Loading...
•
Mar 31, 2020
Coeur Q1 2020 Earnings Report
Coeur's financial results were in line with expectations, led by strong performance from Palmarejo, while advancing key priorities and maximizing financial flexibility amid COVID-19 uncertainty.
Key Takeaways
Coeur Mining reported first quarter 2020 financial results, including revenue of $173.2 million and a GAAP net loss from continuing operations of $11.9 million, or $0.05 per share. On an adjusted basis, the Company reported EBITDA of $46.6 million and net loss from continuing operations of $0.8 million, or $0.00 per share.
Gold sales represented a record high 74% of quarterly revenue, while Coeur’s three U.S. operations comprised 56% of quarterly revenue.
Palmarejo was the Company’s top performing operation, driven by a 10% increase in gold production quarter-over-quarter, generating $28.9 million in operating cash flow and $21.8 million of free cash flow.
Coeur processed 37,677 tons per day through the upgraded crusher configuration at Rochester during the first quarter, exceeding its target by 11% and was 33% higher than the prior quarter and received approval for planned expansion.
Coeur began its largest exploration program in Company history, drilling roughly 20% more footage than the prior period
Forward Guidance
Coeur Mining looks forward to delivering on key objectives during the remainder of the year in a constructive gold price environment and to navigating the near-term uncertainty related to COVID-19 and remains enthusiastic about the opportunities it is pursuing to deliver high-return growth over the coming years for its stockholders.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...