Coeur Mining — Nov 6, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000215466-24-000121
Showing in the filing
Exploration investment, expansion drilling (expensed)
“$40 - $50 million”
Period
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
Year-over-year production for the quarter increased 48% Financial • Adjusted CAS 1 on a by-product basis increased 8% quarter-over-quarter to $885 per ounce, largely driven by decreasing favorable recoveries on legacy pads from the prior period • Capital expenditures increased slightly quarter-over-quarter to approximately $3 million • Free cash flow 1 in the third quarter totaled an all-time high $49 million compared to $16 million in the prior period, reflecting higher gold sales Exploration • Exploration investment during the quarter totaled $2 million (substantially all expensed) compared to $1 million (substantially all expensed) in the prior quarter • Increased exploration investment during the quarter was mainly driven by an expanded program that commenced after opportunities were recognized to meaningfully extend the mine life at Wharf 9 • Two rigs were active during the quarter at the Juno and North Foley deposits undertaking infill and expansion drilling Guidance • Full-year 2024 production is expected to be 86,000 - 96,000 gold ounces • CAS 1 in 2024 are expected to be $950 - $1,050 per gold ounce • Capital expenditures are expected to be $5 - $7 million 10 Exploration The Company’s exploration investment in 2024 is expected to total $40 - $50 million for expansion drilling (classified as exploration expense) and $15 - $20 million for infill drilling (capitalized exploration). Top exploration priorities for the Company’s 2024 exploration program include: (1) building reserves and extending mine life at Kensington to over five years by year-end; (2) pursuing higher grade structures at Rochester to enhance the near-term margin and cash flow profile of the newly-expanded operation; (3) building out a robust pipeline of inferred resources at Palmarejo to potentially drive future reserve growth; (4) further extending Wharf’s reserve-based mine life; and (5) expanding and enhancing the understanding of the evolving world-class polymetallic Silvertip system located in British Columbia. During the third quarter, Coeur invested approximately $25 million ($20 million expensed and $5 million capitalized), compared to roughly $18 million ($13 million expensed and $5 million capitalized) in the prior period. At Silvertip, exploration investment totaled approximately $9 million in the third quarter, compared to $6 million in the prior period. The Company expects to invest $11 - $14 million in exploration at Silvertip in 2024, which excludes
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.