Coeur Mining (CDE) thread

[drbubb]

Coeur Mining (CDE) thread, ex. Coeur D'Alene Mining

Oct.2022 Update

CDE / Coeur Mining... All: from 2016: 10yr: 5yr: 2yr: Ytd: 10d/ $3.89 +0.47, +13.79%. (Range: 2.54 to 7.64)

1/ This from MarketWatch

"We took the five letters that have done best over the last year. (I left out Closed-End Country Fund Report, the amazing El Cid of investment letters, because it hasn't updated since October 2004. See July 7, 2005 column

And we looked to see what stocks they liked. Note: Hulbert Interactive updates dynamically. These results were as of last week.

As it happens, only one stock was held by more than one of the top five letters. It was Coeur D'Alene Mines Corp. (CDE : Coeur d'Alene Mines Corporation/ Last: 4.35-0.32-6.85%) , the primary silver producer in the U.S.

It was held by seven letters in total, including three of the top five: Ruff Times (up 36.9% vs. the dividend-reinvested Dow Jones Wilshire 5000's 10.38%); Outstanding Investments (up 30.1%); The Dines Letter (up 20.1%).

So I suggested Coeur D'Alene.

I could have suggested another stock, probably Anglogold Ashanti Ltd. (AU )" : source

2/ This from my long term chart ... All-Data-L: 10yr: 5yr: 2yr: 1yr: 10d / Last: $7.98 @ 12/24/19

10yr:

To me, the chart suggests it may be a good Buy at just above $4.00- but with a tight stop just below $4.00

(i usually wait until I am in profit, but if it breaks $4 by more than a few ticks, it could fall further)

[drbubb]

Coeur Mining

CDE ... update / Last: $5.97 +0.16

 

[drbubb]

Update - a nice rally, at last

CDE / Coeur Mining ... 3yr / Last:  $6.79 - 0.45, -6.22%

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[drbubb]

Breaking out pushing to $8, with $9 Target - or higher

CDE ... 5yr: / Last $7.98

[drbubb]

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Recent Bulletins

News ReleasesIn The NewsOther

Date ET	Symbol	Type	Headline
2019-12-17 07:00	U:CDE	News Release	Coeur Provides 2019 Exploration Update

Silvertip: Plan Map (Photo: Business Wire)

• Successful launch of expansion drilling program at Silvertip – Drilling within the Discovery zone intercepted multiple manto structures with high-grade assay results from step-out holes. Notable intervals include: 13.1 feet (4.0 meters) of 29.5 ounces per ton (“oz/t”) (1,011.9 grams per tonne (“g/t”)) silver, 20.2% zinc and 21.8% lead, and 19.2 feet (5.9 meters) of 4.1 oz/t (139.6 g/t) silver, 23.2% zinc and 2.8% lead.
• Promising assay results from new areas at Sterling and Crown – Expansion drilling at Sterling and Crown returned several notable intervals from the historic Sterling and Daisy mining areas. A single hole drilled southeast of Sterling returned 390.0 feet (118.9 meters) of 0.05 oz/t (1.6 g/t) gold and 145.0 feet (44.2 meters) of 0.11 oz/t (3.8 g/t) gold, along with two additional intercepts of 55.0 feet (16.8 meters) of 0.01 oz/t (0.4 g/t) gold and 45.0 feet (13.7 meters) of 0.01 oz/t (0.4 g/t) gold. At Daisy, a single hole returned 150.0 feet (45.7 meters) of 0.06 oz/t (2.0 g/t) gold, 85.0 feet (25.9 meters) of 0.08 oz/t (2.6 g/t) gold and 25.0 feet (7.6 meters) of 0.12 oz/t (4.1 g/t) gold.
• Expansion drilling discovered multiple new high-grade targets at Kensington – Highlights include high-grade assays from Elmira, Eureka and Johnson, all located near existing infrastructure. Results at Elmira include 3.7 feet (1.1 meters) of 4.40 oz/t (150.7 g/t) gold, while assays at Eureka returned 15.4 feet (4.7 meters) of 0.34 oz/t (11.7 g/t) gold. Additionally, the first hole drilled at Johnson returned 2.5 feet (0.8 meters) of 2.12 oz/t (72.7 g/t) gold.
• Continued positive results from drilling at Palmarejo – Expansion drilling north of the Independencia mine complex returned 30.5 feet (9.3 meters) of 0.05 oz/t (1.5 g/t) gold and 5.2 oz/t (179.0 g/t) silver. Infill drilling in the northern portion of the Guadalupe mine complex returned several high-grade intercepts, including 21.7 feet (6.6 meters) of 0.29 oz/t (10.0 g/t) gold and 20.2 oz/t (690.9 g/t) silver, and 18.7 feet (5.7 meters) of 0.37 oz/t (12.8 g/t) gold and 30.6 oz/t (1,047.5 g/t) silver. Infill drilling at La Nación, located within the Independencia mine complex, returned 31.5 feet (9.6 meters) of 0.16 oz/t (5.4 g/t) gold and 12.5 oz/t (429.6 g/t) silver, and 5.3 feet (1.6 meters) of 1.24 oz/t (42.5 g/t) gold and 108.4 oz/t (3,714.9 g/t) silver.

Year-to-date through the end of the third quarter, Coeur’s investment in exploration totaled approximately $21.0 million ($15.3 million expensed and $5.6 million capitalized). The Company expects to spend approximately $26-$34 million on exploration this year, including $18-$22 million and $8-$12 million of expensed and capitalized exploration, respectively¹. Over 90%² of the Company’s 2019 exploration budget has been allocated to near-mine drilling,

[drbubb]

CDE is correcting

CDE ... update / Last

[drbubb]

SOLD my $10 Puts on silver stock CDE yesterday, for more than a Double

CDE / Coeur Mining ... 1 year / Last: $4.94, down for 12 mo. High of $8.29

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[drbubb]

Metal.   :  2021 =  AU , AG  :  2022 =  AU , AG :
====== :  ===== : 1870, 22 :  ===== : 1870, 22 :
AU Prod. 85,225 : $159.4M:  75,409 : $141.0M: Est.Rev
AG Prod : 2.40M : $. 52.8M:   2.50M : $. 55.0M:    "   "
  / 85.0   : 28,200  :  - - - - - - :   29.400 :    - - - - - - :
Prod. oz : 113.4k : $ 212 M :  104.8k : $ 196 M :  - 7.6% Prod, GEO
Act.Revs : ====  : $ 202 M :   ===== :  $ 188 M :  - 6.9% Revs
Net Income : ==  : $  2.1 M :   ===== :  $  7.7 M :  + 267%

 

CDE ... update : Last: $3.86

Coeur reports higher silver and lower gold production in first quarter, reaffirms full year ...

Kitco News | May 5

(Kitco News) - Coeur Mining (NYSE: CDE) reported today that in Q1 2022, the company produced 75,409 ounces of gold (Q1 2021: 85,225 ounces) and 2.5 million ounces of silver (Q1 2021: 2.4 million ounces).

Coeur Mining (NYSE: CDE) reported today that in Q1 2022, the company produced 75,409 ounces of gold (Q1 2021: 85,225 ounces) and 2.5 million ounces of silver (Q1 2021: 2.4 million ounces).

The company said that solid performances at Palmarejo and Wharf more than offset COVID-19 impacts at Kensington and lower production levels at Rochester.

According to a press-release, production during the first quarter was in-line with Coeur’s expectations, leading the company to reaffirm 2022 guidance.

The company’s first quarter 2022 revenue totaled $188 million compared to $208 million in the prior period and $202 million in the first quarter of 2021.

Quarterly operating cash flow totaled $(6) million compared to $35 million in the prior period, mainly driven by lower metal sales and changes in working capital. The company also reported Q1 2022 net income of $7.7 million (Q1 2021: $2.1 million).

“Coeur delivered first quarter gold and silver production in-line with expectations, and we remain positioned to meet full-year 2022 guidance,” said Mitchell J. Krebs, President and CEO. “Our site operating teams continue to address industry-wide cost pressures through innovative business improvement initiatives and efficiency enhancements that have helped to mitigate the impact of global inflation.”

> MORE:  https://www.kitco.com/news/2022-05-05/Coeur-reports-higher-silver-and-lower-gold-production-in-first-quarter-reaffirms-full-year-guidance.html

[drbubb]

CDE / Coeur Mining... All: from 2016: 10yr: 5yr: 2yr: Ytd: 10d/ $3.89 +0.47, +13.79%. (Range: 2.54 to 7.64)

Still bouyed by mid-Sep. News:

Coeur Mining stock shoots up after deal to sell Crown and Sterling for up to $200 million

Sep. 19, 2022 at 1:47 p.m. ET by Tomi Kilgore

Shares of Coeur Mining Inc. CDE, +13.74% shot up 11.6% in afternoon trading Monday (closed at $3.35), after the gold and silver miner announced a deak to sell its Crown and Sterling holdings for up to $200 million. Under terms of the deal, Coeur Mining will receive closing cash of $150 million and deferred cash of $50 million, to be paid on Crown and Sterling attaining a total resource of at least 3.5 million gold ounces. "The divestiture of Crown Sterling unlocks significant value for Coeur stockholders and demonstrates our ongoing commitment to allocating capital into our existing portfolio of near-term core growth projects, highlighted by the Rochester expansion in northern Nevada," said Chief Executive Mitchell Krebs. "The consideration represents a significant gain on our original investment." Coeur Mining's stock has lost 7.0% over the past three months, while the VanEck Gold Miners ETF GDX, +3.81% has dropped 20.8% and the S&P 500 SPX, +2.59% has advanced 5.4%.

[drbubb]

RALLY to $6 (and beyond) may be underway / MktCap: $1,210 M at $4.32 x 280M shs (est.)

Cash per share.      $0.58
Total Debt.             $572M
Total Debt / Equity.   1.58
Book Value / sh.      $3.05

CDE/ Coeur Mining. 10yr: 5yr: 3yr: Ytd: 10d / Last: $4.32 +0.27 / GDX (26.66)= 16.2% / UGL (49.48)= 8.73%

CDE vs. GDX, UGL ... 5yr: 3yr: Ytd: 10d / GDX (26.66)= 16.2% / UGL (49.48)= 8.73%

CDE -etc. 5yr:

Ratio:

... to a subsidiary of AngloGold Ashanti Limited ("AngloGold") (NYSE: AU). Under the terms of the previously announced transaction, Coeur received cash consideration of $150 million at closing. The Company will receive an additional deferred cash consideration of $50 million upon Crown Sterling attaining a total resource of at least 3.5 million gold ounces. The Crown Sterling holdings comprise approximately 35,500 net acres and are located adjacent to AngloGold's existing gold projects in Nye County, Nevada.

2022-11-04 09:35

U:CDE

News Release

Coeur Completes Sale of Southern Nevada Holdings for Upfront Cash Consideration of $150 million

[webmaster]

CDE had a good day: $4.18 +0.41, +10.9%