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.
Coeur Mining (NYSE: CDE) reported its third quarter 2020 financial results, showing a remarkable recovery with revenue of $229.7 million, a 49% increase year-over-year, and adjusted EBITDA more than doubling to $90.8 million. Gold and silver production surged by 23% and 58% respectively. The company generated $56.5 million in free cash flow and reduced total debt by $47.5 million.
Key highlights included strong operational performance at Palmarejo and Wharf, successful construction commencement at Rochester, and a robust exploration program.
Coeur Mining, Inc. (NYSE: CDE) will report its third quarter 2020 financial results on October 28, 2020, after market close. A conference call is scheduled for October 29, 2020, at 11:00 a.m. Eastern Time, led by CEO Mitchell J. Krebs and CFO Thomas S. Whelan. The call will address operational updates and financial performance, allowing investors to gain insights into the company’s progress and strategies. Replay of the call will be available until November 12, 2020.