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Dec 31, 2024
Coeur Q4 2024 Earnings Report
Coeur reported strong Q4 2024 results with increased revenue and positive free cash flow.
Key Takeaways
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.
Forward Guidance
Coeur expects record production in 2025, driven by the newly expanded Rochester operation and the integration of the Las Chispas acquisition.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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