Coeur Mining’s Strong 2024 Results and SilverCrest Acquisition

Coeur D’alene Mines ( (CDE) ) has released its Q4 earnings. Here is a breakdown of the information Coeur D’alene Mines presented to its investors.

Coeur Mining, Inc., a U.S.-based company, operates as a diversified precious metals producer, with significant operations across North America in the mining of gold and silver. The company recently completed the acquisition of SilverCrest Metals Inc., enhancing its standing as a leading global silver producer.

Coeur Mining reported robust financial results for the fourth quarter and full-year 2024, marked by a solid revenue of $305 million for the quarter and $1.1 billion for the year. The company noted significant increases in both gold and silver production, with an impressive year-over-year EBITDA growth of 138% to $339 million.

Key highlights from the earnings report include a second consecutive quarter of positive free cash flow, substantial debt reduction, and the completion of the acquisition of SilverCrest Metals, which adds the Las Chispas silver and gold operation to Coeur’s portfolio. The company also reported improvements in production efficiency and cost reductions, notably a 9% decline in the costs applicable to silver sales.

Looking ahead, Coeur Mining is optimistic about 2025, anticipating record-breaking production levels spurred by the integration of the Las Chispas operation and the expanded Rochester facility. The company has outlined a comprehensive exploration and development agenda to sustain growth and enhance its resource base, signaling a strong outlook for the future.

In summary, Coeur Mining’s strategic initiatives and strong operational performance position the company well for continued success in the coming year, as it capitalizes on higher production capacities and ongoing exploration efforts to deliver value to its stakeholders.