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Coeur Mining, Inc. (CDE) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Coeur Mining, Inc.

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CIK: 215466 Ticker: CDE


NEWS RELEASE             
Coeur Reports Fourth Quarter and Full-Year 2015 Results
$14.32 Adjusted AISC per Realized Silver Equivalent Ounce1 in 2015 Represents 22% Decline
Full-Year Gold Production up 31% to 328,000 Ounces at 19% Lower Costs
Cash & Equivalents Remained Constant at $200 Million at Year-End
Chicago, Illinois - February 10, 2016 - Coeur Mining, Inc. (the “Company” or “Coeur”)
 (NYSE: CDE) reported 2015 revenue of $646.1 million, adjusted EBITDA1 of $101.2 million, adjusted net loss1 of $0.75 per share, and cash flow from operating activities of $113.5 million. The Company sold 335,882 ounces of gold and 16.5 million ounces of silver during 2015, a 38% increase and a 5% decrease compared to 2014, respectively. Adjusted all-in sustaining costs per realized silver equivalent ounce1 of $14.32 for 2015 declined 22% compared to 2014 levels (16% decline assuming a constant 60:1 ratio).
Fourth quarter revenue was $164.2 million, adjusted EBITDA1 was $13.9 million, adjusted net loss1 was $0.27 per share, and cash flow from operating activities was $44.4 million. The Company sold 92,032 ounces of gold and 4.4 million ounces of silver during the fourth quarter. Fourth quarter all-in sustaining costs per realized silver equivalent ounce1 of $13.55 dropped 25% compared to the same quarter last year (18% decline assuming a constant 60:1 ratio).
Fourth Quarter 2015 Highlights
•
Silver equivalent1 production totaled 9.5 million ounces. Silver production was 4.0 million ounces and gold production was 91,551 ounces as previously announced on January 11, 2016
•
Adjusted all-in sustaining costs were $13.55 per realized silver equivalent ounce1. Using a 60:1 equivalence, adjusted all-in sustaining costs were $15.66 per silver equivalent ounce1 
•
Adjusted costs applicable to sales were $11.71 per realized silver equivalent ounce1. Using a 60:1 equivalence, adjusted costs applicable to sales per silver equivalent ounce1 were $12.65
•
Adjusted EBITDA1 was $13.9 million
•
Capital expenditures totaled $30.0 million, driven by development of the Jualin deposit at Kensington and development of the Guadalupe and Independencia underground deposits at Palmarejo
•
Wharf's gold equivalent production increased 38% to 32,231 ounces, leading to a 22% decline in costs applicable to sales per gold equivalent ounce1 to $556 and quarterly free cash flow3 of $16.9 million
•
Reduced total debt by approximately $54 million, or approximately 10%, at significant discount to par, resulting in a $16 million gain
•
Cash and equivalents of $200.7 million at December 31, 2015
•
Non-cash impairment charge of $313.3 million ($276.5 million net of tax) was recorded to reduce the carrying values of the Palmarejo and San Bartolomé mines, the Endeavor silver stream, and certain royalty assets to reflect lower gold and silver prices
Full-Year 2015 Highlights
•
Silver equivalent1 production totaled 35.6 million ounces, at the high-end of Company guidance and 11% higher than 2014. Silver production was 15.9 million ounces, at the high-end of Company guidance. Gold production was 327,908 ounces, in-line with Company guidance and 31% higher than 2014


1
The following information was filed by Coeur Mining, Inc. (CDE) on Wednesday, February 10, 2016 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.

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Inside Coeur Mining, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Condensed Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Acquisitions
Acquisitions (details 2)
Acquisitions (details)
Acquisitions (tables)
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 Textual)
Fair Value Measurements (details)
Fair Value Measurements (tables)
Income And Mining Taxes
Income And Mining Taxes (details Textual)
Income And Mining Taxes (details)
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)
Other, Net
Other, Net (details)
Other, Net (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)
Stock-based Compensation
Stock-based Compensation (details 1)
Stock-based Compensation (details Textual)
Stock-based Compensation (details)
Stock-based Compensation (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies Narrative (details)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
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)
The Company
Write-downs
Write-downs (details)
Write-downs (tables)
Ticker: CDE
CIK: 215466
Form Type: 10-K Annual Report
Accession Number: 0000215466-16-000166
Submitted to the SEC: Wed Feb 10 2016 5:20:28 PM EST
Accepted by the SEC: Wed Feb 10 2016
Period: Thursday, December 31, 2015
Industry: Gold And Silver Ores

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