earnings
confidence high
sentiment positive
materiality 0.80
Coeur Q3 net income $49M, revenue $313M, gold production +21% QoQ, reaffirms guidance
Coeur Mining, Inc.
2024-Q3 EPS reported
$0.05
revenue$748,562,000
- GAAP net income $48.7M ($0.12/sh); adjusted net income $47.2M ($0.12/sh); adjusted EBITDA $126M (+140% QoQ).
- Gold production 94,993 oz (+21% QoQ), silver 3.0M oz (+15% QoQ); costs per ounce down 12% QoQ.
- Rochester expansion on track: 7.1M tons placed under leach; full-year guidance reaffirmed.
- Announced $1.7B acquisition of SilverCrest (Las Chispas) expected Q1 2025; Coeur holders ~63% of combined.
- Free cash flow $69M (highest in decade); reduced revolver by $50M to $225M; net debt/EBITDA below 2.0x.