Last10K.com

Coeur Mining, Inc. (CDE) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Coeur Mining, Inc.

CIK: 215466 Ticker: CDE


NEWS RELEASE             

Coeur Reports Fourth Quarter and Full-Year 2014 Results
Wharf Acquisition Expected to Close February 20, Six Weeks Earlier than Expected
Chicago, Illinois - February 18, 2015 - Coeur Mining, Inc. (the “Company” or “Coeur”)
(NYSE: CDE) reported 2014 revenue of $635.7 million, adjusted EBITDA1 of $86.7 million, adjusted costs applicable to sales per silver equivalent ounce1 of $14.18, and adjusted all-in sustaining costs of $19.27 per silver equivalent ounce1. The Company realized average prices of $18.87 per silver ounce and $1,252 per gold ounce during 2014, decreases of 21% and 6% respectively, compared to 2013.
Fourth quarter revenue was $140.6 million, adjusted EBITDA1 was $7.8 million, adjusted costs applicable to sales per silver equivalent1 ounce of $14.43, and adjusted all-in sustaining costs were $19.25 per silver equivalent ounce1. Coeur realized average prices of $16.40 per silver ounce and $1,186 per gold ounce during the fourth quarter, decreases of 16% and 6%, respectively, compared to the third quarter of 2014.
“In 2014 we set out to achieve improved operating consistency, to reduce our costs, improve the long-term certainty and visibility of our existing mines, and thereby enhance the quality of the Company’s portfolio of assets,” said Mitchell J. Krebs, Coeur's President and Chief Executive Officer. “Despite the challenges confronted in 2014, we largely achieved these objectives. I believe Coeur is well-positioned to successfully execute our strategy to reposition our existing assets to achieve higher grades, better efficiencies, and lower costs, while maintaining a liquid balance sheet with a long-term capital structure. Our acquisition of the Wharf gold mine from Goldcorp is expected to close six weeks ahead of our original estimate, accelerating its contribution to our 2015 production and cash flow.
“In terms of our major assets, Kensington demonstrated strong fourth quarter production of 33,533 ounces of gold, up 32% from the first quarter, and costs applicable to sales of $845 per gold ounce1, a decline of 16% compared to the first quarter. Rochester established during 2014 that it is capable of being a significant producer of silver, gold, and cash flow for many years to come. At Palmarejo we developed and began mining from Guadalupe, we successfully renegotiated the Franco-Nevada agreement, and we announced in December the proposed acquisition of Paramount Gold and Silver that will allow us to combine Palmarejo with Paramount’s high-grade San Miguel property to unlock substantial value over many years to come.”

Fourth Quarter 2014 Highlights
Silver production was 4.3 million ounces and gold production was 64,534 ounces, or 8.2 million silver equivalent1 ounces as previously announced on January 15, 2015
Adjusted all-in sustaining costs were $19.25 per silver equivalent ounce1 
Adjusted costs applicable to sales per silver equivalent ounce1 were $14.43
Costs applicable to sales per gold ounce1 at Kensington were $845, the lowest level in a year
Announced acquisition of Paramount, which is expected to close in the second quarter
Non-cash impairment charge of $1.5 billion ($1.0 billion net of tax) was recorded to reflect the current pricing environment
Full-Year 2014 Highlights
Silver equivalent1 production totaled 32.2 million ounces, at the high-end of Company guidance. Silver production was 17.2 million ounces, in-line with Company guidance. Gold production was 249,384 ounces, above Company guidance


1

The following information was filed by Coeur Mining, Inc. (CDE) on Wednesday, February 18, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Coeur Mining, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Coeur Mining, Inc..

Continue

Assess how Coeur Mining, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Coeur Mining, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2015 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Acquisitions
Acquisitions (details)
Acquisitions (tables)
Basis Of Presentation
Commitments And Contigencies (details Textual)
Commitments And Contingencies
Debt
Debt (details Textual)
Debt (details)
Debt (tables)
Derivative Financial Instruments
Derivative Financial Instruments (details 1)
Derivative Financial Instruments (details 2)
Derivative Financial Instruments (details Textual)
Derivative Financial Instruments (details)
Derivative Financial Instruments (tables)
Fair Value Measurements
Fair Value Measurements (details 1)
Fair Value Measurements (details 2)
Fair Value Measurements (details 3)
Fair Value Measurements (details 4)
Fair Value Measurements (details Textual)
Fair Value Measurements (details)
Fair Value Measurements (tables)
Income And Mining Taxes
Income And Mining Taxes (details 1)
Income And Mining Taxes (details 2)
Income And Mining Taxes (details 3)
Income And Mining Taxes (details 4)
Income And Mining Taxes (details 5)
Income And Mining Taxes (details 6)
Income And Mining Taxes (details 7)
Income And Mining Taxes (details Textual)
Income And Mining Taxes (tables)
Inventory And Ore On Leach Pads
Inventory And Ore On Leach Pads (details)
Inventory And Ore On Leach Pads (tables)
Investments
Investments (details)
Investments (tables)
Mining Properties
Mining Properties (details Textual)
Mining Properties (details)
Mining Properties (tables)
Net Income (loss) Per Share
Net Income (loss) Per Share (details)
Net Income (loss) Per Share (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Receivables
Receivables (details)
Receivables (tables)
Reclamation
Reclamation (details)
Reclamation (tables)
Retirement Savings Plan
Retirement Savings Plan (details)
Segment Reporting
Segment Reporting (details 1)
Segment Reporting (details 2)
Segment Reporting (details)
Segment Reporting (tables)
Segment Reporting Narrative (details)
Segment Reporting Revenue By Customer (details)
Stock-based Compensation
Stock-based Compensation (details 1)
Stock-based Compensation (details 2)
Stock-based Compensation (details 3)
Stock-based Compensation (details Textual)
Stock-based Compensation (details)
Stock-based Compensation (tables)
Subsequent Events
Subsequent Events Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies Narrative (details)
Summary Of Significant Accounting Policies Property Plant And Equipment (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information Supplemental Cash Flow Information (tables)
Supplemental Guarantor Information
Supplemental Guarantor Information (tables)
Supplemental Guarantor Information Condensed Consolidated Balance Sheets (details)
Supplemental Guarantor Information Condensed Consolidated Statements Of Cash Flows (details)
Supplemental Guarantor Information Condensed Consolidated Statements Of Comprehensive Income (loss) (details)
Write-downs
Write-downs (details)
Write-downs (tables)
Write-downs Narrative (details)
Ticker: CDE
CIK: 215466
Form Type: 10-K Annual Report
Accession Number: 0000215466-15-000031
Submitted to the SEC: Fri Feb 20 2015 4:00:38 PM EST
Accepted by the SEC: Fri Feb 20 2015
Period: Wednesday, December 31, 2014
Industry: Gold And Silver Ores

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/cde/0000215466-15-000031.htm