Coeur Mining — Feb 19, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000215466-25-000006
Showing in the filing
Expected cash taxes
“approximately $75 - $85 million”
Period
Q1 FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 54
Consolidated 2025 gold production for FY2025
“380,000 - 440,000 ounces of gold”
Production ranges for FY2025
“380,000 - 440,000 ounces of gold and 16.7 - 20.3 million ounces of silver”
Consolidated 2025 silver production for FY2025
“16.7 - 20.3 million ounces of silver”
Expected cash taxes for Q1 FY2025
“approximately $75 - $85 million”
Planned annual exploration investment at Pal… for FY2025
“approximately 60%”
Palmarejo's 2025 gold sales sold under the g… for FY2025
“40% - 50%”
Palmarejo full-year 2025 production for FY2025
“95,000 - 105,000 ounces of gold and 5.4 - 6.5 million ounces of silver”
Palmarejo 2025 CAS for FY2025
“$950 - $1,150 per gold ounce and $17.00 - $18.00 per silver ounce”
Palmarejo Adjusted CAS Silver ($/oz) for FY2025
“$17.00 - $18.00”
Palmarejo costs applicable to sales (silver,… for FY2025
“$17.00 - $18.00”
Palmarejo 2025 capital expenditures for FY2025
“$26 - $32 million”
Palmarejo 2025 exploration investment for FY2025
“$16 - $18 million (substantially all expensed)”
Rochester full-year 2025 production for FY2025
“7.0 - 8.3 million ounces of silver and 60,000 - 75,000 ounces of gold”
Rochester 2025 CAS for FY2025
“$14.50 - $16.50 per silver ounce and $1,250 - $1,450 per gold ounce”
Rochester Adjusted CAS Silver ($/oz) for FY2025
“$14.50 - $16.50”
Rochester costs applicable to sales (silver,… for FY2025
“$14.50 - $16.50”
Rochester Adjusted CAS Gold ($/oz) for FY2025
“$1,250 - $1,450”
Rochester 2025 capital expenditures for FY2025
“$57 - $70 million”
Rochester exploration investment for FY2025
“$13 - $16 million ($11 - $12 million expensed and $2 - $4 million capitalized)”
Kensington full-year 2025 production for FY2025
“92,500 - 107,500 gold ounces”
Kensington 2025 CAS for FY2025
“$1,700 - $1,900 per gold ounce”
Kensington 2025 capital expenditures for FY2025
“$55 - $64 million”
Kensington exploration investment for FY2025
“$11 - $14 million ($6 - 8 million expensed and $5 - $6 million capitalized)”
Wharf full-year 2025 production for FY2025
“90,000 - 100,000 gold ounces and 50,000 - 200,000 ounces of silver”
Wharf 2025 CAS for FY2025
“$1,250 - $1,350 per gold ounce”
Wharf 2025 capital expenditures for FY2025
“$13 - $17 million”
Wharf 2025 exploration investment for FY2025
“$7 - $10 million (substantially all expensed)”
Company's exploration investment for FY2025
“$67 - $77 million for expansion drilling (classified as exploration expense) and $10 - $16 million for infill drilling (capitalized exploration)”
Exploration investment at Silvertip for FY2025
“approximately $12 - $14 million”
Las Chispas gold production for FY2025
“42,500 - 52,500”
Las Chispas silver production for FY2025
“4,250 - 5,250”
Palmarejo gold production for FY2025
“95,000 - 105,000”
Palmarejo silver production for FY2025
“5,400 - 6,500”
Rochester gold production for FY2025
“60,000 - 75,000”
Rochester silver production for FY2025
“7,000 - 8,300”
Wharf gold production for FY2025
“90,000 - 100,000”
Wharf silver production for FY2025
“50 - 200”
Total silver production for FY2025
“16,700 - 20,250”
Las Chispas costs applicable to sales (gold,… for FY2025
“$850 - $950”
Palmarejo costs applicable to sales (gold, c… for FY2025
“$950 - $1,150”
Rochester costs applicable to sales (gold, c… for FY2025
“$1,250 - $1,450”
Kensington Adjusted CAS Gold ($/oz) for FY2025
“$1,700 - $1,900”
Kensington costs applicable to sales (gold) for FY2025
“$1,700 - $1,900”
Wharf Adjusted CAS Gold ($/oz) for FY2025
“$1,250 - $1,350”
Wharf costs applicable to sales (gold, by-pr… for FY2025
“$1,250 - $1,350”
Capital Expenditures, Sustaining for FY2025
“$132 - $156”
Capital Expenditures, Development for FY2025
“$55 - $69”
Exploration, Expensed for FY2025
“$67 - $77”
Exploration, Capitalized for FY2025
“$10 - $16”
General & Administrative Expenses for FY2025
“$44 - $48”
Las Chispas Adjusted CAS Gold ($/oz) for FY2025
“$850 - $950”
Las Chispas Adjusted CAS Silver ($/oz) for FY2025
“$9.25 - $10.25”
Las Chispas costs applicable to sales (silve… for FY2025
“$9.25 - $10.25”
Palmarejo Adjusted CAS Gold ($/oz) for FY2025
“$950 - $1,150”
Exhibit 99.1 · the passage around this item
… earlier in the release
Cash income and mining taxes paid during the period totaled approximately $12 million, bringing the full-year total to $45 million. Cash taxes paid in 2024 primarily reflect income and mining tax payments in Mexico. Coeur expects to pay approximately $75 - $85 million in cash taxes during the first quarter of 2025 primarily as a result of the strong operational performance at Palmarejo and the newly acquired Las Chispas operation. Quarterly operating cash flow totaled $64 million compared to $111 million in the prior period. For the full year, operating cash flow nearly tripled to $174 million mainly driven by strong operational performance in the second half of 2024. Fourth quarter capital expenditures were $48 million compared to $42 million in the prior period, bringing the full-year total to $183 million and within Coeur’s 2024 guidance range of $160 - $200 million. Sustaining and development capital expenditures accounted for approximately $41 million and $7 million, or 85% and 15%, respectively, of Coeur’s total capital investment during the quarter. The Company expects to generate negative free cash flow during the first quarter due to one-time outflows, including the previously mentioned $75 - $85 million in cash taxes, annual incentive plan payments, semi-annual interest on the Company’s 5.125% Senior Notes due 2029, Rochester property taxes and SilverCrest transaction-related costs. SilverCrest Acquisition Transaction On February 14,
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.