | $202,431 | | Accretion | $8,230 | $8,066 | | Settlements | $(2,326) | $(2,537) | | Asset retirement obligation - Ending | $219,917 | $207,960 | NOTE 9 - INCOME AND MINING TAXES Presents the Company's income and mining tax expense or benefit, effective tax rates, and factors influencing tax fluctuations Income and Mining Tax (in thousands) | Income and Mining Tax (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :----------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Income (loss) before tax | $8,615 | $(22,546) | $(4,478) | $(36,424) | | Tax (expense) benefit | $(7,189) | $(9,866) | $(23,213) | $(20,574) | | Effective Tax Rate | **83.4%** | **(43.8)%** | **(518.4)%** | **(56.5)%** | - The effective tax rate fluctuates due to mining taxes, variations in income before taxes, geographic distribution of income, percentage depletion, foreign exchange rates, prior year asset sales, and uncertain tax positions[48](index=48&type=chunk)[118](index=118&type=chunk) - A valuation allowance is provided for deferred tax assets for which realization of benefits is not more likely than not[49](index=49&type=chunk) NOTE 10 – STOCK-BASED COMPENSATION Details stock-based compensation expense, unrecognized costs, and information on restricted stock and performance share grants Stock-Based Compensation (in thousands) | Stock-Based Compensation (in thousands) | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :-------------------------------------- | :----------------------------- | :----------------------------- | | Stock-based compensation expense | $6,900 | $5,800 | - At June 30, 2024, there was **$13.0 million** of unrecognized stock-based compensation cost, expected to be recognized over a weighted-average remaining vesting period of **1.8 years**[51](index=51&type=chunk) - Grants awarded on February 26, 2024, included **3,087,822 restricted stock** and **2,050,899 performance shares**[51](index=51&type=chunk) NOTE 11 – FAIR VALUE MEASUREMENTS Explains the fair value hierarchy and presents fair value measurements for financial assets and liabilities - Fair value hierarchy prioritizes Level 1 (quoted prices in active markets), Level 2 (quoted prices in inactive markets or observable inputs), and Level 3 (unobservable inputs)[53](index=53&type=chunk) Fair Value of Assets and Liabilities (in thousands) | Fair Value (in thousands) | June 30, 2024 (Total) | June 30, 2024 (Level 2) | Dec 31, 2023 (Total) | Dec 31, 2023 (Level 2) | | :------------------------ | :-------------------- | :---------------------- | :------------------- | :--------------------- | | Assets: | | | | | | Provisional metal sales contracts | $41 | $41 | $318 | $318 | | Silver forwards | $0 | $0 | $3,312 | $3,312 | | Liabilities: | | | | | | Provisional metal sales contracts | $231 | $231 | $0 | $0 | | Gold forwards | $0 | $0 | $1,981 | $1,981 | Financial Liabilities (in thousands) | Financial Liabilities (in thousands) | Book Value (June 30, 2024) | Fair Value (June 30, 2024) | Book Value (Dec 31, 2023) | Fair Value (Dec 31, 2023) | | :----------------------------------- | :------------------------- | :------------------------- | :------------------------ | :------------------------ | | 2029 Senior Notes | $289,691 | $271,720 | $295,115 | $271,272 | | Revolving Credit Facility | $275,000 | $275,000 | $175,000 | $175,000 | NOTE 12 – DERIVATIVE FINANCIAL INSTRUMENTS & HEDGING ACTIVITIES Discusses the Company's derivative financial instruments and hedging activities, including reclassification adjustments and provisional sales contracts - The Company's gold and silver hedging program was completed during Q2 2024, with no outstanding derivative cash flow hedge instruments at June 30, 2024[61](index=61&type=chunk)[97](index=97&type=chunk) Reclassification Adjustments from AOCI to Earnings (in thousands) | Reclassification Adjustments from AOCI to Earnings (in thousands) | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :---------------------------------------------------------------- | :----------------------------- | :----------------------------- | | Gold forwards | $12,867 | $(892) | | Silver forwards | $4,309 | $(2,018) | | Total | $17,176 | $(2,910) | - At June 30, 2024, the Company had outstanding provisional gold sales contracts for **12,313 ounces** at an average price of **$2,346 per ounce**[66](index=66&type=chunk)[187](index=187&type=chunk) - A mark-to-market gain of **$1.0 million** on provisional metal sales contracts was recognized during the three months ended June 30, 2024[187](index=187&type=chunk) NOTE 13 – ADDITIONAL COMPREHENSIVE INCOME (LOSS) DETAIL Provides a detailed breakdown of components contributing to comprehensive income or loss, including pre-development and foreign exchange Pre-development, Reclamation, and Other (in thousands) | Pre-development, reclamation, and other (in thousands) | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :----------------------------------------------------- | :----------------------------- | :----------------------------- | | Silvertip ongoing carrying costs | $4,416 | $10,789 | | (Gain) loss on sale of assets | $4,176 | $312 | | Asset retirement accretion | $8,230 | $8,066 | | Kensington royalty settlement | $6,750 | $0 | | Other | $3,246 | $2,083 | | Total | $26,818 | $21,250 | Other, Net (in thousands) | Other, net (in thousands) | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :------------------------ | :----------------------------- | :----------------------------- | | Foreign exchange gain (loss) | $1,724 | $(527) | | Gain (loss) on dispositions | $0 | $(12,319) | | Flow-through shares | $3,945 | $0 | | RMC bankruptcy distribution | $1,199 | $1,516 | | Other | $1,027 | $762 | | Total | $7,895 | $(10,568) | NOTE 14 – NET INCOME (LOSS) PER SHARE Presents the calculation of basic and diluted net income or loss per share, including weighted average shares outstanding Net Income (Loss) Per Share (in thousands, except per share) | Net Income (Loss) Per Share (in thousands, except per share) | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :----------------------------------------------------------- | :----------------------------- | :----------------------------- | | Net income (loss) available to common stockholders | $(27,691) | $(56,998) | | Basic weighted average shares | 389,403 | 317,105 | | Diluted weighted average shares | 389,403 | 317,105 | | Basic income (loss) per share | $(0.07) | $(0.18) | | Diluted income (loss) per share | $(0.07) | $(0.18) | - In March 2024, the Company completed a private placement offering of **7,704,725 flow-through shares**, raising **$23.7 million** in net proceeds for Silvertip exploration[74](index=74&type=chunk)[141](index=141&type=chunk) - During the six months ended June 30, 2024, the Company recognized **$3.9 million** in income related to the FT Premium Liability[74](index=74&type=chunk)[117](index=117&type=chunk) NOTE 15 - SUPPLEMENTAL GUARANTOR INFORMATION Provides summarized financial information for the Obligor Group, including the parent company and subsidiary guarantors - The Obligor Group consists of Coeur Mining, Inc. (parent) and its 100% owned Subsidiary Guarantors, which provide full and unconditional guarantees for the 2029 Senior Notes[76](index=76&type=chunk) Summarized Statements of Income (in thousands) | Summarized Statements of Income (in thousands) | Six Months Ended June 30, 2024 | | :--------------------------------------------- | :----------------------------- | | Coeur Mining, Inc. Revenue | $0 | | Subsidiary Guarantors Revenue | $255,462 | | Coeur Mining, Inc. Net income (loss) | $(27,691) | | Subsidiary Guarantors Net income (loss) | $6,361 | NOTE 16 – COMMITMENTS AND CONTINGENCIES Details the Company's commitments and contingencies, including legal proceedings, stream agreements, and surety bonds - The Company is engaged in ongoing efforts to recover **$28.7 million** in principal from the Mexican government related to unduly paid VAT, including initiating NAFTA arbitration[80](index=80&type=chunk) - Coeur Mexicana sells **50%** of Palmarejo gold production to Franco-Nevada under a gold stream agreement, with a remaining deferred revenue balance of **$6,666 thousand** at June 30, 2024[81](index=81&type=chunk)[83](index=83&type=chunk) - The Company received **$30.175 million** in additional metal sales prepayments in Q2 2024, with a remaining contract liability balance of **$43,282 thousand** at June 30, 2024[85](index=85&type=chunk)[86](index=86&type=chunk) - In March 2024, the Company settled litigation regarding the Kensington mine royalty, amending terms to decrease the effective rate and agreeing to issue up to **2,455,000 common shares**[87](index=87&type=chunk)[88](index=88&type=chunk) - On July 8, 2024, the Company closed the acquisition of mining concessions adjacent to the Palmarejo mine from Fresnillo plc for approximately **$25 million**, with **$10 million** paid at closing[89](index=89&type=chunk) - As of June 30, 2024, the Company had **$343.6 million** in surety bonds outstanding for environmental remediation, reclamation, and other purposes[90](index=90&type=chunk) NOTE 17 – ADDITIONAL BALANCE SHEET DETAIL AND SUPPLEMENTAL CASH FLOW INFORMATION Provides further detail on accrued liabilities, other balance sheet items, and supplemental cash flow disclosures Accrued Liabilities and Other (in thousands) | Accrued Liabilities and Other (in thousands) | Dec 31, 2023 | June 30, 2024 | | :------------------------------------------- | :----------- | :------------ | | Accrued salaries and wages | $31,722 | $23,294 | | Flow-through share premium received | $5,563 | $2,467 | | Deferred revenue | $55,547 | $43,784 | | Income and mining taxes | $11,766 | $14,731 | | Kensington royalty settlement | $0 | $3,750 | | Accrued operating costs | $11,081 | $12,238 | | Unrealized losses on derivatives | $1,981 | $231 | | Taxes other than income and mining | $5,321 | $2,974 | | Accrued interest payable | $7,957 | $9,596 | | Operating lease liabilities | $9,975 | $6,743 | | Total Accrued liabilities and other | $140,913 | $119,808 | Cash, Cash Equivalents, and Restricted Cash (in thousands) | Cash, Cash Equivalents, and Restricted Cash (in thousands) | June 30, 2024 | June 30, 2023 | | :--------------------------------------------------------- | :------------ | :------------ | | Cash and cash equivalents | $74,136 | $56,845 | | Restricted cash equivalents | $1,755 | $1,715 | | Total cash, cash equivalents and restricted cash | $75,891 | $58,560 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on the Company's financial condition and operational results, including an overview, consolidated financial results, detailed results of operations by segment, liquidity, capital resources, and non-GAAP financial performance measures Consolidated Financial Results Analyzes the Company's overall financial performance, comparing results across different reporting periods and providing future guidance Three Months Ended June 30, 2024 compared to Three Months March 31, 2024 Compares the Company's financial performance for the second quarter of 2024 against the first quarter, highlighting key changes - Revenue increased by **$9.0 million (4%)** to **$222.0 million**, driven by **7% higher average realized gold prices** and **11% higher average realized silver prices**, partially offset by a **6% decrease in gold ounces sold**[99](index=99&type=chunk)[100](index=100&type=chunk) - Net income improved from a net loss of **$29.1 million** (Q1 2024) to a net income of **$1.4 million** (Q2 2024)[109](index=109&type=chunk) - Adjusted EBITDA increased by **18.0%** from **$44.3 million** (Q1 2024) to **$52.4 million** (Q2 2024)[98](index=98&type=chunk) - Costs applicable to sales decreased by **$1.3 million (1%)** due to lower gold ounces sold, favorable foreign exchange rates at Palmarejo, and a lower of cost or net realizable value (LCM) adjustment at Rochester[102](index=102&type=chunk) - Pre-development, reclamation, and other expenses decreased by **$9.6 million (53%)** due to the completion of legacy crusher dismantling at Rochester and the Kensington royalty settlement[104](index=104&type=chunk) - The Company's gold and silver hedging program concluded as of June 30, 2024, with the Company now fully exposed to commodity prices[97](index=97&type=chunk)[99](index=99&type=chunk) Six Months Ended June 30, 2024 compared to Six Months Ended June 30, 2023 Compares the Company's financial performance for the first half of 2024 against the same period in 2023, noting significant trends - Revenue increased by **$70.6 million (19%)** to **$435.1 million**, driven by **15% higher gold ounces sold**, **5% higher silver ounces sold**, and **7%** and **6%** increases in average realized gold and silver prices, respectively[110](index=110&type=chunk)[111](index=111&type=chunk) - Net loss decreased from **$57.0 million** (H1 2023) to **$27.7 million** (H1 2024)[121](index=121&type=chunk) - Adjusted EBITDA increased by **104.3%** from **$47.4 million** (H1 2023) to **$96.7 million** (H1 2024)[98](index=98&type=chunk) - Exploration expense increased by **$15.8 million (209%)** due to planned drilling activity at Palmarejo, Kensington, Wharf, and Silvertip[115](index=115&type=chunk) - Other, net swung from a loss of **$10.6 million** (H1 2023) to a gain of **$7.9 million** (H1 2024), benefiting from FT Premium Liability income and the absence of the La Preciosa Deferred Consideration loss[117](index=117&type=chunk) 2024 Guidance Provides updated production, cost, capital, exploration, and general and administrative expense guidance for the full year 2024 Production Guidance | Production Guidance | Gold (oz) | Silver (K oz) | | :------------------ | :-------------------- | :------------------ | | Palmarejo | 95,000 - 103,000 | 5,900 - 6,700 | | Rochester | 37,000 - 50,000 | 4,800 - 6,600 | | Kensington | 92,000 - 106,000 | — | | Wharf | 86,000 - 96,000 | — | | Total | 310,000 - 355,000 | 10,700 - 13,300 | 2024 Costs Applicable to Sales Guidance (Updated) | 2024 Costs Applicable to Sales Guidance (Updated) | | | | :------------------------------------------------ | :------------------ | :------------------ | | | Gold ($/oz) | Silver ($/oz) | | Palmarejo (co-product) | $950 - $1,150 | $15.50 - $16.50 | | Second Half 2024 Rochester (co-product) | $1,500 - $1,700 | $18.00 - $20.00 | | Kensington | $1,525 - $1,725 | — | | Wharf (by-product) | $950 - $1,050 | — | 2024 Capital, Exploration and G&A Guidance (Updated) | 2024 Capital, Exploration and G&A Guidance (Updated) | | | :--------------------------------------------------- | :------------------ | | Capital Expenditures, Sustaining | $124 - $158 | | Capital Expenditures, Development | $36 - $42 | | Exploration, Expensed | $40 - $50 | | Exploration, Capitalized | $15 - $20 | | General & Administrative Expenses | $36 - $40 | - Development capital expenditures increased due to accelerated timing of certain equipment purchases and final payments related to the Rochester expansion[97](index=97&type=chunk)[122](index=122&type=chunk) - Exploration guidance increased to reflect additional investment at Wharf and Kensington based on recent results[97](index=97&type=chunk)[122](index=122&type=chunk) Results of Operations Details the operational performance and financial results of each individual mining segment Palmarejo Reviews gold and silver production, mill throughput, recovery rates, and costs applicable to sales for the Palmarejo mine - Gold production decreased **23% QoQ** to **25,467 ounces** (Q2 2024) due to lower mill throughput and recovery rates[128](index=128&type=chunk) - Silver production decreased **12% QoQ** to **1,596,138 ounces** (Q2 2024)[128](index=128&type=chunk) - Gold production increased **21% YoY** (H1 2024) to **58,627 ounces** due to higher grades and recoveries[129](index=129&type=chunk) - Costs applicable to sales (CAS) per gold ounce decreased **2% YoY** (H1 2024) to **$958/oz**[127](index=127&type=chunk)[129](index=129&type=chunk) Rochester Examines gold and silver production, crusher commissioning, throughput rates, and costs applicable to sales for the Rochester mine - Gold and silver production increased **39% QoQ**, driven by the commissioning and ramp-up of the new three-stage crusher[131](index=131&type=chunk) - The new crushing circuit achieved throughput rates of over **88,000 tons per day** by the end of Q2 2024[131](index=131&type=chunk) - CAS per gold ounce decreased **15% YoY** (H1 2024) to **$1,821/oz** due to favorable impact of estimated recoverable ounces and LCM adjustments[130](index=130&type=chunk)[132](index=132&type=chunk) Kensington Analyzes gold production, mill throughput, recovery rates, costs applicable to sales, and capital expenditures for the Kensington mine - Gold production increased **8% QoQ** to **23,202 ounces** (Q2 2024) due to **9% higher mill throughput** and higher recovery rates[134](index=134&type=chunk) - Gold production increased **33% YoY** (H1 2024) to **44,636 ounces** due to **17% higher grade** and **14% higher mill throughput**[135](index=135&type=chunk) - CAS per gold ounce decreased **20% YoY** (H1 2024) to **$1,789/oz**[133](index=133&type=chunk)[135](index=135&type=chunk) - Capital expenditures increased to **$29.7 million** (H1 2024) for the multi-year underground development and exploration program[135](index=135&type=chunk) Wharf Reports gold production, grades, recovery timing, and costs applicable to sales for the Wharf mine - Gold production increased **8% QoQ** to **22,021 ounces** (Q2 2024) driven by higher grade and timing of recoveries[136](index=136&type=chunk) - Gold production increased **3% YoY** (H1 2024) to **42,416 ounces** due to higher tons placed and timing of recoveries[137](index=137&type=chunk) - CAS per gold ounce decreased **28% QoQ** to **$829/oz** (Q2 2024) due to higher grade and lower operating costs[136](index=136&type=chunk) - CAS per gold ounce decreased **17% YoY** (H1 2024) to **$991/oz**[136](index=136&type=chunk)[137](index=137&type=chunk) Silvertip Details exploration expenses, underground mine development, and ongoing carrying costs for the Silvertip project - Exploration expense totaled **$11.7 million** in H1 2024, focused on increasing mineral resources, supported by **271 meters** of underground mine development[138](index=138&type=chunk) - Ongoing carrying costs at Silvertip totaled **$4.4 million** in H1 2024[138](index=138&type=chunk) Liquidity and Capital Resources Assesses the Company's ability to generate and manage cash, fund operations, and meet financial obligations Cash Provided by (Used in) Operating Activities Analyzes cash flows generated or used by the Company's primary business operations, including changes in working capital - Net cash provided by operating activities increased by **$31.1 million QoQ** to **$15.2 million** (Q2 2024) from **$(15.9) million** (Q1 2024)[146](index=146&type=chunk) - Net cash used in operating activities increased by **$5.0 million YoY** (H1 2024) to **$(0.6) million** from **$4.4 million** (H1 2023)[147](index=147&type=chunk) - Adjusted EBITDA increased to **$52.4 million** (Q2 2024) from **$44.3 million** (Q1 2024) and to **$96.7 million** (H1 2024) from **$47.4 million** (H1 2023)[146](index=146&type=chunk) Cash Used in Investing Activities Examines cash flows related to the acquisition and disposal of long-term assets, including capital expenditures - Net cash used in investing activities increased QoQ to **$51.6 million** (Q2 2024) from **$42.1 million** (Q1 2024) due to timing of Rochester expansion payments[148](index=148&type=chunk) - Net cash used in investing activities decreased YoY (H1 2024) to **$93.7 million** from **$105.0 million** (H1 2023)[149](index=149&type=chunk) - Capital expenditures decreased to **$93.5 million** (H1 2024) from **$159.6 million** (H1 2023), primarily due to reduced spending on the Rochester expansion project[149](index=149&type=chunk) Cash Provided by Financing Activities Details cash flows from debt, equity, and other financing transactions, including RCF draws and share offerings - Net cash provided by financing activities decreased QoQ to **$43.3 million** (Q2 2024) from **$63.8 million** (Q1 2024)[150](index=150&type=chunk) - Net cash provided by financing activities increased YoY (H1 2024) to **$107.1 million** from **$95.3 million** (H1 2023)[151](index=151&type=chunk) - H1 2024 financing activities included **$100.0 million** net drawn from the RCF and **$23.7 million** net proceeds from the private placement offering of flow-through shares[151](index=151&type=chunk) Critical Accounting Policies and Accounting Developments Refers to the significant accounting policies and recent accounting pronouncements impacting the financial statements - Refer to Note 2 for details on critical accounting policies and estimates, and accounting developments[152](index=152&type=chunk) Ore on Leach Pads (MD&A) Discusses the valuation and estimated recoverable ounces of ore on leach pads, including revisions and their impact - Ore on leach pads is valued at the lower of cost or net realizable value, with cost determined by a weighted average method[153](index=153&type=chunk)[154](index=154&type=chunk) - In Q1 2024, an upward revision added **6,000 ounces of gold** and **900,000 ounces of silver** to Rochester legacy leach pads due to longer expected leach time and favorable recoveries[155](index=155&type=chunk) - As of June 30, 2024, estimated recoverable ounces on leach pads were **38,092 gold ounces** and **5.6 million silver ounces**[155](index=155&type=chunk) Other Liquidity Matters Addresses the Company's overall liquidity position and potential strategies for managing indebtedness and funding operations - The Company believes its U.S. liquidity and capital resources are adequate to fund U.S. operations and corporate activities[156](index=156&type=chunk) - The Company may issue equity securities or repurchase debt to reduce indebtedness, fund future cash interest payments, or for general working capital purposes[157](index=157&type=chunk) Non-GAAP Financial Performance Measures Presents and reconciles non-GAAP financial measures, such as Adjusted Net Income, EBITDA, Adjusted EBITDA, and Free Cash Flow Adjusted Net Income (Loss) Reconciles net income (loss) to adjusted net income (loss), excluding specific non-recurring or non-cash items Adjusted Net Income (Loss) (in thousands, except per share) | Adjusted Net Income (Loss) (in thousands, except per share) | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :---------------------------------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | | Net income (loss) | $1,426 | $(29,117) | $(27,691) | $(56,998) | | Adjusted net income (loss) | $(3,405) | $(19,021) | $(22,426) | $(53,211) | | Adjusted net income (loss) per share, Diluted | $(0.01) | $(0.05) | $(0.06) | $(0.17) | - Adjustments include fair value adjustments, foreign exchange, gain/loss on asset sales, RMC bankruptcy distribution, debt extinguishment, and other items, with their tax effects[160](index=160&type=chunk) EBITDA and Adjusted EBITDA Reconciles net income (loss) to EBITDA and Adjusted EBITDA, highlighting their use in debt covenants and financial analysis EBITDA and Adjusted EBITDA (in thousands) | EBITDA and Adjusted EBITDA (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :---------------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | | Net income (loss) | $1,426 | $(29,117) | $(27,691) | $(56,998) | | EBITDA | $49,705 | $27,151 | $76,856 | $20,180 | | Adjusted EBITDA | $52,407 | $44,339 | $96,746 | $47,362 | - Adjusted EBITDA is a measure used in the indenture governing the 2029 Senior Notes and the RCF to determine the Company's ability to make certain payments and incur additional indebtedness[162](index=162&type=chunk) Free Cash Flow Calculates free cash flow by subtracting capital expenditures from operating cash flow, indicating cash available for discretionary uses Free Cash Flow (in thousands) | Free Cash Flow (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :---------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | | Cash flow from operations | $15,249 | $(15,871) | $(622) | $4,394 | | Capital expenditures | $51,405 | $42,083 | $93,488 | $159,629 | | Free cash flow | $(36,156) | $(57,954) | $(94,110) | $(155,235) | Operating Cash Flow Before Changes in Working Capital Presents operating cash flow adjusted for changes in working capital, providing a clearer view of core operational cash generation Operating Cash Flow Before Changes in Working Capital (in thousands) | Operating Cash Flow Before Changes in Working Capital (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended March 31, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :------------------------------------------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | :------------------------------- | | Cash provided by (used in) operating activities | $15,249 | $(15,871) | $(622) | $4,394 | | Operating cash flow before changes in working capital | $27,482 | $(30,607) | $(3,125) | $(697) | Costs Applicable to Sales Details the costs directly attributable to metal sales for each mine, including per-ounce costs and updated guidance Costs Applicable to Sales (in thousands, except per ounce) | Costs Applicable to Sales (in thousands, except per ounce) | Three Months Ended June 30, 2024 | | :--------------------------------------------------------- | :------------------------------- | | Costs applicable to sales (U.S. GAAP) | $144,717 | | Palmarejo Gold ($/oz) | $1,012 | | Palmarejo Silver ($/oz) | $15.32 | | Rochester Gold ($/oz) | $1,844 | | Rochester Silver ($/oz) | $21.95 | | Kensington Gold ($/oz) | $1,732 | | Wharf Gold ($/oz) | $829 | Updated 2024 Costs Applicable to Sales Guidance | Updated 2024 Costs Applicable to Sales Guidance | | | | :---------------------------------------------- | :------------------ | :------------------ | | | Gold ($/oz) | Silver ($/oz) | | Palmarejo (co-product) | $950 - $1,150 | $15.50 - $16.50 | | Second Half 2024 Rochester (co-product) | $1,500 - $1,700 | $18.00 - $20.00 | | Kensington | $1,525 - $1,725 | — | | Wharf (by-product) | $950 - $1,050 | — | [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section discusses the Company's exposure to various market risks, including fluctuations in gold and silver prices, foreign currency exchange rates, and interest rates, and outlines strategies used to mitigate these risks, such as hedging Gold and Silver Prices Analyzes the impact of gold and silver price fluctuations on profitability, cash flow, and asset valuations - The Company's profitability, cash flow, and asset values (metal inventory, stockpiles, leach pads, long-lived assets) are significantly impacted by changes in gold and silver market prices[183](index=183&type=chunk) - Significant assumptions for net realizable value at June 30, 2024, included short-term gold price of **$2,338/oz**, long-term gold price of **$1,963/oz**, short-term silver price of **$28.84/oz**, and long-term silver price of **$24.85/oz**[184](index=184&type=chunk) Hedging Discusses the Company's hedging activities for gold and silver, including the conclusion of its hedging program - The Company had no outstanding gold or silver hedging contracts at June 30, 2024, following the conclusion of its hedging program[186](index=186&type=chunk) - For the six months ended June 30, 2024, the Company recognized a loss of **$12.9 million** related to expired gold contracts and **$4.3 million** related to expired silver contracts[186](index=186&type=chunk) Provisional Metal Sales Details outstanding provisionally priced metal sales and the impact of price changes on revenue - At June 30, 2024, the Company had outstanding provisionally priced sales of **12,313 ounces of gold** at an average price of **$2,346**[187](index=187&type=chunk) - Changes in gold prices resulted in a provisional pricing mark-to-market gain of **$1.0 million** during the three months ended June 30, 2024[187](index=187&type=chunk) - A **10% change** in realized gold prices would cause revenue to vary by **$2.9 million**[187](index=187&type=chunk) Foreign Currency Addresses the Company's exposure to foreign currency exchange rate risks from international operations - Operations in Canada, Mexico, and New Zealand expose the Company to foreign currency exchange rate risks, which can significantly impact profitability and cash flow[188](index=188&type=chunk) - The Company had no outstanding foreign currency forward exchange contracts at June 30, 2024[189](index=189&type=chunk) Interest Rates Discusses the Company's management of interest rate exposures on loans and the use of financial instruments - The Company may use financial instruments to manage exposures to changes in interest rates on loans[190](index=190&type=chunk) - The Company had no outstanding interest rate swaps at June 30, 2024[190](index=190&type=chunk) Investment Risk States the Company's position regarding equity securities and associated equity price risk - The Company had no equity securities at June 30, 2024, thus no equity price risk from such investments[191](index=191&type=chunk) [Item 4. Controls and Procedures](index=45&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the effectiveness of the Company's disclosure controls and procedures, concluding they were effective as of June 30, 2024, with no material changes in internal control over financial reporting during the quarter - The Company's disclosure controls and procedures were effective and operating to provide reasonable assurance as of June 30, 2024[191](index=191&type=chunk)[192](index=192&type=chunk) - There have been no material changes in the Company's internal control over financial reporting during the three months ended June 30, 2024[193](index=193&type=chunk) [Part II. Other Information](index=46&type=section&id=Part%20II.%20Other%20Information) This section provides additional disclosures on legal proceedings, risk factors, mine safety, other information, and exhibits [Item 1. Legal Proceedings](index=46&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 16 of the Condensed Consolidated Financial Statements for detailed information regarding the Company's legal proceedings, including ongoing litigation with the Mexican government - Refer to Note 16 -- Commitments and Contingencies for additional details on legal proceedings[195](index=195&type=chunk) [Item 1A. Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) This section directs readers to the 2023 10-K and Q1 2024 10-Q for important risk factors that could materially adversely affect the Company's business, financial condition, or operating results - Refer to the 'Risk Factors' section of the 2023 10-K and the Q1 2024 10-Q for information on important risks and uncertainties[196](index=196&type=chunk) [Item 4. Mine Safety Disclosures](index=46&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Information pertaining to mine safety matters is reported in accordance with Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as detailed in Exhibit 95.1 - Mine safety matters are reported in accordance with Section 1503(a) of the Dodd-Frank Act in Exhibit 95.1[197](index=197&type=chunk) [Item 5. Other Information](index=46&type=section&id=Item%205.%20Other%20Information) During the quarter ended June 30, 2024, no director or Section 16 officer adopted, modified, or terminated any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements - No director or Section 16 officer adopted, modified, or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter ended June 30, 2024[198](index=198&type=chunk) [Item 6. Exhibits](index=46&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications from the CEO and CFO, mine safety disclosures, and XBRL formatted financial information - Includes Certification of the CEO and CFO (Exhibits 31.1, 31.2, 32.1, 32.2)[199](index=199&type=chunk) - Includes Mine Safety Disclosure (Exhibit 95.1)[199](index=199&type=chunk) - Financial information is formatted in XBRL (Extensible Business Reporting Language) as Exhibit 101[200](index=200&type=chunk) [Signatures](index=47&type=section&id=Signatures) The report is duly signed by the Chairman, President and Chief Executive Officer, Senior Vice President and Chief Financial Officer, and Vice President, Corporate Controller and Chief Accounting Officer, dated August 7, 2024 - The report is signed by Mitchell J. Krebs (Chairman, President and CEO), Thomas S. Whelan (SVP and CFO), and Ken Watkinson (VP, Corporate Controller and Chief Accounting Officer)[202](index=202&type=chunk) - The report is dated August 7, 2024[202](index=202&type=chunk)

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 ...

Coeur Mining (CDE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as thes ...

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Coeur Mining is currently sporting a Zacks Rank of #2 (Buy). Another Basic Materials stock, which has outperformed the sector so far this year, is Hecla Mining (HL) . The stock has returned 20.6% year-to-date. In contrast, Hecla Mining falls under the Mining - S ...

Source: Own Processing Precious metals royalty and streaming companies represent a very interesting sub-industry of the precious metals mining industry. They provide some leverage to the growing metals prices, similar to the typical mining companies; however, they are less risky in comparison to them. Their incomes are derived from royalty and streaming agreements. Under a metal streaming agreement, the streaming company provides an upfront payment to acquire the right to future deliveries of a predefined p ...