2023-05-10 16:37:57 ET
- Coeur Mining press release ( NYSE: CDE ): Q1 Non-GAAP EPS of -$0.11 beats by $0.01 .
- Revenue of $187.3M (-0.6% Y/Y) beats by $21.63M .
- Capital expenditures decreased 35% quarter-over-quarter to $74 million as a result of timing of payments on Rochester expansion capital.
- As of March 31, 2023, the Company had committed approximately $634 million of capital since inception of the project and approximately $560 million of the estimated project cost had been incurred. At the end of the first quarter, the project was 82% complete.
- Coeur ended the quarter with total liquidity of approximately $382 million, including $67 million of cash, $300 million of available capacity under its $390 million RCF 2 subject to certain financial covenants, and $15 million of marketable securities.
- Guidance: Full-year 2023 production is expected to be 100,000 - 112,500 ounces of gold and 6.5 - 7.5 million ounces of silver
- CAS 1 in 2023 are expected to be $900 - $1,050 per gold ounce and $14.25 - $15.25 per silver ounce
- Capital expenditures are expected to be $35 - $47 million, consisting primarily of underground development as well as development of the high compression thickener and other elements of the open pit backfill project.
- Shares -1.7% .
For further details see:
Coeur Mining Non-GAAP EPS of -$0.11 beats by $0.01, revenue of $187.3M beats by $21.63M