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Coeur Mining (CDE)

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
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$3.63
Low target
$3.50
High target
$3.75
Canaccord Genuity
Downgraded
Hold
$3.50
5 Aug 22
BMO Capital
Maintains
Market Perform
$3.75
4 Aug 22

Calendar

3 Aug 22
19 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Competition
Gatos Silver
Risks
  • 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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: activity, downside, employee, estimate, flexibility, impose, operational, reduction, slightly, solid, thereto