Coeur Mining reports Q4 revenue $210M, full-year net loss $78M; provides 2023 guidance

Coeur Mining, Inc.

2022-FY EPS reported -$0.28 revenue$785,636,000

Q4 GAAP net income $49M ($0.17/sh) includes $62M gain on Crown Sterling sale; adjusted net loss $18M ($0.06/sh).
Full-year revenue $786M, GAAP net loss $78M ($0.28/sh); adjusted net loss $89M ($0.32/sh).
2022 gold production 330,346 oz, silver 9.8M oz, within guidance; 2023 guidance: gold 320k-370k oz, silver 10-12M oz.
Rochester POA 11 expansion 74% complete, on track for mid-2023 completion; total project capital unchanged at $650-670M.
Liquidity $342M at year-end; plus $40M from Victoria Gold sale in Jan 2023; new silver hedges for 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

Coeur Mining, Inc. reported full-year ended December 31, 2022 results: revenue $786 million, net income GAAP net loss from continuing operations of $78 million, EPS $0.28 per share (loss).

Period: full-year ended December 31, 2022
Revenue: $786 million
Net income: GAAP net loss from continuing operations of $78 million
EPS: $0.28 per share (loss)
Result: reported results

Exact text from the filing

For the full year, Coeur reported revenue of $786 million, cash flow from operating activities of $26 million and GAAP net loss from continuing operations of $78 million, or $0.28 per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

Coeur Mining, Inc. reported fourth quarter ended December 31, 2022 results: revenue $210 million, net income GAAP net income from continuing operations of $49 million, EPS $0.17 per share.

Period: fourth quarter ended December 31, 2022
Revenue: $210 million
Net income: GAAP net income from continuing operations of $49 million
EPS: $0.17 per share
Result: reported results

Exact text from the filing

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported fourth quarter 2022 financial results, including revenue of $210 million and cash flow from operating activities of $29 million. The Company reported GAAP net income from continuing operations of $49 million, or $0.17 per share, driven by a $62 million gain on sale of the Crown and Sterling (“Crown Sterling”) holdings.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Coeur Mining, Inc. updated its full-year 2023 guidance (reaffirmed).

Period: full-year 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

2023 guidance ranges consistent with 2022 investor day outlook – The Company expects 2023 gold and silver production of 320,000 - 370,000 ounces and 10.0 - 12.0 million ounces, respectively, driven by strong expected second half silver and gold production increases consistent with the planned ramp-up at Rochester following completion of the POA 11 expansion project and by higher expected gold production from the Wharf gold operation

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Source: SEC EDGAR

accession 0000215466-23-000028

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