Last10K.com

Coeur Mining, Inc. (CDE) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Coeur Mining, Inc.

CIK: 215466 Ticker: CDE


NEWS RELEASE             image0a46.jpg

Coeur Reports Fourth Quarter and Full-Year 2017 Results
and Provides 2018 Cost Guidance
Chicago, Illinois - February 7, 2018 - Coeur Mining, Inc. (“Coeur” or the "Company")
(NYSE: CDE) today reported full-year 2017 net income of $10.9 million, or $0.06 per share, and cash flow from operating activities of $197.2 million, an increase of over 100% compared to 2016. Adjusted EBITDA1 rose 4% year-over-year to $203.3 million, and free cash flow1 increased $85.5 million to $60.4 million.
In the fourth quarter, the Company generated net income of $14.3 million, or $0.08 per share, and cash flow from operating activities more than doubled quarter-over-quarter, increasing $54.5 million to $91.8 million. Adjusted EBITDA1 and free cash flow1 of $77.0 million and $44.8 million, respectively, increased approximately fivefold compared to the prior quarter.
Strong fourth quarter and full-year financial results were driven by record silver equivalent1 production of 10.8 million ounces (11.7 million ounces including discontinued operations) and 35.1 million ounces (39.4 million ounces including discontinued operations), respectively, lower costs from the Company's continuing operations, and decreases in working capital. Lower average debt levels and interest rates led to a 56% reduction in full-year interest expense, which also contributed to improved full-year financial results.
On December 22, 2017, the Company entered into an agreement to sell its wholly-owned Bolivian subsidiary, which owns and operates the San Bartolomé mine. The transaction is expected to close in the first quarter. As a result, the mine is presented as a discontinued operation and excluded from consolidated operating statistics and financial results for all periods presented unless otherwise noted. In 2017, San Bartolomé produced 4.3 million ounces of silver at adjusted costs applicable to sales ("CAS") per silver ounce1 of $17.17.

"Coeur's robust operating performance during the fourth quarter led to strong financial results for the quarter and full year. Our multi-year strategic initiatives are generating higher-quality ounces and strong cash flow from our well-balanced portfolio of North American-based assets," said Mitchell J. Krebs, Coeur's President and Chief Executive Officer.
"During 2017, we successfully repositioned and strengthened the Company on multiple fronts. We upgraded our portfolio and pipeline of assets to reflect a North American focus with the acquisition of the high-grade Silvertip mine in Canada, our announced divestiture of our highest cost mine in Bolivia and the sales of nine non-core assets. We repositioned our balance sheet to provide greater financial flexibility and materially reduce annual interest expense. By allocating additional capital to near-mine exploration, we expanded our reserve and resource base by double digit percentage increases, which we anticipate will lead to high-return, long-term value for our stockholders."
Highlights
Record fourth quarter and full-year silver equivalent1 production - Fourth quarter and full-year production from continuing operations increased 26% quarter-over-quarter and 14% year-over-year, respectively, to 10.8 million and 35.1 million silver equivalent ounces ("AgEqOz")1. Higher fourth quarter production was driven by 45% and 26% increases in silver equivalent1 production at the Rochester and Palmarejo mines, respectively, and a 27% increase in gold production at the Kensington mine. Record full-year production was driven primarily by the Palmarejo mine, where 2017 silver equivalent1 production rose 64% compared to 2016

1

The following information was filed by Coeur Mining, Inc. (CDE) on Wednesday, February 7, 2018 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 2018 10-K Annual Report includes:

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

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
M & A
Legal
Other
Filter Subcategory:
All
Geography
Earnings
Expense
Cash Flow
Product
Income
Other
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 (notes)
Acquisitions (tables)
Acquisitions - Jds Silver (details)
Acquisitions - Paramount (details)
Acquisitions - Wharf Gold Mine (details)
Additional Balance Sheet Detail And Supplemental Cash Flow Information
Additional Balance Sheet Detail And Supplemental Cash Flow Information (details 2)
Additional Balance Sheet Detail And Supplemental Cash Flow Information (details)
Additional Balance Sheet Detail And Supplemental Cash Flow Information (tables)
Assets And Liabilities Held For Sale (notes)
Assets And Liabilities Held For Sale (tables)
Assets And Liabilities Held For Sale - Narrative (details)
Assets And Liabilities Held For Sale - Statements (details)
Basis Of Presentation
Commitments And Contigencies (details Textual)
Commitments And Contingencies
Debt
Debt (details Textual)
Debt (details)
Debt (tables)
Debt - Schedule Of Future Minimum Lease Payments (details)
Derivative Financial Instruments
Derivative Financial Instruments (tables)
Derivative Financial Instruments - Narrative (details)
Derivative Financial Instruments - Summary Of Classification Of Fair Value Of Derivative Instruments
Derivative Financial Instruments - Summary Of Mark-to-market Gain (losses) On Derivative Instruments
Derivative Financial Instruments - Summary Of Provisionally Priced Sales
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Narrative (details)
Fair Value Measurements - Summary Of Assets And Liabilities Carried At Book Value (details)
Fair Value Measurements - Summary Of Assets And Liabilities Measured At Fair Value On A Recurring Basis (details)
Fair Value Measurements - Summary Of Gain (loss) Derivative Instruments (details)
Fair Value Measurements - Summary Of Level 3 Financial Assets And Liabilities (details)
Income And Mining Taxes
Income And Mining Taxes (tables)
Income And Mining Taxes - Deferred Tax Assets And Liabilities (details)
Income And Mining Taxes - Income (loss) Before Income Taxes (details)
Income And Mining Taxes - Income And Mining Tax (expense) Benefit (details)
Income And Mining Taxes - Narrative (details)
Income And Mining Taxes - Reconciliation Of Effective Income Tax Rate (details)
Income And Mining Taxes - Reconciliation Of Unrecognized Tax Benefits (details)
Income And Mining Taxes - Summary Of Tax Credit Carryforwards (details)
Income And Mining Taxes - Valuation Allowance (details)
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 Textual)
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Receivables
Receivables (details Textual)
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 3)
Segment Reporting (details)
Segment Reporting (tables)
Stock-based Compensation
Stock-based Compensation (details 1)
Stock-based Compensation (details 2)
Stock-based Compensation (details 3)
Stock-based Compensation (details 4)
Stock-based Compensation (details Textual)
Stock-based Compensation (details)
Stock-based Compensation (tables)
Summary Of Quarterly Financial Data (unaudited) (details)
Summary Of Quarterly Financial Data (unaudited) (notes)
Summary Of Quarterly Financial Data (unaudited) (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (details)
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 (details Textual)
Write-downs (details)
Write-downs (notes)
Write-downs (tables)
Ticker: CDE
CIK: 215466
Form Type: 10-K Annual Report
Accession Number: 0000215466-18-000038
Submitted to the SEC: Wed Feb 07 2018 5:21:09 PM EST
Accepted by the SEC: Wed Feb 07 2018
Period: Sunday, December 31, 2017
Industry: Gold And Silver Ores

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/cde/0000215466-18-000038.htm