Welcome to our dedicated page for Coeur Mining news (Ticker: CDE), a resource for investors and traders seeking the latest updates and insights on Coeur Mining stock.
Coeur Mining, Inc. (NYSE: CDE) stands as the largest U.S.-based silver producer and a notable gold producer, employing around 2,100 people. The company operates five principal precious metals mines across the Americas, contributing significantly to the mining sector.
Coeur Mining's portfolio includes the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota. These operations are fully owned and have been pivotal in cementing Coeur's reputation in the mining industry.
Additionally, Coeur Mining holds a non-operating interest in the Endeavor mine in Australia and enjoys royalties from the Cerro Bayo mine in Chile, the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. This diversified portfolio ensures a steady stream of revenue and reduces dependency on a single operation.
Coeur Mining is also advancing two silver-gold feasibility stage projects: the La Preciosa project in Mexico and the Joaquin project in Argentina. These projects are set to enhance the company's production capabilities and strengthen its presence in the precious metals market.
The company's exploration activities span across Alaska, Argentina, Bolivia, Mexico, and Nevada, reflecting its commitment to discovering new resources and expanding its reserves. Furthermore, Coeur holds strategic investment positions in several silver and gold development companies, underscoring its forward-looking investment strategy.
Financially, Coeur Mining generates most of its revenue from the sale of gold and silver. The company's continuous investments in exploration, coupled with its diverse asset portfolio, position it as a resilient player in the precious metals industry.
Coeur Mining (NYSE: CDE) has reported significant progress at its expanded Rochester silver-gold mine in Nevada. Key highlights include:
- Placement rates increased 39% in August to 2.7 million tons
- On track to place 7.0 – 8.0 million tons per quarter in H2 2024
- 2024 production guidance maintained at 4.8 – 6.6 million ounces of silver and 37,000 – 50,000 ounces of gold
- Particle size optimization efforts exceeding expectations, trending towards year-end target of 80% passing 5/8 inch
- Current average particle size distribution at 80% passing 3/4 inch
The company expects these improvements to be a key catalyst for generating positive free cash flow in H2 2024. Recent exploration success within the current mining footprint provides potential for higher-grade upside to the mine plan.
Coeur Mining (NYSE: CDE) has announced its participation in the Gold Forum Americas, an exclusive investment conference. The company's Chairman, President, and CEO, Mitchell J. Krebs, is scheduled to present on Monday, September 16, 2024, at 9:10 a.m. Mountain Time in Colorado Springs, Colorado.
This event provides Coeur Mining with a platform to showcase its operations and strategies to potential investors and industry professionals. The company has stated that presentation materials will be made available on their official website, www.coeur.com, allowing interested parties who cannot attend the conference to access the information.
Coeur Mining (NYSE: CDE) reported its second quarter 2024 financial results, with revenue hitting $222 million and a GAAP net income of $1 million. Adjusted EBITDA was $52 million, while the net loss from continuing operations stood at $3 million.
Key Achievements: The Rochester ramp-up hit throughput rates of over 88,000 tons/day. Both gold and silver production at Rochester rose by 39% QoQ. Average realized gold and silver prices increased by 11% and 10% respectively year-over-year.
Development Highlights: Exploration at Kensington is ongoing, targeting a reserve-based mine life of five years by year-end. The company completed the acquisition of concessions near Palmarejo for $25 million, unlocking significant potential. The hedging program concluded, leaving Coeur fully exposed to commodity prices going forward.
Despite strong performance in several areas, the company remains focused on improving cost management and achieving positive free cash flow in the latter half of 2024.
Coeur Mining has announced the successful completion of ramp-up activities at its Rochester silver and gold mine in Nevada. The mine now achieves a daily throughput rate of 88,000 tons, positioning it to significantly impact the company's financials in the second half of the year. The ramp-up marks a milestone, with 4.3 million tons of ore placed on the new Stage 6 leach pad in Q2, totaling 15.5 million tons. Despite lighter-than-planned crushing and placement rates, mining rates exceeded expectations.
Coeur forecasts throughput levels to reach approximately 32 million tons annually at full capacity, making Rochester one of the largest open pit heap leach operations globally and the largest domestic source of refined silver. The company will release its Q2 2024 operational and financial results on August 7, 2024, followed by a conference call on August 8, 2024.
Coeur Mining, a prominent player on the NYSE under the ticker CDE, has announced it will disclose its second quarter 2024 operational and financial outcomes post-market close on August 7, 2024. The company plans to hold a conference call on August 8, 2024, at 11:00 a.m. Eastern Time. Key executives, including Chairman and CEO Mitchell J. Krebs, CFO Thomas S. Whelan, COO Michael Routledge, and SVP of Exploration Aoife McGrath, will discuss the results. A replay of the call will be accessible until August 15, 2024. Dial-in details for the call and replay are provided for U.S., Canada, and International participants.
Coeur Mining reported positive exploration results at its Kensington gold mine in Alaska, showing promising expansions in both the Elmira and Kensington deposits. Notable drill intercepts include 10.4 feet at 1.00 ounces per ton (oz/t) gold in Elmira South and 29.6 feet at 0.41 oz/t gold in Lower Kensington. The discoveries indicate a potential mine life extension beyond five years. Elmira Main and South zones are now connected, with additional exploration drifts planned for Zone 50 in Lower Kensington by the end of 2024. CEO Mitchell J. Krebs highlighted the findings as a validation of the multi-year development program begun in mid-2022, aimed at increasing the mine’s operational flexibility and free cash flow generation.
Coeur Mining (NYSE: CDE) has announced its participation in the RBC Capital Markets Global Mining and Materials Conference on June 13, 2024. CEO Mitchell J. Krebs will represent the company at this invitation-only event. Presentation materials from Coeur will be accessible on their website.
Coeur Mining, Inc. will have its Senior VP and CFO, Thomas S. Whelan, and Senior VP and COO, Michael 'Mick' Routledge, participate in the Canaccord Global Metals & Mining Conference in La Quinta, California on May 9, 2024. The conference is an invitation-only event focusing on investments.
Coeur Mining, Inc. reported Q1 2024 financial results with revenue of $213 million and net loss of $29 million. The company achieved commercial production at Rochester, saw production increases, and published its 2023 ESG Report. EBITDA was $44 million with a 76% increase year-over-year.
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