earnings
confidence high
sentiment positive
materiality 0.80
Coeur Mining Q2 2024: revenue $222M, adjusted EPS ($0.01), Rochester ramp-up complete
Coeur Mining, Inc.
2024-Q2 EPS reported
-$0.07
revenue$435,086,000
- Revenue $222M (+25% YoY); GAAP net income $1.4M ($0.00/sh), adjusted net loss $3.4M ($0.01/sh).
- Rochester achieved >88K tons/day throughput; silver & gold production each +39% QoQ.
- Closed $25M acquisition of Fresnillo concessions adjacent to Palmarejo; $10M paid at closing.
- Gold & silver hedging program concluded; Coeur now fully exposed to spot prices.
- FY2024 production guidance maintained: 310-355K oz Au, 10.7-13.3M oz Ag; cost guidance adjusted.