Company Overview

Coeur Mining, Inc. operates as a gold and silver producer in the United States, Canada, and Mexico. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc. in May 2013. Listed on the New York Stock Exchange under the ticker CDE, the company is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations. As of August 29, 2025, the current market capitalization of Coeur Mining is $8.45 billion.

Operations and Mining Assets

Current Mining Operations

Coeur operates five wholly-owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota.

Key Mining Properties

- Rochester Mine, Nevada: A heap-leach surface silver and gold mine located in the Humboldt Mountains near Lovelock, Nevada. The newly expanded Rochester silver and gold mine in Nevada achieved commercial production in March 2024. It has the potential to be one of the world's largest open-pit heap leach operations.

- Palmarejo Mine, Mexico: A surface and underground gold and silver mine located about 420 kilometers by road southwest of the city of Chihuahua in northwestern Mexico. At Palmarejo in Mexico, the 2024 exploration campaign was also a major success, leading to a 75% increase in its inferred mineral resource base.

- Silvertip Exploration Project: The Company wholly-owns the Silvertip polymetallic exploration project in British Columbia. Silvertip has the potential to become a key catalyst of growth for the company.

Recent Financial Performance

Q4 2024 and Full Year Results

For Q4 2024, Coeur reported revenue of $305 million and cash flow from operating activities of $64 million. The Company reported GAAP net income from continuing operations of $38 million, or $0.08 per share.

Q1 2025 Results

For Q1 2025, the company reported revenue of $360 million and cash flow from operating activities of $68 million. The Company reported GAAP net income from continuing operations of $33 million, or $0.06 per share.

Annual Financial Metrics

As of June 30, 2025, Coeur Mining has a trailing 12-month revenue of $1.46 billion. Coeur Mining's EPS for 12 months was $0.40.

Production Performance

2024 Production Highlights

Coeur Mining sold 255,261 gold ounces and 8.2 million silver ounces in the first nine-month period ended Sept. 30, 2024, which represented 18% and 15% year-over-year increases, respectively. Based on strong year-to-date production, CDE expects gold production to be in the range of 310,000-350,000 ounces in 2024 and silver production to be in the band of 10.7-13.3 million ounces.

Rochester Performance

Rochester placed approximately 7.1 million tons under leach during the third quarter of 2024, leading to a production of 1.2 million ounces of silver and 9,690 ounces of gold, representing quarter-over-quarter increases of 19% and 21%, respectively. It is on track to achieve its full-year production targets of 4.8-6.6 million ounces of silver and 37,000-50,000 ounces of gold.

Strategic Developments

SilverCrest Acquisition

In October, Coeur Mining signed a definitive agreement to acquire all issued and outstanding shares of SilverCrest Metals Inc. The transaction is expected to create a leading global silver company, with 2025 silver production of 21 million ounces. The combined company will generate approximately $700 million of EBITDA and $350 million of free cash flow in 2025.

Share Repurchase Program

Coeur Mining announced that its Board of Directors has authorized a $75 million share repurchase program, demonstrating confidence in the company's financial position.

Mineral Reserves and Resources

2024 Year-End Reserves

Year-end 2024 proven and probable mineral reserves totaled 3.6 million ounces of gold and 270.5 million ounces of silver, which reflects a 22% year-over-year increase in gold reserves at Kensington and the inclusion of silver and gold ounces from the recently-acquired Las Chispas operation.

Measured and indicated mineral resources totaled 3.7 million ounces of gold, 198.9 million ounces of silver, 1,517 million pounds of zinc, and 768.7 million pounds of lead.

Key Reserve Improvements

Kensington's gold proven and probable mineral reserves increased 22% to 500,000 ounces with the mine life extended to five years. Wharf gold measured and indicated mineral resources more than doubled; gold inferred mineral resources more than tripled.

Business Model and Operations

The company explores for gold, silver, zinc, lead, and other related metals. It markets and sells its concentrates to third-party customers, including refiners and smelters, under off-take agreements.

Coeur Mining has established itself as a significant player in the precious metals sector with diversified operations across North America and a strong pipeline of exploration and development opportunities. The company's strategic focus on operational excellence, cost management, and resource expansion positions it for continued growth in the precious metals market.