- Coeur Mining released its Q1 results last week, and reported gold production that was flat year-over-year, with a sharp decrease in silver production.
- Fortunately, higher metals prices more than offset the lower metals sales in the period, translating to double-digit growth in revenue.
- Despite the satisfactory results, free cash flow was down materially, but this largely reflects higher expenses related to the Rochester Expansion, and the Mexican tax payment in Q1.
- While the stock is down considerably from its highs, I don't see a low-risk buying opportunity yet, with the still trading at a premium to other precious metals producers.
For further details see:
Coeur Mining: Tracking In Line With FY2021 Guidance