Coeur Q2 net loss $0.10/sh; Rochester expansion cost up $40-60M; gold guidance cut 5%

Coeur Mining, Inc.

2023-Q2 EPS reported -$0.18 revenue$364,533,000

Q2 revenue $177M; GAAP net loss $32.4M ($0.10/sh); adjusted net loss $20.2M ($0.06/sh).
Gold production 68,406 oz, silver 2.4M oz; average realized gold price $1,809/oz, silver $23.91/oz.
Rochester expansion 97% complete; total project cost expected $710M-730M, ~$40-60M above prior guidance.
2023 gold production guidance lowered to 304,000-352,500 oz (~5% cut); silver guidance maintained at 10-12M oz.
Wharf received state permit for 50-acre Boston expansion; RCF covenant amended to 5.5x net leverage for Q3.

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 0.9

Coeur Mining, Inc. updated its 2023 guidance (lowered).

Period: 2023
Guidance: lowered
Result: guidance update

Exact text from the filing

Full-year silver production guidance maintained; gold production guidance revised to reflect lower outlook at Kensington – 2023 silver production is expected to be 10 - 12 million ounces. 2023 gold production is expected to be 304,000 - 352,500 ounces, approximately 5% lower than prior full-year gold production guidance, after taking Kensington’s lower than anticipated second quarter production into account

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Coeur Mining, Inc. reported quarter ended June 30, 2023 results: revenue $177 million, net income GAAP net loss from continuing operations of $32 million, EPS $0.10 per share.

Period: quarter ended June 30, 2023
Revenue: $177 million
Net income: GAAP net loss from continuing operations of $32 million
EPS: $0.10 per share
Result: reported results

Exact text from the filing

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported second quarter 2023 financial results, including revenue of $177 million and cash flow from operating activities of $39 million. The Company reported GAAP net loss from continuing operations of $32 million, or $0.10 per share.

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Source: SEC EDGAR

accession 0000215466-23-000125

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