Coeur Q1 2021 Earnings Report
Key Takeaways
Coeur Mining reported a solid start to 2021, driven by strong gold production across its assets. The company saw year-over-year increases in quarterly revenue, adjusted EBITDA, and operating cash flow before changes in working capital. They also commenced major construction on the expansion of the Rochester mine.
Coeur's first quarter results reflect a strong start to the year led by solid production and higher prices.
Gold production exceeded expectations, tracking well towards full-year guidance.
Coeur enhanced liquidity and balance sheet through refinancing and extending credit facility maturity.
Major construction commenced on the Rochester expansion project, remaining on schedule.
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Coeur Revenue by Geographic Location
Forward Guidance
Coeur reaffirmed its full-year 2021 production guidance of 322,500 - 367,500 ounces of gold and 9.7 - 12.2 million ounces of silver. Additionally, full-year cost, exploration and capital expenditure guidance was reaffirmed.