Welcome to our dedicated page for Coeur Mng news (Ticker: CDE), a resource for investors and traders seeking the latest updates and insights on Coeur Mng stock.
CDE news coverage focuses on Coeur Mining, Inc.’s role as a U.S.-based precious metals producer and on developments across its gold and silver operations in North America. Company announcements highlight activity at its five wholly owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota, as well as the Silvertip polymetallic critical minerals exploration project in British Columbia.
Investors following Coeur Mining news can expect regular updates on quarterly and full-year financial results, production levels for gold and silver, and related operating metrics. The company issues press releases and files Form 8-K reports to announce earnings, refine production and cost guidance, and discuss cash flow and capital allocation. These communications provide insight into how each mine contributes to consolidated revenue and production.
News about Coeur also covers exploration progress, particularly at the Palmarejo gold-silver complex, where the company has described its largest exploration campaign in years. Releases detail drilling results, extensions of mineralized vein systems, and new discoveries in areas such as San Miguel, La Unión, and the Camuchín trend in East Palmarejo.
Another key theme in CDE news is corporate and strategic activity. Coeur has announced a definitive arrangement agreement to acquire New Gold Inc. in a stock-for-stock transaction, with the goal of creating an all North American precious metals company with a portfolio of seven operations, subject to required approvals. The company also frequently reports participation in investor and precious metals conferences, where its leadership team presents to institutional audiences. For an ongoing view of these developments, readers can review the latest press releases and regulatory disclosures linked to CDE.
Coeur Mining (NYSE: CDE) will participate in a virtual non-deal roadshow on June 27, 2022, at 9:00 a.m. CT (10:00 a.m. ET), led by its President and CEO Mitchell J. Krebs. The event is hosted by Renmark Financial Communications Inc. and aims to provide insights into the company's operations and strategy.
Interested participants can register for the event through the provided link. Live attendance might be limited, but a replay will be accessible on Renmark's website afterward.
Coeur Mining (NYSE: CDE) announces that its CFO, Thomas S. Whelan, will participate in the RBC Capital Markets Global Mining and Materials Conference on June 9, 2022. This invitation-only event is focused on investment opportunities in the mining sector. Presentation materials will be accessible on the company’s website at www.coeur.com. Coeur Mining operates four key precious metals mines in North America, including locations in Mexico, Nevada, Alaska, and South Dakota.
Coeur Mining, Inc. (NYSE: CDE) will have its executives participating in two major investment conferences. The Senior Vice President and Chief Financial Officer, Thomas S. Whelan, along with Senior Vice President and Chief Operating Officer, Michael “Mick” Routledge, will attend the Canaccord Global Metals & Mining Conference in Palm Desert, California, on May 16, 2022. Additionally, President and CEO, Mitchell J. Krebs, will join the Bank of America Global Metals, Mining & Steel Conference in Miami, Florida, on May 18, 2022. Presentation materials will be accessible on Coeur's website.
Coeur Mining reported Q1 2022 results with revenues of $188 million, a decrease from $208 million in Q4 2021. The company confirmed its full-year guidance, expecting gold production between 315,000 - 353,000 ounces and silver 9,000 - 11,000 ounces. Despite a $6 million cash flow deficit from operations, production remained in line due to strong performances at Palmarejo and Wharf. Enhancements in liquidity included a $90 million expansion of its revolving credit facility and a $100 million equity offering. The Rochester expansion is on track, with 80% of the budget committed.
Coeur Mining, Inc. (NYSE: CDE) has completed three key initiatives aimed at strengthening its liquidity and enhancing balance sheet flexibility as it progresses with the expansion of its Rochester silver and gold operation in Nevada. The initiatives include:
- Increased gold hedging: Covers 70% of 2022 and 38% of 2023 expected gold production at average prices of $1,955 and $1,982 per ounce, respectively.
- Expanded revolving credit facility: Increased borrowing capacity from $300 million to $390 million.
- Completed $100 million ATM equity offering: Sold 22 million shares at an average price of $4.53.
Coeur Mining, Inc. (NYSE: CDE) has announced it will report its Q1 2022 operational and financial results on May 4, 2022, after market close. A conference call is scheduled for May 5, 2022, at 11:00 a.m. ET, featuring CEO Mitchell J. Krebs and other executives. A replay will be available until May 12, 2022. Coeur operates five owned locations in the U.S. and Mexico, focusing on precious metals production.
Coeur Mining, Inc. has successfully completed the sale of its La Preciosa silver project in Durango, Mexico, to Avino Silver & Gold Mines Ltd. The deal includes various components: $15.3 million in cash, a $5 million promissory note, equity consideration of 14 million units, deferred cash of approximately $8.8 million, and contingent payments of $0.25 per silver equivalent ounce, capped at $50 million. The transaction aligns with Coeur's strategy to divest non-core assets and focus on high-return projects, including the Rochester POA 11 expansion in Nevada, expected by mid-2024.
Coeur Mining, Inc. (NYSE: CDE) announces the appointment of Aoife McGrath as Senior Vice President of Exploration, effective next month. She takes over from Hans Rasmussen, who is set to retire after a successful tenure. McGrath brings over 20 years of experience in exploration, having previously served as Vice President of Exploration for Barrick Gold Corp.. CEO Mitchell J. Krebs emphasizes her leadership in global exploration projects, aligning with Coeur's strategy for precious metals assets. The appointment aims to enhance exploration initiatives amid a promising project pipeline.
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