NYSE$CDE

Coeur Mining Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Coeur reported strong Q4 2024 results with increased revenue and positive free cash flow.

Coeur Mining delivered strong financial results in Q4 2024, reporting revenue of $305.4 million and net income of $37.9 million. Adjusted EBITDA reached $116.4 million, marking another quarter of solid performance. Free cash flow remained positive at $16.1 million, while the company continued its debt reduction efforts, repaying $30 million of its revolving credit facility.

  • Revenue for Q4 2024 totaled $305.4 million, up from $262.1 million in Q4 2023.
  • Net income was $37.9 million, with an EPS of $0.08.
  • Adjusted EBITDA reached $116.4 million, reflecting strong operational performance.
  • Free cash flow was positive at $16.1 million, marking the second consecutive quarter of positive cash flow.

Headline financials

Total Revenue

$305M

Previous: $262M+16.5%
EPS (adj)

$0.11

Previous: -$0.02+650.0%
Adjusted EBITDA

$116M

Previous: $64.3M+80.9%
Operating Cash Flow

$63.8M

Previous: $65.3M-2.3%
Gold Ounces Produced

87.1K

No prior period
Silver Ounces Produced

3.2M

No prior period
Gold Ounces Sold

85.6K

No prior period
Silver Ounces Sold

3.2M

No prior period
Capital Expenditures

-$47.7M

Previous: -$92.7M+48.5%
Net Income

$37.9M

Previous: -$25.5M+248.6%
Operating Income

$105M

Previous: -$25.5M+510.2%
Gross Profit

$89.2M

Previous: $35.2M+153.7%

Revenue & EPS history

Coeur · Revenue · Quarterly

$305M

Q4 2024+16.5%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Coeur · $189M total across 2 segments · Q1 2022

  • Gold Sales
    $130M-6.4%
  • Silver Sales
    $59M-7.5%

Forward guidance

Coeur expects record production in 2025, driven by the newly expanded Rochester operation and the integration of the Las Chispas acquisition.

Tailwinds

  • 2025 gold production expected to grow 20% year-over-year.
  • Silver production forecasted to increase by 62% due to Las Chispas integration.
  • Continued focus on deleveraging with further debt repayments planned.
  • Exploration investments to expand reserve base at Kensington and Palmarejo.
  • Cost reduction initiatives expected to improve margins.

Headwinds

  • Q1 2025 expected to have one-time transaction costs related to SilverCrest acquisition.
  • Seasonally lower production levels anticipated in Q1.
  • Higher cash tax payments of $75-$85 million in Q1.
  • Ongoing capital expenditures related to Rochester expansion.
  • Potential volatility in gold and silver prices impacting revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-1.5%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-2.6%

Avg return

30 days after

41%

28 / 68 earnings

Positive

+21.4%

Q1 2025

Best reaction

-19.6%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.3%+7.6%-13.1%
Q4 2025+6.2%+9.7%-21.8%
Q3 2025-3.0%-24.3%-5.4%
Q1 2025+21.4%+33.3%+63.5%
Q4 2024-3.9%-19.8%-2.2%
Q3 2024+8.6%+5.4%+9.6%
Q2 2024+0.0%+3.2%-1.9%
Q1 2024+6.0%+13.7%+27.2%
Q4 2023+1.5%-2.7%+27.1%
Q3 2023-6.8%-14.5%+28.1%
Q2 2023-11.6%-8.2%-17.5%
Q1 2023-3.1%-6.5%-12.1%
Q4 2022-4.4%-4.8%+4.8%
Q3 2022-10.9%-17.1%-22.9%
Q2 2022+2.3%+3.9%-12.6%
Q1 2022+0.5%-10.1%+8.3%
Q4 2021-13.9%-18.5%-9.9%
Q3 2021-9.5%-0.6%-16.4%
Q2 2021+2.7%-1.5%-6.1%
Q1 2021-13.5%-8.2%+9.4%
Q4 2020-6.5%+12.5%+11.0%
Q3 2020-10.4%-5.0%-8.3%
Q2 2020-4.7%-5.2%+1.0%
Q1 2020-12.5%-11.8%+32.1%
Q4 2019+0.3%-18.5%-53.5%
Q3 2019+3.0%+5.3%+29.3%
Q2 2019+9.0%+6.8%-4.3%
Q1 2019-10.2%-6.4%-21.3%
Q4 2018+1.6%-6.4%-17.2%
Q3 2018+1.6%+7.8%-18.7%
Q2 2018-9.4%-16.3%-30.2%
Q1 2018-2.9%-9.6%-1.9%
Q4 2017-7.0%-6.3%-0.2%
Q3 2017-10.6%-8.0%-8.0%
Q2 2017-6.9%-3.3%-4.6%
Q1 2017-3.1%-3.2%+8.7%
Q4 2016-19.6%-19.7%-35.3%
Q3 2016-1.9%-1.4%-15.8%
Q2 2016+9.4%+16.1%+1.6%
Q1 2016+4.8%
Q4 2015+14.2%
Q3 2015+5.2%
Q2 2015-7.5%
Q1 2015-2.7%
Q4 2014-12.2%
Q3 2014-1.6%
Q2 2014+2.4%
Q1 2014-5.6%
Q4 2013+2.7%
Q3 2013-9.7%
Q2 2013+12.4%
Q1 2013-4.8%
Q4 2012+1.9%
Q3 2012-14.2%
Q2 2012+7.6%
Q1 2012-6.8%
Q4 2011-2.6%
Q3 2011+8.1%
Q2 2011+0.7%
Q1 2010-3.6%
Q1 2011-2.1%
Q4 2008+5.0%
Q4 2010+5.0%
Q3 2009+11.8%
Q3 2010+11.8%
Q4 2009-3.4%
Q2 2009-3.4%
Q2 2010-3.4%

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