secwatch.observer — SEC 8-K summary
======================================

Issuer:     Coeur Mining, Inc. (CDE)
CIK:        0000215466
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0000215466-24-000070
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coeur Mining exchanges $5.9M notes for stock, settles Kensington royalty litigation with Maverix
--------------------------------------------------------------------------------

- Exchanged $5.9M principal of 5.125% Senior Notes due 2029 for 1,771,651 common shares in a private transaction.
- Resolved litigation with Maverix Metals over Kensington mine royalty; amended royalty rate to 1.25% (2024-2026) and 1.5% (2027+), eliminated cost recoupment.
- As part of settlement, Coeur will issue up to 2,455,000 shares to Maverix affiliate; $3.0M value due by Apr 2, 2024, and $3.75M by Mar 28, 2025.
- Settlement shares credited against royalty as payment in arrears for pre-2024 production; royalty applies to up to 2M oz gold from Kensington.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/215466/000021546624000070/0000215466-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/215466/000021546624000070/cde-20240328.htm
  HTML page:      https://secwatch.observer/filing/0000215466-24-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer