- Coeur Mining released its Q4 and FY2021 results this week, reporting quarterly production of ~88,900 ounces of gold and ~2.6 million ounces of silver.
- This pushed annual production to ~349,000 ounces of gold and ~10.1 million ounces of silver, representing a decline in gold production, and a slight increase in silver output year-over-year.
- While this allowed the company to meet guidance, the 2022 outlook is less impressive, with lower gold production at industry-lagging costs.
- Given the risk of share dilution to buttress the balance sheet to help fund the Rochester Expansion combined with industry-lagging margins, I believe there are far better places to park one's money in this sector.
For further details see:
Coeur Mining: Potential Equity Raise Dampens Outlook