Coeur Mining, Inc. reported a significant financial performance for the fiscal year ending December 31, 2024, with total revenue reaching $1.1 billion, a 28% increase from $821.2 million in 2023. The company achieved a net income of $58.9 million, or $0.15 per diluted share, compared to a net loss of $103.6 million in the previous year. Adjusted EBITDA for 2024 was $339.2 million, up from $142.3 million in 2023, reflecting improved operational efficiency and higher metal prices. The increase in revenue was driven by higher sales volumes and prices for both gold and silver, with gold sales amounting to $734.9 million and silver sales at $319.1 million.
Operationally, Coeur Mining produced 341,582 ounces of gold and 11.4 million ounces of silver in 2024, marking increases of 8% and 11%, respectively, compared to the previous year. The company attributed these gains to enhanced production capabilities at its various mining sites, particularly following the completion of the Rochester expansion and improved recovery rates at the Palmarejo mine. The average realized price for gold rose to $2,156 per ounce, while silver averaged $27.95 per ounce, reflecting a favorable market environment.
Strategically, Coeur Mining completed the acquisition of SilverCrest Metals Inc. on February 14, 2025, for approximately $1.58 billion, which is expected to enhance its production capabilities and market position. This acquisition adds the Las Chispas silver-gold operation in Sonora, Mexico, to Coeur's portfolio, further diversifying its asset base. The company also reported a reduction in its outstanding debt, with total debt decreasing to $590.1 million from $545.3 million in 2023, and a net debt to adjusted EBITDA ratio of 1.6x at year-end.
In terms of operational metrics, Coeur Mining's workforce comprised approximately 2,116 employees as of December 31, 2024, with a focus on maintaining a safe and inclusive work environment. The company has implemented various initiatives to enhance employee engagement and development, including leadership training programs and community partnerships aimed at fostering local talent. The company also reported a strong commitment to environmental, social, and governance (ESG) practices, with ongoing efforts to reduce greenhouse gas emissions and improve community relations.
Looking ahead, Coeur Mining anticipates continued growth in 2025, projecting gold production between 380,000 and 440,000 ounces and silver production between 16.7 million and 20.3 million ounces. This expected growth is primarily attributed to the contributions from the newly acquired Las Chispas operation and the full-year impact of the Rochester expansion. The company remains focused on optimizing its operations and managing costs effectively to sustain profitability in a volatile market environment.
About Coeur Mining, Inc.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.