Company Overview: Coeur Mining, Inc.

Business Focus

• Core operations involve the discovery, mining, and production of gold and silver.
• Assets located in the United States, Mexico, and Canada.
• The company also has an exploration project for silver, zinc, lead, and other related metals (Silvertip).
• Following an acquisition of SilverCrest Metals, Inc., the company will add the Las Chispas operating segment.

Operations & Assets

• Operates multiple mines including:
  • Palmarejo
  • Rochester
  • Kensington
  • Wharf
  • (Upcoming) Las Chispas (post-acquisition)
• The company produces doré (refined gold and silver bullion), concentrates, and electrolytic cathodic sludge.
• Supplies are sold globally with the majority of gold and silver produced being shipped to international banks, bullion trading houses, and refiners.

Customer Base & Sales

• Top customers (each representing over 10% of total sales) include:
  • Bank of Montreal
  • Ocean Partners
  • Asahi
• Sales distribution:
  • Approximately 79%-80% of total metal sales are to seven trading counterparties, including Bank of Montreal and Ocean Partners.
  • Gold sales total approximately $734.9 million (2024).
  • Silver sales total approximately $319.1 million (2024).

Financial Highlights (2024)

• Revenue: $1.054 billion
• Net Income: $58.9 million
• Total Assets: $2.3 billion
• Market Value (as of most recent reporting): approximately $2.21 billion (market capitalization based on shares held by non-affiliates).

Employees & Shares

• Shares outstanding: 638,557,875 (as of February 17, 2025).
• Employees: Not explicitly specified in the provided document.
• Revenue: $1.054 billion for the fiscal year ended December 31, 2024.
• Income: Net income of $58.9 million for the same period.

Additional Details

• The company manages risks related to commodity prices, foreign currency rates, and interest rates using derivatives.
• It maintains significant reclamation and environmental obligations, with bonded obligations exceeding $300 million.
• Has a diverse and geographically spread customer base with trading counterparties in multiple countries.
• The ongoing operations and assets are evaluated regularly for impairment, and the company maintains a focus on sustainable reclamation and regulatory compliance.