HighGravityData

Coeur Mining — Nov 6, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000215466-24-000121
Open on SEC.gov ↗
Showing in the filing
Rochester Q4 tons placed on stage six leach pad
“approximately 7.0 - 8.0 million tons”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 42
Rochester ore tons expected to be placed und… for Q4 FY2024
“approximately 7.0 - 8.0 million tons”
Rochester Q4 tons placed on stage six leach … for Q4 FY2024
“approximately 7.0 - 8.0 million tons”
Rochester tons placed under leach for Q4 FY2024
“approximately 7.0 - 8.0 million tons”
Palmarejo gold sales sold under gold stream … for FY2024
“30% - 40%”
Palmarejo full-year 2024 gold production for FY2024
“95,000 - 103,000 ounces of gold”
Palmarejo full-year 2024 silver production for FY2024
“5.9 - 6.7 million ounces of silver”
Palmarejo capital expenditures for FY2024
“$27 - $37 million”
Rochester full-year 2024 silver production for FY2024
“4.8 - 6.6 million ounces of silver”
Rochester full-year 2024 gold production for FY2024
“37,000 - 50,000 ounces of gold”
Costs Applicable to Sales — Rochester (co-pr… for FY2024
“$18.00 - $20.00”
Rochester (co-product) CAS - silver for FY2024
“$18.00 - $20.00”
Rochester CAS (silver, second half 2024) for H2 FY2024
“$18.00 - $20.00 per silver ounce”
Rochester CAS (gold, second half 2024) for H2 FY2024
“$1,500 - $1,700 per gold ounce”
Rochester capital expenditures for FY2024
“$61 - $79 million”
Kensington full-year 2024 gold production for FY2024
“92,000 - 106,000 gold ounces”
Kensington 2024 CAS per gold ounce for FY2024
“$1,525 - $1,725 per gold ounce”
Kensington capital expenditures for FY2024
“$63 - $68 million”
Kensington accelerated underground developme… for FY2024
“$33 - $39 million”
Kensington infill drilling capex (within cap… for FY2024
“$6 - $13 million”
Wharf full-year 2024 gold production for FY2024
“86,000 - 96,000 gold ounces”
Wharf capital expenditures for FY2024
“$5 - $7 million”
Exploration investment, expansion drilling (… for FY2024
“$40 - $50 million”
Total exploration investment (expansion + in… for FY2024
“$40 - $50 million for expansion drilling (classified as exploration expense) and $15 - $20 million for infill drilling (capitalized exploration)”
Exploration investment, infill drilling (cap… for FY2024
“$15 - $20 million”
Silvertip exploration investment for FY2024
“$11 - $14 million”
Silvertip underground mine development and s… for FY2024
“$15 - $20 million”
Production — Palmarejo Silver (K oz) for FY2024
“5,900 - 6,700”
Production — Rochester Silver (K oz) for FY2024
“4,800 - 6,600”
Production — Total Gold (oz) for FY2024
“310,000 - 355,000”
Production — Total Silver (K oz) for FY2024
“10,700 - 13,300”
Costs Applicable to Sales — Palmarejo (co-pr… for FY2024
“$950 - $1,150”
Palmarejo (co-product) CAS - gold for FY2024
“$950 - $1,150”
Costs Applicable to Sales — Rochester (co-pr… for FY2024
“$1,500 - $1,700”
Rochester (co-product) CAS - gold for FY2024
“$1,500 - $1,700”
Costs Applicable to Sales — Kensington Gold … for FY2024
“$1,525 - $1,725”
Costs Applicable to Sales — Wharf (by-produc… for FY2024
“$950 - $1,050”
Wharf (by-product) CAS - gold for FY2024
“$950 - $1,050”
Capital Expenditures, Sustaining for FY2024
“$124 - $158”
Capital Expenditures, Development for FY2024
“$36 - $42”
General & Administrative Expenses for FY2024
“$36 - $40”
Costs Applicable to Sales — Palmarejo (co-pr… for FY2024
“$15.50 - $16.50”
Palmarejo (co-product) CAS - silver for FY2024
“$15.50 - $16.50”
Exhibit 99.1 · the passage around this item
… earlier in the release
Net income was $49 million and Adjusted EBITDA 1 over the last twelve months (“LTM”) increased 2.5x to $287 million compared to a year ago • Rochester remains on-track to achieve year-end throughput and production guidance – The recently expanded Rochester silver and gold operation placed approximately 7.1 million tons under leach during the quarter leading to production of 1.2 million ounces of silver and 9,690 ounces of gold, representing quarter-over-quarter increases of 19% and 21%, respectively. The Company has reaffirmed full-year Rochester production guidance ranges and expects approximately 7.0 - 8.0 million tons to be placed under leach in the fourth quarter • Announced acquisition of SilverCrest to create leading global silver company – On October 4, 2024, Coeur announced an agreement to acquire SilverCrest Metals Inc. (“SilverCrest”) in an all-stock transaction with an implied value of approximately $1.7 billion as of the announcement date. The acquisition is anticipated to close in the first quarter of 2025 and is expected to materially enhance the Company’s cost and cash flow profile and immediately accelerate the Company’s balance sheet de-leveraging initiative • Debt reduction initiative underway – During the third quarter, the Company reduced its outstanding revolving credit facility (“RCF”) 2 balance by $50 million to $225 million, leading to total liquidity of $222 million, including $77 million of cash, and a net debt to EBITDA ratio below 2.0x for the first time in three years 1 “Our strong third quarter operational and financial results signal the beginning of what we expect to be a new chapter of consistent free cash flow for Coeur,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. “Although higher prices helped magnify our robust results, the team’s c
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.