Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, Coeur has interests in several precious metals exploration projects throughout North America.

Company profile
Ticker
CDE
Exchange
Website
CEO
Mitchell Krebs
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
COEUR D ALENE MINES CORP
SEC CIK
Corporate docs
Subsidiaries
Coeur Rochester, Inc. • Coeur Alaska, Inc. • Coeur Sub One, Inc. • Coeur Sub Two, Inc. • Mexico Holdings, LLC • Mexco Resources, LLC • Servicios Administrativos Palmarejo, S.A. de C.V. • Servicios Profesionales Palmarejo, S.A. de C.V. • Palmarejo Silver and Gold ULC • Ocampo Resources, Inc. ...
IRS number
820109423
CDE stock data
News

4 Silver Stocks Bouncing Off Of Lows
10 Aug 22
Noble Capital Markets Downgrades Coeur Mining to Market Perform
8 Aug 22
Benzinga's Top Ratings Upgrades, Downgrades For August 5, 2022
5 Aug 22
Canaccord Genuity Downgrades Coeur Mining to Hold, Lowers Price Target to $3.5
5 Aug 22
BMO Capital Maintains Market Perform on Coeur Mining, Lowers Price Target to $3.75
4 Aug 22
Press releases
Analyst ratings and price targets
Current price
Average target
$3.63
Low target
$3.50
High target
$3.75
Canaccord Genuity
Downgraded
$3.50
BMO Capital
Maintains
$3.75
Calendar
3 Aug 22
19 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 75.56M | 75.56M | 75.56M | 75.56M | 75.56M | 75.56M |
Cash burn (monthly) | (no burn) | 4.16M | 21.98M | 9.6M | (no burn) | (no burn) |
Cash used (since last report) | n/a | 6.99M | 36.93M | 16.14M | n/a | n/a |
Cash remaining | n/a | 68.57M | 38.63M | 59.42M | n/a | n/a |
Runway (months of cash) | n/a | 16.5 | 1.8 | 6.2 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Jul 22 | Jeane L. Hull | Common Stock | Grant | Acquire A | No | No | 0 | 11,473 | 0 | 11,473 |
3 Jun 22 | Michael Routledge | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 4.17 | 10,783 | 44.97K | 178,345 |
16 May 22 | Aoife McGrath | Common Stock | Grant | Acquire A | No | No | 0 | 60,658 | 0 | 60,658 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Financial report summary
?Competition
Gatos SilverRisks
- Our results of operations, cash flows and operating costs are highly dependent upon the market prices of gold and silver, and, if mining and processing operations at Silvertip resume, zinc and lead, and of key input commodities used in our business, which are volatile and beyond our control.
- Volatility in metals prices may also impact the price of our outstanding securities.
- The estimation of mineral reserves and mineral resources is imprecise and depends upon subjective factors. Estimated mineral reserves and mineral resources may not be realized in actual production. Our results of operations and financial position may be adversely affected by inaccurate estimates.
- A significant delay or disruption in sales of concentrates or doré as a result of the unexpected disruption in services provided by smelters or refiners or other third parties could have a material adverse effect on our results of operations.
- There are significant hazards associated with mining activities, some of which may not be fully covered by insurance.
- Our future growth will depend upon our ability to expand existing mines and develop and start-up new mines, either through exploration at existing properties or by acquisition of other mining companies or properties.
- Our operations may be further disrupted, and our financial results may be adversely affected by the COVID-19 pandemic.
- We may be unable to successfully integrate and may not realize the expected benefits of recent or future acquisitions.
- We may be required to write down certain long-lived assets, due to metal prices, operational challenges or other factors. Such write- downs may adversely affect our results of operations and financial condition.
- Coeur is an international company and is exposed to political and social risks associated with its foreign operations.
- Our operations outside the United States also expose us to economic and operational risks.
- Our success depends on developing and maintaining relationships with local communities and other stakeholders.
- Our mining assets are subject to geotechnical and hydrological risks, and a related incident could materially and adversely impact our production, profitability and financial condition and the value of our common stock.
- Our estimates of future production, costs, expenditures and financial results are imprecise, depend upon subjective factors, may not be realized in actual production and such estimates speak only as of their respective dates.
- Our use of derivative contracts to protect against market price volatility exposes us to risk of opportunity loss, mark- to-market fair value adjustments, potential cash collateral calls and exposure to counterparty credit risk.
- We are dependent upon information technology systems, which are subject to cybersecurity incidents, disruption, damage, failure and other risks associated with implementation and integration.
- Our business depends on good relations with, and the retention and hiring of, employees.
- Continuation of our mining operations is dependent on the availability of sufficient and affordable water supplies.
- We may not be able to recognize the benefits of deferred tax assets.
- Our future operating performance may not generate cash flows sufficient to meet debt payment obligations.
- The terms of our debt impose restrictions on our operations.
- Any downgrade in the credit ratings assigned to us or our debt securities could increase future borrowing costs, adversely affect the availability of new financing and may result in increased collateral requirements under our existing surety bond portfolio.
- We are subject to significant governmental regulations, including the U.S. Mine Safety and Health Act, the Health, Safety and Reclamation Code for Mines under the British Columbia Mines Act and Relevant Sections of the Mexican Official Regulations, and related costs and delays associated with compliance may negatively affect our business.
- Compliance with environmental regulations and litigation based on environmental regulations could require significant expenditures.
- We are required to obtain and renew governmental permits in order to conduct operations, a process which is often costly and time-consuming. Our ability to obtain necessary government permits to expand operations or begin new operations may be materially affected by third-party activists.
- Our business is subject to anti-bribery laws, a breach or violation of which could lead to civil and criminal fines and penalties, loss of licenses or permits and reputational harm.
- We are subject to litigation and may be subject to additional litigation in the future.
- Disputes regarding our mining claims, concessions or surface rights to land in the vicinity of our mining projects could adversely impact operations.
- The Company’s effective tax rate could be volatile and materially change as a result of changes in tax laws, mix of earnings and other factors.
- We have the ability to issue additional equity securities, including in connection with an acquisition of other companies, which would lead to dilution of our issued and outstanding common stock and may materially and adversely affect the price of our common stock.
- Holders of our common stock may not receive dividends.
Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- For the quarter, Coeur reported revenue of $204.1 million and cash flow from operating activities of $22.6 million. We reported GAAP net loss of $77.4 million, or $0.28 per diluted share. On an adjusted basis1, the Company reported EBITDA of $43.3 million and net loss of $13.1 million or $0.05 per diluted share. For the six months ended June 30, 2022, Coeur reported revenue of $392.5 million and cash flow from operating activities of $16.2 million. We reported GAAP net loss of $69.8 million, or $0.26 per diluted share. On an adjusted basis1, the Company reported EBITDA of $77.3 million and net loss of $26.9 million or $0.10 per diluted share.
- •Strong quarterly production increases at Kensington, Wharf and Rochester – Kensington’s gold production increased by 23% versus the first quarter, driven by an all-time quarterly record mill throughput. Wharf’s gold production increased by 15% while Rochester’s silver and gold production increased by 5% and 37%, respectively
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
advocacy, appointed, Appointment, blending, cable, CAD, complied, coverage, criteria, drawdown, earned, facilitate, flotation, Goldman, Guarantor, Hull, impoundment, Jeane, knowledge, legacy, media, Mitchell, month, MXN, pilot, prolonged, refreshment, SEMARNAT, spending, tray, unchanged, USA
Removed:
activity, downside, employee, estimate, flexibility, impose, operational, reduction, slightly, solid, thereto
Financial reports
Current reports
8-K
Coeur Reports Second Quarter 2022 Results
3 Aug 22
8-K
Coeur Appoints Jeane Hull to Board of Directors
19 Jul 22
8-K
Amendments to Articles of Incorporation or Bylaws
11 May 22
8-K
Coeur Reports First Quarter 2022 Results
4 May 22
8-K
Entry into a Material Definitive Agreement
3 May 22
8-K
Departure of Directors or Certain Officers
1 Apr 22
8-K
Departure of Directors or Certain Officers
10 Mar 22
8-K
Other Events
17 Feb 22
8-K
Coeur Reports Fourth Quarter and Full-Year 2021 Results
16 Feb 22
8-K
Other Events
15 Feb 22
Registration and prospectus
424B5
Prospectus supplement for primary offering
17 Feb 22
S-3ASR
Automatic shelf registration
17 Feb 22
424B7
Prospectus with selling stockholder info
3 Jun 21
S-8
Registration of securities for employees
11 May 21
424B5
Prospectus supplement for primary offering
23 Apr 20
424B5
Prospectus supplement for primary offering
12 Aug 19
424B5
Prospectus supplement for primary offering
20 May 19
POSASR
Automatic shelf registration (post-effective amendment)
20 May 19
S-3ASR
Automatic shelf registration
28 Feb 19
424B7
Prospectus with selling stockholder info
19 Nov 18
Proxies
DEFA14A
Additional proxy soliciting materials
3 May 22
DEFA14A
Additional proxy soliciting materials
20 Apr 22
DEFA14A
Additional proxy soliciting materials
30 Mar 22
PRE 14A
Preliminary proxy
11 Mar 22
DEFA14A
Additional proxy soliciting materials
23 Apr 21
DEFA14A
Additional proxy soliciting materials
23 Apr 21
DEFA14A
Additional proxy soliciting materials
30 Mar 21
DEF 14A
Definitive proxy
29 Mar 21
DEFA14A
Additional proxy soliciting materials
21 Apr 20
Other
UPLOAD
Letter from SEC
1 Nov 18
CORRESP
Correspondence with SEC
22 Oct 18
UPLOAD
Letter from SEC
11 Oct 18
EFFECT
Notice of effectiveness
2 Aug 17
CORRESP
Correspondence with SEC
31 Jul 17
UPLOAD
Letter from SEC
30 Jul 17
CORRESP
Correspondence with SEC
25 Jul 17
UPLOAD
Letter from SEC
13 Dec 16
CORRESP
Correspondence with SEC
5 Dec 16
UPLOAD
Letter from SEC
22 Nov 16
Ownership
4
Coeur Mining / Jeane L. Hull ownership change
20 Jul 22
3
Coeur Mining / Jeane L. Hull ownership change
19 Jul 22
4
Coeur Mining / Michael Routledge ownership change
6 Jun 22
4
Coeur Mining / Aoife McGrath ownership change
17 May 22
3
Coeur Mining / Aoife McGrath ownership change
3 May 22
4
Coeur Mining / Hans John Rasmussen ownership change
1 Apr 22
SC 13G
AVINO SILVER & GOLD MINES / Coeur Mining ownership change
30 Mar 22
4
Coeur Mining / ROBERT E MELLOR ownership change
2 Mar 22
4
Coeur Mining / Michael Routledge ownership change
28 Feb 22
4
Coeur Mining / Hans John Rasmussen ownership change
25 Feb 22
Transcripts
2022 Q2
Earnings call transcript
4 Aug 22
2022 Q1
Earnings call transcript
5 May 22
2021 Q4
Earnings call transcript
17 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion - Monday August 01 2022
1 Aug 22
Looking into silver/gold mining pennystocks this 2022
12 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
🔮WallStreetBets Predictions Tournament for May 2022🔮
1 May 22
😲📉 Shareholders in Coeur Mining (NYSE:CDE) have lost 62%, as stock drops 29% this past week
29 Apr 22