Coeur Mining

Coeur to Present at Gold Forum Europe
April, 04, 2024

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) announced today that Senior Vice President and Chief Financial Officer Thomas S. Whelan will present at Gold Forum Europe in Zurich, Switzerland on Wednesday, April 10, 2024 at 1:10 p.m. Central European Time.

Gold Forum Europe is an invitation-only investment conference. Presentation materials will be made available on the Company’s website at www.coeur.com.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with four wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip polymetallic exploration project in British Columbia.

Coeur Mining, Inc.

Jeff Wilhoit, Director, Investor Relations

Phone: (312) 489-5800

www.coeur.com
Source: Coeur Mining, Inc.

https://coeur.com/investors/news/news-details/...-Europe/default.aspx  

Expanded Rochester Mine Achieves Commercial Production; Ramp-Up on Schedule

April, 08, 2024

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on its newly-expanded Rochester silver and gold mine in Nevada, including the achievement of commercial production at the operation as of March 31, 2024.

Commissioning of the new three-stage crushing circuit and truck load-out facility was completed on March 7. Since then, the crushing circuit has operated at an average throughput of nearly 70,000 tons per day1 and has exceeded 88,000 tons per day, leading to the declaration of commercial production as of the end of the first quarter. Ramp-up to full design capacity of 88,000 tons per day—or approximately 32 million tons per year—remains on schedule for completion during the first half of 2024.

Approximately 9.3 million tons of ore have now been placed on the new Stage 6 leach pad, which – together with the new Merrill Crowe processing facility – was commissioned late last year. Materially higher production levels are anticipated to build throughout the second half of 2024 consistent with completion of Rochester’s ramp-up.

Once operating at full capacity, throughput levels are expected to be approximately 2.5 times higher than historical levels, making Rochester one of the world’s largest open pit heap leach operations and a key driver of cash flow growth for the Company. It is expected to be America’s largest source of domestically produced and refined silver.

“Following its full hand-off to the operations team in early March, the expanded Rochester mine has ushered in a new growth phase for Coeur leading to higher silver and gold production levels, lower unit costs, and positive free cash flow,” said Mitchell J. Krebs, President and Chief Executive Officer. “The invaluable experience and learnings gleaned over the past three years from operating similar infrastructure that we installed at the legacy operation has contributed to an impressive ramp-up curve to date and positions the mine for a strong second half of 2024. With commissioning now behind us and the ramp-up proceeding well, the team is turning its focus to mine optimization efforts and business improvement initiatives aimed at maximizing the value of this world class, long-life asset.”

https://www.coeur.com/investors/news/news-details/...ule/default.aspx  

Coeur Announces First Quarter 2024 Earnings Call

April, 09, 2024

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that it will report its first quarter 2024 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, May 1, 2024. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, May 2, 2024.

Hosting the call will be Mitchell J. Krebs, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Senior Vice President and Chief Financial Officer, Michael “Mick” Routledge, Senior Vice President and Chief Operating Officer, Aoife McGrath, Senior Vice President of Exploration, and other members of management. A replay of the call will be available through May 9, 2024.

Conference Call Details:

U.S.:
                                    
§
(855) 560-2581

Canada:
                                    
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(855) 669-9657

International:
                                    
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(412) 542-4166

Conference ID:
                                    
§
Coeur Mining


                                    
§
Replay Numbers:

U.S.:
                                    
§
(877) 344-7529

Canada:
                                    
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(855) 669-9658

International:
                                    
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(412) 317-0088

Conference ID:
                                    
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612 39 52

https://www.coeur.com/investors/news/news-details/...all/default.aspx  

Ich habe, als der Jahresbericht von Coeur Mining raus kam, die 2023er Zahlen und 2024er Prognosezahlen von Coeur Mining (nur die niedrigsten angenommen) für mich grob ausgewertet. Fehlende durchschnittliche Verkaufspreise 2024 habe ich mit der konservativen Annahme für Gold von 2300$ und Silber 28,50$ angenommen. Als ob die EM Preise entgegen der Annahmen nicht mehr steigen. Daraus habe ich eine deutliche Bestätigung des Investments für mich gezogen.

Seht selbst.

Die durchschnittlichen Kosten 2023 für Gold  1353,45$ und Silber 18,11$.
Die durchschnittlichen Kosten 2024 für Gold 1402,66 $ und Silber 16,83$.
Gesamtkosten 2023 waren bei Gold 429.951.993$ und Silber 181.092.000$.
Prognose für 2024 für Gold liegt bei 434.825.000$ und Silber 180.050.000$.
Macht Mehrkosten Produktion von 3.831.007$ für 2024.

Kosten für Entwicklung und Erhalt 2023 waren 365.000.000$.
Kosten für Entwicklung und Erhalt 2024 sollen ca. 184.000.000$ werden.
Macht Einsparungen von 181.000.000$ gegenüber 2023.

Nettoeinkommen 2023 war -103.600.000$.
Schuldenstand netto Dezember 2023 war 483.677.000$.

Erlöse 2023 waren 823.574.900$.
Erlöse 2024 errechne ich 1.017.950.000$.
Macht theoretische Mehrerlöse von 196.750.000$ für 2024.

2023 Nettoeinkommen -103.600.000$
- die Mehrkosten 3.831.007$
+ die Einsparungen 181.000.000$
+ Mehrerlöse 196.750.000$
------------------------
= 270.318.993$ theoretisches Nettoeinkommen für 2024!

Damit wären die aktuellen Schulden theoretisch nach 1,79Jahren getilgt.


Durch weniger Ausgaben für Erweiterung und Erhalt, effizientere Gewinnung, höhere Produktion und höhere Erlöse beim Verkauf sieht es im Ergebnis grandios aus. Sogar die Ressourcen wurden deutlich gesteigert. Natürlich wurden andere Werte die hier nicht aufgeführt wurden auch nicht eingerechnet und diese Rechnung ist daher nur grob. Aber es wurden nur Coeurs schlechtesten Prognosewerte genommen und es wurde nicht von einem höheren EM Preis ausgegangen. Es kann und sollte also noch deutlich besser werden. Diese Ausgangslage hat aktuell kaum ein Miner. Zumal Coeur Mining im Vergleich zu Barrick oder B2Gold und vielen anderen Minern in politisch deutlich sichereren Staaten produziert.

Coeur Mining bleibt mein absoluter Favorit.  

Danke, gut analysiert. Wenn man den Kurs der letzten sechs Monate betrachtet, sieht man ja, dass viele Marktteilnehmer das genauso optimistisch sehen. Bereits eine Steigerung von 200 Prozent.
Ich persönlich hoffe, dass es noch eine Weile so weitergeht und deine Berechnungen stimmen, weil ich schon lange dabei bin und schon zweimal einer Verdoppelung und Halbierung meiner Investition zuschauen musste.
Ich bin guter Dinge, dass der Turnaround endlich wieder geschafft ist.
Hier bei Coeur habe ich gelernt, dass man Minen laaaaange beobachten muss um dann zuzuschlagen, wenn sie ganz unten sind. Man erkennt auch hier bei Coeur (10 Jahre) fast immer einen klaren, sehr tiefen Boden, wo sie alle paar Jahre mal aufsetzt, wie fast jede Mine. Trifft man nur ungefähr den Punkt, kann man sich rasch an 200-1000 % Kursgewinnen freuen.
Das macht die Anlage mit Minen  irgendwie auch spannend, nicht wie bei Apple oder Amazon immer dieser recht straighte Zuwachs :)  

Der wird spannend. Wichtiger werden natürlich die folgenden Berichte. Wenn aber Quat 1 schon ohne Probleme und mit plangemäßen Ergebnissen kommt, dann ist der Rest auch nur noch Formalität. Dann brummt der Laden selbst wenn Gold und Silber noch etwas fällt.

Coeur Publishes 2023 ESG Report

April, 23, 2024

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today published its 2023 ESG Report (the “Report”), highlighting the Company’s efforts to advance its environmental, social and governance strategy, priorities and practices and its responsible mining operations. The Report details Coeur’s public ESG targets, best-in-class corporate governance practices and positive environmental and social impacts that are aligned with generating long-term value for stockholders.

Report Highlights:

   Health and safety – Coeur remained focused on total worker health and safety in 2023, resulting in the lowest Total Reportable Injury Frequency Rate (TRIFR) among peers according to MSHA standards, at 0.46.

   Tailings management – To increase transparency into tailings management and to bolster existing management practices and governance systems, the Company is implementing the Global Industry Standard on Tailings Management (GISTM), among just 17% of non-ICMM companies in the industry to do so.

   Biodiversity Management Standard – Coeur is committed to protecting, restoring, conserving and managing natural capital, biodiversity and ecosystem services through responsible development and environmental stewardship, as well as transparently reporting on performance and key nature-related metrics.

   Climate resilience – The Company took further action to improve its climate resilience and reporting, including incorporating consideration of carbon emissions and the potential effects of climate change into long-term planning and remains on track to achieve Coeur’s goal to reduce greenhouse gas (GHG) net intensity emissions by 35% by the end of 2024.

"Advancing ESG principles aligned with long-term value and maintaining Coeur’s position as a leader in safe and responsible mining remains our highest priority, reflecting our commitment to Pursue a Higher Standard, as highlighted in our 2023 ESG Report. As the global shift towards clean, renewable energy and increasing technological advancement gains momentum, we take pride in our role as a supplier of vital minerals for the future," stated Mitchell J. Krebs, President and CEO. "We are committed to continually improving and strengthening all aspects of ESG that are relevant to our business, with the aim of maximizing long-term value."

A copy of the Report and a separate document containing ESG data can be found on the Responsibility section of the Company’s website: https://www.coeur.com/responsibility/responsibility-overview/.

https://www.coeur.com/investors/news/news-details/...ort/default.aspx  

-Die neue Brecheranlage ist recht spät im März in Betrieb gegangen läuft aber nun. (Ich date die läuft längst.)
-Es gab noch eine große Restzahlung für die Modernisierung. (Die ich nicht so erwartet habe.)
-Die Ergebnisse liegen noch nicht auf dem Level wie ich es erhofft hatte. (... wenn die Anlage erst so spät anläuft... naja.)
-Die EM Verkaufspreise liegen noch weit unter dem aktuellen Niveau. (Warum eigentlich?)
Ziemlich großer Anteil an Bonizahlungen. (Hoffentlich passt das zu den zukünftigen Ergebnissen.)

Fazit: Ich habe wohl zuviel erwartet. Aber der Weg passt und widerspricht nicht den Prognosen.

Meine Erwartungen: Quartal 2
Anlage läuft problemlos und produziert günstiger. Die Verkaufspreise sind deutlich an den aktuellen Preisen angepasst und die Kosten/Ausgaben gehen insgesamt deutlich zurück.

Naja, ich habe wohl ein Feuerwerk an positiven Zahlen erwartet. Aber realistisch betrachtet war das wohl der Abschluss zum Modernisierungs- und Entwicklungsprojekt. Das läuft nicht so schnell wie man es gerne hätte. Muss ich mich wohl bis Juli gedulden was die Zahlen angeht. Schade.

Coeur Reports First Quarter 2024 Results
May, 01, 2024

Reaffirms Full-Year 2024 Guidance; Achieves Commercial Production at Rochester

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported first quarter 2024 financial results, including revenue of $213 million and cash flow from operating activities of $(16) million. The Company reported GAAP net loss from continuing operations of $29 million, or $0.08 per share. On an adjusted basis1, Coeur reported EBITDA of $44 million, cash flow from operating activities before changes in working capital of $(31) million and net loss from continuing operations of $19 million, or $0.05 per share.

Key Highlights

   Strong year-over-year production increases in-line with 2024 guidance – Solid performances at Palmarejo and Wharf led to total production of 80,744 ounces of gold and 2.6 million ounces of silver compared to 69,039 ounces of gold and 2.5 million ounces of silver in the first quarter of 2023. Production levels are expected to increase over the balance of 2024, driven primarily by the ramp-up at Rochester
   Increased revenue and adjusted EBITDA driven by increased production and lower costs – Revenue increased 14% year-over-year while adjusted EBITDA increased 76% compared to the first quarter of 2023, raising adjusted LTM EBITDA by 32% to $162 million through the end of the period compared to a year ago. The Company also saw a 5% reduction year-over-year in cost applicable to sales, totaling $146 million for the first quarter
   Commercial production achieved at Rochester; ramp-up on-track – Commissioning of Rochester’s new three-stage crushing circuit and truck load-out facility was completed on March 7, 2024. The crushing circuit has routinely exceeded 70,000 tons per day since commissioning was completed. Commercial production was achieved as of March 31, 2024 and the ramp-up to sustained nameplate capacity of 88,000 tons per day remains on schedule for the end of the second quarter
   Kensington’s multi-year program on target to increase mine life by year-end – The Company continued its multi-year underground mine development and exploration program, investing approximately $14 million during the quarter. Coeur has now completed roughly 71% of total underground mine development and drilling since inception of the program in 2022. The program is expected to extend Kensington’s reserve-based mine life beyond five years by the end of 2024
   Published 2023 ESG Report – On April 23, 2024, Coeur published its 2023 ESG Report which highlighted the critical role in the modern economy of the metals the Company produces and progress on ESG priorities, such as ongoing adoption of the Global Industry Standard on Tailings Management and the roll-out of Coeur’s Biodiversity Management Standard, as well as advances in climate resilience including the expectation to achieve a 35% reduction in net intensity of greenhouse gas emissions by year-end

“Coeur began 2024 with solid first quarter production in a catalyst-rich year for the Company,” said Mitchell J. Krebs, President and Chief Executive Officer. “This strong start, highlighted by the achievement of commercial production at Rochester at the end of the first quarter, puts us in a great position to achieve full-year 2024 guidance and begin generating positive free cash flow in the second half of the year. Palmarejo achieved its highest quarterly production levels in several years thanks to strong contributions from both Guadalupe and Independencia underground operations while Wharf delivered a stronger than planned quarter after achieving record performance in 2023.

“The team at Rochester completed the pre-commissioning and commissioning of the new crushing circuit in the first quarter as planned. The next milestone will be to complete ramp-up to sustained nameplate capacity of 88,000 tons per day by the end of the second quarter. The combination of lower capex and significantly higher production, coupled with higher commodity prices, are expected to lead to strong cash flow generation in the second half of 2024 which will be allocated to debt reduction and funding near-mine exploration priorities. I am pleased with the progress of Kensington’s multi-year underground development and exploration program, which is expected to wrap up mid-year next year, and we look forward to achieving our goal of extending its mine life beyond five years by year-end.”

https://www.coeur.com/investors/news/news-details/...lts/default.aspx
 

 

Coeur to Participate in Upcoming Canaccord Global Metals & Mining Conference

May, 07, 2024

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc.’s (“Coeur” or the “Company”) (NYSE: CDE) Senior Vice President and Chief Financial Officer, Thomas S. Whelan, and Senior Vice President and Chief Operating Officer, Michael “Mick” Routledge, will participate in the Canaccord Global Metals & Mining Conference in La Quinta, California on Thursday, May 9, 2024.

The Canaccord Global Metals & Mining Conference is an invitation-only investment conference. Presentation materials will be made available on the Company’s website at www.coeur.com.

https://www.coeur.com/investors/news/news-details/...nce/default.aspx  

Coeur to Participate in Upcoming RBC Capital Markets Global Mining and Materials Conference

June, 06, 2024

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc.’s (“Coeur” or the “Company”) (NYSE: CDE) Chairman, President and Chief Executive Officer, Mitchell J. Krebs, will participate in the RBC Capital Markets Global Mining and Materials Conference on Thursday, June 13, 2024.

The RBC Capital Markets Global Mining and Materials Conference is an invitation-only investment conference. Presentation materials will be made available on the Company’s website at www.coeur.com.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with four wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip polymetallic exploration project in British Columbia.

Coeur Mining, Inc.

Jeff Wilhoit, Director, Investor Relations

Phone: (312) 489-5800

www.coeur.com
Source: Coeur Mining, Inc.

https://www.coeur.com/investors/news/news-details/...nce/default.aspx  

Coeur Reports Continued Positive Results From Kensington’s Multi-Year Exploration Program

June, 27, 2024

Recent assays highlight the potential to extend its reserve based mine life to over five years by year-end

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported positive results from its multi-year exploration drilling and development program at the Kensington underground gold mine in Southeast Alaska.

Kensington consists of multiple deposits including the Kensington, Elmira, Raven, Johnson and numerous other prospective vein zones. In the upper area of the Kensington deposit, previously outlined zones appear to be converging into single, wider mineable areas. The newly discovered Zone 50 in lower Kensington is growing rapidly, resulting in the development of additional exploration drifts to facilitate infill drilling before year-end 2024. At the Elmira deposit, the Main and South zones have now been connected through infill drilling and expansion drilling is intersecting multiple wider zones to the south.

,,,

https://www.coeur.com/investors/news/news-details/...ram/default.aspx  

Coeur Announces Second Quarter 2024 Earnings Call

July, 09, 2024

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that it will report its second quarter 2024 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, August 7, 2024. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, August 8, 2024.

Hosting the call will be Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Senior Vice President and Chief Financial Officer, Michael “Mick” Routledge, Senior Vice President and Chief Operating Officer, Aoife McGrath, Senior Vice President of Exploration, and other members of management. A replay of the call will be available through August 15, 2024.
https://www.coeur.com/investors/news/news-details/...all/default.aspx  

Expanded Rochester Mine Achieves Mid-Year Target Run Rates
uly, 11, 2024

Operation now routinely achieving targeted daily throughput rate of 88,000 tons per day

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported that its recently-expanded Rochester silver and gold mine in Nevada successfully completed ramp-up activities at the end of the second quarter by achieving daily throughput rates of over 88,000 tons per day.

“With the ramp-up to steady-state throughput now achieved, Rochester is expected to lead the Company to a free cash flow inflection point during the second half of the year, which will enable the Company to reduce debt levels,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. “The team has worked tirelessly to complete the ramp-up and will now turn its focus to a range of optimization efforts while establishing an operating rhythm at the higher mining, crushing, and placement rates now being achieved.”

Approximately 4.3 million tons of ore were placed on the new Stage 6 leach pad during the second quarter bringing the total tons placed to 15.5 million tons. Crushing and placement rates were lighter than initially planned during the second quarter while mining rates exceeded plan. Down days taken during the second quarter have Rochester well positioned to deliver crushing and placement rates of 7 – 8 million tons per quarter during the second half of the year and into 2025.

At full capacity, throughput levels are expected to be approximately 2.5 times higher than historical levels, or approximately 32 million tons per year, making Rochester one of the world’s largest open pit heap leach operations and America’s largest source of domestically produced and refined silver.

The Company will report its second quarter 2024 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, August 7, 2024. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, August 8, 2024.
https://www.coeur.com/investors/news/news-details/...tes/default.aspx  

Die Zahlen bestätigen den guten Weg. Wir haben einen Durchschnittsverkaufspreis von 2003$ / Oz Gold und 26,20$ / Oz Silber. Das nächste Mal werden es vermutlich um die 2400$ /Oz Gold und ggf. 28 - 29$ / Oz Silber werden. Vor einem Jahr waren es 1809$ bzw 23,91$. Da hatte Coeur Mining auch noch ein riesen Projekt welches ordentlich Kohle kostete. Natürlich werden die jetzt durch die Mehreinnahmen auch mehr ausgeben. Die Kosten der Erweiterung die für 2025 geplant waren hat man jetzt schon im 2.Quat24 bezahlt. Fehlen nur noch 5Mio von den 730 Mio Investitionskosten, dann sind die auch durch. Ich denke Coeur Mining wird diesen Herbst noch ordentlich abgehen. Allgemein ist bei den Minern noch sehr viel Skepsis mit in den Kursen. Bei Coeur sehe ich keinen Grund. Coeur hat alles richtig gemacht und wir dieses Jahr noch begeistern. Natürlich habe ich auch deutlich mehr Gewinn erwartet, doch dafür hat man ja einleuchtende Gründe dargelegt. Wenn man jetzt nicht das gute Ertrag/Kosten Verhältnis nutzt wäre man schön blöd. Die Erträge dürften die nächsten Monate der Hammer sein. Zumal Gold bei Coeur eindeutig übergewichtet ist. Ich weiß garnicht warum Silber immer so stark den Kurs beeinflusst.

SA-400 ist ein schei... dagegen. Prost!

die Nachricht dazu:

Coeur Announces Achievement of Key Milestones at Expanded Rochester Mine

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