Coeur Mining Q1 net loss $24.6M; reaffirms 2023 guidance; Rochester expansion 82% complete

Coeur Mining, Inc.

2023-Q1 EPS reported -$0.08 revenue$187,298,000

Revenue $187M, net loss $24.6M ($0.08/sh); adjusted net loss $33.1M ($0.11/sh).
Gold production 69,039 oz, silver 2.5M oz; reaffirms full-year production guidance.
Rochester expansion 82% complete; Merrill-Crowe plant mechanical completion ahead of schedule; 2023 capex $197-207M.
Hedged ~158k oz gold at $1,968/oz and 3.7M oz silver at $25.04/oz for 2023.
Ended Q1 with $382M liquidity ($67M cash, $300M revolver capacity).

item 2.02 item 5.03 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Coeur Mining, Inc. reported the quarter ended March 31, 2023 results: revenue $187 million, net income $24.6 million, EPS $(0.08) per share. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $187 million
Net income: $24.6 million
EPS: $(0.08) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Guidance Chicago, Illinois - May 10, 2023 - Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported first quarter 2023 financial results, including revenue of $187 million and cash flow from operating activities of $(35) million. The Company reported GAAP net loss from continuing operations of $25 million, or $0.08 per share. On an adjusted basis 1

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Coeur Mining, Inc. shareholders approved Election of Directors at the 2023-05-09 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-09

Exact text from the filing

Proposal 1. Election of Directors The stockholders elected the following nine individuals to Coeur’s Board of Directors for one-year terms expiring at the 2024 Annual Stockholders’ Meeting. The voting results were as follows: For Against Abstain Approval Percentage (1) Robert E. Mellor 176,584,186 13,455,002 265,705 92.92% Linda L. Adamany 188,372,200 1,673,660 259,033 99.12% Paramita Das 188,637,298 1,369,874 297,721 99.28% Sebastian Edwards 184,667,232 5,343,424 294,237 97.19% Randolph E. Gress 184,978,139 5,029,681 297,073 97.35% Jeane L. Hull 188,216,953 1,808,419 279,521 99.05% Mitchell J. Krebs 188,368,183 1,674,765 261,945 99.12% Eduardo Luna 188,809,862 1,206,473 288,558 99.37% J. Kenneth Thompson 161,862,829 28,179,631 262,433 85.17% Broker Non-Votes: 37,991,987

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Coeur Mining, Inc. shareholders approved Approval of advisory resolution on the frequency of future advisory votes on executive compensation. at the 2023-05-09 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-05-09

Exact text from the filing

Proposal 4. Approval of advisory resolution on the frequency of future advisory votes on executive compensation. The stockholders approved an advisory resolution on the frequency of future advisory votes on executive compensation. The voting results were as follows: 1 Year Percentage (1) 2 Years Percentage (1) 3 Years Percentage (1) Abstain Broker Non-Votes 178,586,063 94.02% 948,436 0.50% 10,404,452 5.48% 365,942 37,991,987

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Coeur Mining, Inc. shareholders approved Approval of advisory resolution on executive compensation. at the 2023-05-09 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-09

Exact text from the filing

Proposal 3. Approval of advisory resolution on executive compensation. The stockholders approved an advisory resolution on executive compensation. The voting results were as follows: For Against Abstain Broker Non-Votes Approval Percentage (1) 183,521,344 6,347,308 436,241 37,991,987 96.66%

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Coeur Mining, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm. at the 2023-05-09 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-09

Exact text from the filing

Proposal 2. Ratification of Appointment of Independent Registered Public Accounting Firm. The stockholders ratified the appointment of Grant Thornton LLP as Coeur’s independent registered public accounting firm for the 2023 fiscal year. The voting results were as follows: For Against Abstain Broker Non-Votes Approval Percentage (1) 226,854,710 1,151,449 290,721 — 99.49%

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Source: SEC EDGAR

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