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CDE Conder Env.

0.35
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Conder Env. LSE:CDE London Ordinary Share GB0002868114 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.35 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.35 GBX

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Posted at 09/4/2024 21:48 by stu31
Expanded Rochester Mine Achieves Commercial Production; Ramp-Up on Schedule
08/04/2024 9:30pm

Coeur Mining, Inc. (“Coeur” or the “Company”;) (NYSE: CDE) today provided an update on its newly-expanded Rochester silver and gold mine in Nevada, including the achievement of commercial production at the operation as of March 31, 2024.

Commissioning of the new three-stage crushing circuit and truck load-out facility was completed on March 7. Since then, the crushing circuit has operated at an average throughput of nearly 70,000 tons per day1 and has exceeded 88,000 tons per day, leading to the declaration of commercial production as of the end of the first quarter. Ramp-up to full design capacity of 88,000 tons per day—or approximately 32 million tons per year—remains on schedule for completion during the first half of 2024.

Approximately 9.3 million tons of ore have now been placed on the new Stage 6 leach pad, which – together with the new Merrill Crowe processing facility – was commissioned late last year. Materially higher production levels are anticipated to build throughout the second half of 2024 consistent with completion of Rochester’s ramp-up.

Once operating at full capacity, throughput levels are expected to be approximately 2.5 times higher than historical levels, making Rochester one of the world’s largest open pit heap leach operations and a key driver of cash flow growth for the Company. It is expected to be America’s largest source of domestically produced and refined silver.

“Following its full hand-off to the operations team in early March, the expanded Rochester mine has ushered in a new growth phase for Coeur leading to higher silver and gold production levels, lower unit costs, and positive free cash flow,” said Mitchell J. Krebs, President and Chief Executive Officer. “The invaluable experience and learnings gleaned over the past three years from operating similar infrastructure that we installed at the legacy operation has contributed to an impressive ramp-up curve to date and positions the mine for a strong second half of 2024. With commissioning now behind us and the ramp-up proceeding well, the team is turning its focus to mine optimization efforts and business improvement initiatives aimed at maximizing the value of this world class, long-life asset.”

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with four wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip polymetallic exploration project in British Columbia.
Posted at 13/3/2024 17:50 by stu31
Coeur Announces Flow-Through Shares Private Placement to Advance Silvertip Exploration
February, 26, 2024
C$34 million of expected proceeds to fund accelerated exploration program

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”;) (NYSE: CDE) today announced that it has arranged a private placement (the “Offering̶1;) of 7,704,725 flow-through common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “flow-through shares”) for gross proceeds of approximately $25 million (C$34 million), resulting in a 27% premium. The offering will be subject to a four-month hold period.

The proceeds of the Offering will be used exclusively for qualifying Canadian Exploration Expenditures (“CEE”) (as such term is defined in the Income Tax Act (Canada), in conducting an exploration and mineral resource evaluation program on the Silvertip Property in British Columbia and Yukon to determine the existence, location, extent, and quality of the silver, lead, and zinc on the Silvertip Property.

The flow-through shares will be privately placed with investors in certain provinces in Canada pursuant to applicable exemptions from the prospectus requirements. The initial Offering is expected to close on or about March 8, 2024. The Offering will be subject to the satisfaction or waiver of customary closing conditions.

The flow-through shares will only be offered and sold outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “U.S. Securities Act”). The Offering has not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

This news release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with four wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip silver-zinc-lead exploration project in British Columbia.
Posted at 13/3/2024 17:39 by stu31
Coeur Reports Fourth Quarter and Full-Year 2023 Results
February, 21, 2024

Strong fourth quarter performances at Rochester and Wharf drove a 35% increase in quarterly revenue

Full-year 2024 guidance highlights significant expected production growth

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company”;) (NYSE: CDE) today reported fourth quarter 2023 financial results, including revenue of $262 million and cash flow from operating activities of $65 million. The Company reported GAAP net loss from continuing operations of $26 million, or $0.07 per share. On an adjusted basis1, Coeur reported EBITDA of $64 million, cash flow from operating activities before changes in working capital of $45 million and net loss from continuing operations of $6 million, or $0.02 per share.

For the full year, Coeur reported revenue of $821 million, cash flow from operating activities of $67 million and GAAP net loss from continuing operations of $104 million, or $0.30 per share. On an adjusted basis1, the Company reported EBITDA of $142 million, cash flow from operating activities prior to changes in working capital of $59 million and net loss from continuing operations of $78 million, or $0.23 per share.



Key Highlights

Strong fourth quarter drove significant increases in revenue and adjusted EBITDA – Production increases at Rochester and strong finishes at Kensington and Wharf drove a 35% increase in revenue and a more-than doubling of adjusted EBITDA quarter-over-quarter
Full-year 2023 gold and silver production guidance achieved – Gold and silver production increased 29% and 34% quarter-over-quarter, respectively, to 101,609 ounces and 3.1 million ounces. Full-year gold and silver production totaled 317,671 ounces and 10.3 million ounces, respectively, within the Company’s consolidated production guidance ranges
Rochester expansion ramp-up progressing – Commissioning of Rochester’s new crushing circuit is progressing, with completion of ramp-up activities anticipated during the first half of 2024. Full-year 2024 silver and gold production guidance reflects strong anticipated year-over-year growth while second half cost guidance highlights sharp expected declines compared to recent years. Once operating at full capacity, throughput levels are expected to average 32 million tons per year, approximately 2.5 times higher than historical levels
Wharf delivers all-time record annual free cash flow1 – The Wharf gold mine in South Dakota ended the fourth quarter with operating cash flow of $29 million and free cash flow1 of approximately $27 million. For the full year, operating cash flow totaled $84 million and free cash flow1 reached an all-time record $82 million. Since acquiring Wharf in February 2015, Coeur has generated cumulative free cash flow1 of more than four times its original $99.5 million investment while mine life has remained strong at six years compared to the estimated five-year mine life at the time of acquisition
Silvertip drills one of its highest grade intercepts ever – Results have been received for almost half of 2023 drilling in the Southern Silver Zone at the high-grade Silvertip polymetallic exploration project in northern British Columbia, including the highest-grade intercept ever drilled at the Southern Silver Zone in this rapidly growing near area
“The Company finished 2023 on a high note, highlighted by a significant step-up in production levels at the newly expanded Rochester mine in Nevada and a record cash flow year at the Wharf mine in South Dakota,” said Mitchell J. Krebs, President and Chief Executive Officer. “Kensington also delivered a solid fourth quarter to complete a strong second half.

“Ramp-up and commissioning activities at Rochester are progressing toward completion in the first half of 2024, setting the stage for strong near-term production growth, lower costs, and sharp increases in cash flow. Rochester is expected to become the anchor of our base of North American silver and gold assets and is the key driver to strong expected increases in our overall silver and gold production levels this year.

“While we remain focused on our ramp-up and optimization efforts at Rochester, we continue to advance several key initiatives at our other operations. At Kensington in Alaska, 2024 represents the last full year of elevated levels of development and drilling investment under our current multi-year plan that we expect will significantly extend its mine life and return the operation to being a generator of positive free cash flow for the Company. At Palmarejo in Mexico, expected completion of the transaction with Fresnillo will usher in a revitalized development phase focused on targeting resources to the north and east of existing operations. Finally, Silvertip’s ambitious and highly successful exploration program will continue in British Columbia, benefiting from a full year of drilling and geologic modeling aimed at further increasing the scale and our knowledge of this high-grade polymetallic carbon replacement deposit.”

Balance Sheet and Liquidity Update

Coeur ended the quarter with total liquidity of approximately $247 million, including $62 million of cash and $185 million of available capacity under its $390 million revolving credit facility (“RCF”)4. Total debt increased to $545 million at the end of the fourth quarter compared to $512 million at the end of the third quarter and $516 million at year-end 2022.

On February 21, 2024, the Company completed a new agreement to extend and enhance its RCF. Details include:

Maturity of February 2027
Increased aggregate borrowing capacity from $390 million to $400 million
Option to increase aggregate borrowing capacity by an additional $100 million
Seven banks comprise the syndicate, including new additions National Bank of Canada and Fédération des Caisses Desjardins du Québec
During the fourth quarter, Coeur satisfied $45 million associated with prepay agreements at Kensington, Rochester and Wharf. Additionally, the Company exercised options under amended agreements to receive an additional $25 million prepayment at Kensington, an approximately $18 million prepayment for deliveries of gold and silver doré from Rochester, and a roughly $13 million prepayment for deliveries of gold concentrate from Wharf.

Hedging Update

During the fourth quarter, the Company added to its hedge position by executing additional hedges on approximately 95,000 ounces of its expected 2024 gold production at an average price of roughly $2,076 per ounce and approximately 3.1 million ounces of its expected 2024 silver production at an average price of roughly $25.16 per ounce.
Posted at 28/7/2008 11:41 by cjaj2
You own the same % of the company after de-list and your holding can continue in a SIPP. Takeover target at this price I would think so I am holding, for me no point selling at this price so instead I topped up.
Posted at 21/7/2008 15:25 by cjaj2
Surfing around for other de-listed companies it looks as though the owners often buy the remainging shares back at reasonable price.
Check this one:


They bought back the shares at the float price of 100p even though the shares went down to 64p.

Keen to know whether an offer will be made for the shares, if not why would we vote for the de-list ?
Intend going to Alton to find out more.
Posted at 06/6/2008 13:04 by garth
More expensive to buy than a couple of days ago - even though the price is showing as lower. You can now sell online - which wasn't the case a couple of days ago.
Posted at 06/6/2008 11:58 by pugugly
80k SOLD AT 0.875P - Looks as though Stegrego is right - Plughole job.

Now capitalised at less than the price of mews house in London. Tempting if any real value in the company.

not sure if it is the products, their marketing, or managemnt. Just museing.

Views?
Posted at 12/3/2008 11:37 by cockneyrebel
Someone is buying, price ticking up.

The last part of the statement doesn't sound like the disater that the share price is factoring in imo.

CR
Posted at 11/3/2008 11:40 by cockneyrebel
Nope, and I notice the bid's nearly back up to the price it was yesterday.

Directors buying after the statement perhaps?

CR
Posted at 11/3/2008 11:07 by cockneyrebel
Oh well, the warning came that the price of the stock suggesteded but the outlook and trading for March sounds a lot better than I was prepared for.


Market cap down to £1.5m now which looks a bit distresed and overdone recently imo. They only have to make £200K profit to be on a PE of 7ish.

Not for widows and orohans but may well surprise over 6 months compared to what the market expects imo.

Hanging in there.

CR
Conder Environmental share price data is direct from the London Stock Exchange

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