Coeur Mining Provides Operational Updates on Rochester Mine

Core Insights - Coeur Mining, Inc. has provided an operational update indicating positive developments at the Rochester silver-gold mine, including increased throughput and progress in reducing crushing size, which sets the stage for a strong second-half performance [1][2] Operational Update - The new three-stage crushing circuit at Rochester has significantly increased flexibility, with nearly 2.7 million tons placed on the new Stage VI leach pad in August 2024, representing a 39% increase from the previous month [2] - The three-stage crusher is fully operational, with a focus now on optimizing particle sizing for the second half of the year, exceeding initial expectations [3] Production Outlook - Rochester is on track to meet its full-year production targets of 4.8-6.6 million ounces of silver and 37,000-50,000 ounces of gold, with ongoing efforts to refine material crush size for optimal recovery rates into 2025 [4] Exploration Potential - Recent exploration activities within the current mining footprint are expected to enhance the grade potential of Rochester's mine plan, contributing to long-term success [5] Financial Performance - Coeur Mining reported a second-quarter 2024 loss of 1 cent per share, which is an improvement compared to the Zacks Consensus Estimate of a loss of 2 cents and a loss of 6 cents in Q2 2023 [6] - The company generated revenues of $222 million for the quarter ended June 2024, falling short of the Zacks Consensus Estimate of $236 million, but showing an increase from $177 million in the same quarter last year [6] Share Price Performance - Coeur Mining's shares have increased by 208.5% over the past year, significantly outperforming the industry average growth of 14.3% [7]