Loading...
•
Dec 31, 2019
Coeur Q4 2019 Earnings Report
Coeur's financial performance was driven by solid improvement in annual results and strong cost performance from primary gold operations.
Key Takeaways
Coeur Mining, Inc. reported Q4 2019 revenue of $195.0 million and cash flow from operating activities of $39.3 million. The company's net loss was $270.9 million, or $1.13 per share, but adjusted EBITDA was $59.8 million with a net loss of $3.3 million, or $0.01 per share.
Revenue, operating cash flow and adjusted EBITDA increased 14%, 357% and 11%, respectively, in 2019.
Generated $18.4 million of free cash flow during the fourth quarter, representing a 63% increase compared to the prior period and a $36.1 million improvement compared to the fourth quarter of 2018.
Measured and indicated resources increased across all metals, and inferred gold, zinc and lead resources were higher year-over-year.
Ended the year with $295.5 million in total debt, compared to $458.8 million at the end of 2018.
Forward Guidance
Coeur Mining provided full-year 2020 production and cost guidance.
Positive Outlook
- Full-year 2020 Palmarejo production is expected to be 95,000 - 110,000 ounces of gold and 6.3 - 7.8 million ounces of silver
- Full-year 2020 Rochester production is expected to be 27,000 - 33,000 ounces of gold and 4.0 - 5.5 million ounces of silver
- Full-year 2020 Kensington production is expected to be 115,000 - 130,000 ounces of gold
- Full-year 2020 Wharf production is expected to be 80,000 - 90,000 ounces of gold
- 2020 Capital Expenditures, Sustaining $65 - $80 million
Challenges Ahead
- Full-year 2020 Palmarejo CAS are expected to be $785 - $885 per gold ounce and $10.35 - $11.35 per silver ounce
- Full-year 2020 Rochester CAS are expected to be $1,175 - $1,325 per gold ounce and $13.25 - $14.50 per silver ounce
- Full-year 2020 Kensington CAS are expected to be $900 - $1,000 per gold ounce
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...