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Coeur Mining, Inc. reports operating and financial developments for a U.S.-based precious metals producer with gold, silver and copper exposure in North America. The company’s wholly owned operations include New Afton, Rainy River, Las Chispas, Palmarejo, Rochester, Kensington and Wharf, along with the Silvertip polymetallic critical minerals exploration project in British Columbia.
Recurring updates cover quarterly results, production and cost guidance, mine expansion work, technical reports, reserves and resources, capital projects, acquisition integration, senior note and credit-related actions, and responsibility reporting tied to environmental, safety, workforce, community and governance priorities.
org value="NYSE:CDE"Coeur Mining has announced a $40 million investment in exploration for its Silvertip, Kensington, and Palmarejo mines. Over the last five years, the company invested $240 million, resulting in significant reserve and resource growth. Key discoveries at the Silvertip mine include the high-grade Camp Creek West zone, showing promising assay results, while Kensington continues to reveal high-grade gold deposits. Results from the Palmarejo mine highlight further growth potential. These developments reflect Coeur's commitment to enhancing its portfolio through strategic exploration.
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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.
Coeur Mining, Inc. will be represented by President and CEO Mitchell J. Krebs at the 31st Annual BMO Capital Markets Global Metals & Mining Conference in Hollywood, Florida, on March 1, 2022, at 8:30 a.m. CT. This invitation-only event will provide investors insights into the company's operations and strategies. Presentation materials will be accessible on Coeur's website, and the webcast can be viewed here. Coeur operates multiple precious metals mines across North America.
Coeur Mining reported year-end 2021 reserves of 3.1 million ounces of gold and 238.2 million ounces of silver, reflecting stable gold reserves but a decrease in silver due to higher cut-off grades. Measured and indicated resources increased significantly by double digits across all metals, with notable growth at Palmarejo, Silvertip, and Kensington. The company has invested $240 million in exploration over five years, with a focus on resource expansion and infill drilling, planning an additional $40 million investment in 2022.
Coeur Mining reported its fourth quarter financial results, revealing revenues of $208 million and a net loss of $11 million, attributed in part to an $8 million non-cash loss on equity investments. The company’s full-year revenue reached $833 million, marking a 6% increase from the previous year. Gold and silver production for 2021 totaled 348,529 ounces and 10.1 million ounces, respectively. The company plans to sustain its growth strategy with significant investments in exploration and expansion projects, including the $520 million Rochester expansion, set to complete mid-2023.
Coeur Mining, Inc. (NYSE: CDE) plans to report its Q4 and full-year 2021 operational and financial results after market close on February 16, 2022. The results will be discussed in a conference call on February 17, 2022, at 11:00 a.m. ET, featuring key executives including President and CEO Mitchell J. Krebs. The call will be accessible via phone and will offer a replay until February 24, 2022.
Coeur Mining operates several precious metals mines across North America.
Coeur Mining, Inc. (NYSE: CDE) announced substantial progress in its 2021 exploration efforts at the Rochester and Crown projects in location value="LS/us.nv"Nevada. The company reported over one million feet drilled, a 50% increase from the previous year, with a record exploration investment of approximately $70 million. Significant drill results included promising gold and silver intercepts, indicating enhanced resource potential and mine life at Rochester. The restructured exploration team aims to leverage these findings for improved operational economics.