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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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| Conder Env. | LSE:CDE | London | Ordinary Share | GB0002868114 | ORD 0.1P |
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| 0.00 | 0.00% | 0.35 | 0.00 | 00:00:00 |
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Conder Environmental (CDE) Share Charts1 Year Conder Environmental Chart |
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1 Month Conder Environmental Chart |
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| Date | Time | Title | Posts |
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| 18/12/2024 | 17:10 | Coeur Mining (NYSE) | 20 |
| 24/6/2010 | 18:07 | Conder Environmental 2005 - Clean stream of profits or just more effluent? | 170 |
| 31/10/2009 | 19:44 | Concorde Oil And Gas | 1,771 |
| 01/10/2007 | 08:05 | Torabora buys Conder, For a 100% short term gain.300% long term | 121 |
| 14/2/2006 | 21:45 | The next EME / VOG / CSH etc etc....Keep reading :-) | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 10/11/2024 22:45 by stu31 Coeur Reports Third Quarter 2024 Results06/11/2024 9:30pm Double digit production increases and cost reductions along with higher prices led to $49 million of net income, $126 million of adjusted EBITDA1, and strong free cash flow Coeur Mining, Inc. (“Coeur” or the “Company” Key Highlights Strong production increases and lower costs across the portfolio – Higher production at all four operations drove a 21% increase in gold production and 15% increase in silver production, totaling 94,993 and 3.0 million ounces of gold and silver, respectively. Costs applicable to sales per gold and silver ounce both declined 12% compared to the prior quarter, leading to margins more than double the prior period. Based on strong year-to-date production and cost performance, the Company reaffirmed its full-year guidance ranges Robust quarterly financial performance driven by higher production and metals prices – Revenue of $313 million and adjusted EBITDA1 of $126 million increased 41% and 140% quarter-over-quarter Rochester remains on-track to achieve year-end throughput and production guidance – The recently expanded Rochester silver and gold operation placed approximately 7.1 million tons under leach during the quarter leading to production of 1.2 million ounces of silver and 9,690 ounces of gold, representing quarter-over-quarter increases of 19% and 21%, respectively. The Company has reaffirmed full-year Rochester production guidance ranges and expects approximately 7.0 - 8.0 million tons to be placed under leach in the fourth quarter Announced acquisition of SilverCrest to create leading global silver company – On October 4, 2024, Coeur announced an agreement to acquire SilverCrest Metals Inc. (“SilverCrest& Debt reduction initiative underway – During the third quarter, the Company reduced its outstanding revolving credit facility (“RCF”)2 balance by $50 million to $225 million, leading to total liquidity of $222 million, including $77 million of cash, and a net debt to EBITDA ratio below 2.0x for the first time in three years “Our strong third quarter operational and financial results signal the beginning of what we expect to be a new chapter of consistent free cash flow for Coeur,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. “Although higher prices helped magnify our robust results, the team’s continued focus on operational excellence drove costs down, leading to significantly higher margins. Rochester continues to gather steam during the second half and remains on-track to deliver a step-change in production and cash flow during the remainder of the year and be well-positioned to deliver a record breaking 2025. “Furthermore, the recently announced acquisition of SilverCrest and its high-grade, low-cost Las Chispas operation, coupled with Rochester’s post-expansion profile, positions Coeur as a leading silver company in terms of production, market capitalization and liquidity, balance sheet flexibility, and cash flow profile at a time when silver’s outlook continues to strengthen.” |
Posted at 18/10/2024 08:44 by lovegod2 Once silver finds support at $32.50 this share will start moving towards next target of £8.25....ALL ABOARD ! |
Posted at 13/9/2024 19:36 by stu31 Coeur Announces Achievement of Key Milestones at Expanded Rochester Mine12/09/2024 12:00pm Mining and placement rates remain on-track Confirming full-year silver and gold production ranges Average crushing size trending toward year-end target Coeur Mining, Inc. (“Coeur” or the “Company” The new three-stage crushing circuit continues to deliver greatly enhanced levels of flexibility to accommodate the full range of mined ore at Rochester. For the month of August, approximately 2.7 million tons were placed on the new Stage VI leach pad, representing a 39% increase over July placement levels. Rochester remains on-track to place 7.0 – 8.0 million tons per quarter during the second half of 2024 and to achieve its full-year 2024 production guidance of 4.8 – 6.6 million ounces of silver and 37,000 – 50,000 ounces of gold. With the three-stage crusher fully ramped-up, the focus during the second half of the year has shifted to particle sizing optimization efforts, which are already exceeding expectations. The Company aims to end 2024 with reaching design particle size distribution (PSD) of approximately 80% passing 5/8 inch. Recent particle size distribution is reaching an average PSD of approximately 80% passing 3/4 inch, giving the Company confidence of achieving the year-end target. “In just six months since first processing ore through the newly-expanded operation, the Rochester team continues to meet or exceed expectations across a number of key performance metrics, which is expected to be a key catalyst for generating Companywide positive free cash flow during the second half of the year,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. “With crushing and placement rates consistently achieving nameplate capacity, the focus over the remainder of 2024 is on continuing to reduce the material crush size to achieve optimum recovery rates as we head into 2025. Additionally, recent exploration success within the current mining footprint continues to provide higher-grade upside potential to the current mine plan and positions Rochester for sustained success over a long expected mine life.” 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 critical minerals exploration project in British Columbia. |
Posted at 08/7/2024 21:38 by stu31 Coeur Reports Continued Positive Results From Kensington’s Multi-Year Exploration Program27/06/2024 12:00pm Recent assays highlight the potential to extend its reserve based mine life to over five years by year-end Coeur Mining, Inc. (“Coeur” or the “Company” This press release features multimedia. View the full release here: hxxps://www.business Kensington consists of multiple deposits including the Kensington, Elmira, Raven, Johnson and numerous other prospective vein zones. In the upper area of the Kensington deposit, previously outlined zones appear to be converging into single, wider mineable areas. The newly discovered Zone 50 in lower Kensington is growing rapidly, resulting in the development of additional exploration drifts to facilitate infill drilling before year-end 2024. At the Elmira deposit, the Main and South zones have now been connected through infill drilling and expansion drilling is intersecting multiple wider zones to the south. Key Highlights1,2 Infill drilling at Elmira is confirming continuity between Elmira Main and Elmira South with notable true width intercepts including: Hole EL24-1180-095-X07 returned 10.4 feet at 1.00 ounces per ton (“oz/t”) gold (3.17 meters at 34.4 grams per tonne (“g/t”) gold) Elmira South Zone has been extended along strike by approximately 400 feet (122 m) to date with true width intercepts including: Hole EL23-1060-139-X13 returned 9.4 feet at 0.58 oz/t gold (2.9 meters at 19.7 g/t gold) Hole EL23-1180-058-X03 returned 1.6 feet at 2.32 oz/t gold (0.5 meters at 79.6 g/t gold) Upper Kensington Zones 30B and 30C appear to be merging into one mineable unit. In addition, a number of potentially new sub-parallel zones are being delineated. In addition, mineralization in the Kensington Main zone has been extended 600 feet along strike since the last press release dated September 12, 2023 and 125 feet (183 meters) down dip since the year-end 2023 reserve and resource calculations At Lower Kensington, the new Zone 50 has grown significantly along strike and down dip. Results have warranted the development of an additional exploration drift to allow expansion and infill drilling before year end 2024. Exciting results from Lower Kensington include the following true width intercepts: Hole K23-0220-147-X03 returned 29.6 feet at 0.41 oz/t gold (9.0 meters at 14.0 g/t gold) Hole K23-0220-091-X12 returned 11.6 feet at 0.70 oz/t gold (3.5 meters at 23.7 g/t gold) Hole K23-0220-091-X27 returned 7.1 feet at 1.10 oz/t gold (2.2 meters at 37.7g/t gold) For a complete table of all year-to-date 2024 drill results, please refer to the following link: hxxps://www.coeur.co “These results validate the rationale for initiating the multi-year development program in mid-2022, which was to bolster the mine’s operational flexibility and set the stage for significant mine life additions,” said Mitchell J. Krebs, President and Chief Executive Officer. “Following the conclusion of this program in the first half of next year, we expect Kensington to be well-positioned for a return to a sustained period of free cash flow generation and to be an important contributor to Coeur’s U.S.-centric portfolio of long-lived mines in North America.” Coeur’s commitment to organic growth from brownfield exploration has been a key differentiator in the sector, leading to strong reserve and resource growth with multiple new discoveries and meaningful extensions to mine lives throughout the Company’s portfolio of operations. Since the inception of Kensington’s multi-year program in mid-2022, depletion has been replaced for two consecutive years and reserves have been added at the fastest rate in the operation’s history. The Kensington exploration team continues to conduct systematic geological studies aimed at deepening understanding of the mineralizing system. Elmira Drilling at Elmira is showing continuity between Elmira Main Zone and Elmira South (Figure 1). Structural studies and assay results indicate the Elmira Main structure splits into two at Elmira South (hanging wall and footwall structures), leading to wider zones of mineable mineralization. Notable true width intercepts significantly above reserve grade include: Hole EL24-1180-095-X03 returned 9.8 feet at 0.73 oz/t gold (3.0 meters at 24.9 g/t gold), 10.2 feet at 0.35 oz/t gold (3.1 meters at 12.0 g/t gold), and 0.8 feet at 4.07 oz/t gold (0.2 meters at 139.7 g/t gold) Hole EL24-1180-095-X07 returned 36.3 feet at 0.23 oz/t gold (11.1 meters at 7.8 g/t gold), 10.4 feet at 1.00 oz/t gold (3.2 meters at 34.4 g/t gold) and 12.7 feet at 0.62 oz/t gold (3.9 meters at 21.4 g/t gold) Hole EL24-1180-095-X01 returned 9.8 feet at 0.59 oz/t gold (3.0 meters at 20.3 grams g/t gold) and 7.4 feet at 0.33 oz/t gold (2.2 meters at 11.2 g/t gold) Hole EL23-1060-139-X13 returned 9.4 feet at 0.58 oz/t gold (2.9 meters at 19.7 g/t gold) Hole EL24-1180-095-X02 returned 25.3 feet at 0.18 oz/t gold (7.7 meters at 6.2 g/t gold) Hole EL23-1180-058-X03 returned 1.6 feet at 2.32 oz/t gold (0.5 meters at 79.6 g/t gold) and 5.7 feet at 0.34 oz/t gold (1.7 meters at 11.6 g/t gold) Kensington In Upper Kensington, drilling is showing that the recently-discovered Zone 30C appears to be merging with Zone 30B into a wider mineable unit (Figure 2). In addition, a number of potentially new, high-grade sub-parallel zones are being delineated in the hanging wall of both Kensington Main and Zones 30B and 30C. Expansion drilling has also extended Zones 30B and 30C an additional 600 feet along strike since the previous update on September 12, 2023 and 125 feet downdip since year-end 2023 reserve and resource calculations. Notable true width intercepts in Upper Kensington include: Hole K23-1935-126-X12 returned 2.2 feet at 7.91 oz/t gold (0.7 meters at 271.2 g/t gold) and 13.9 feet at 0.75 oz/t gold (4.2 meters at 25.6 g/t gold) Hole K23-1935-126-X21 returned 17.7 feet at 0.95 oz/t gold (5.4 meters at 32.6 g/t gold) Hole K23-1935-126-X16 returned 0.9 feet at 15.25 oz/t gold (0.3 meters at 522.9 g/t gold) Hole K23-1935-126-X18 returned 14.6 feet at 0.48 oz/t gold (4.5 meters at 16.4 g/t gold) Hole K23-1935-126-X15 returned 17.5 feet at 0.39 oz/t gold (5.4 meters at 13.3 g/t gold) Hole K24-1345-074-X03 returned 16.1 feet at 0.34 oz/t gold (4.9 meters at 11.8 g/t gold) Hole K23-1935-126-X17 returned 15.8 feet at 0.33 oz/t gold (4.8 meters at 11.4 g/t gold) Hole K23-1415-048-X09 returned 1.6 feet at 2.95 oz/t gold (0.5 meters at 101.3g/t gold) Hole K24-1345-074-X02 returned 7.4 feet at 0.26 oz/t gold (2.3 meters at 9.0 g/t gold) Hole K24-1555-054-X02 returned 5.9 feet at 0.74 oz/t gold (1.8 meters at 25.5 g/t gold) In Lower Kensington, the recently outlined Zone 50 is continuing to grow down-dip and along strike with infill and expansion drilling returning excellent results. Infill drilling over a central portion of this zone, measuring approximately 750 feet by 500 feet, has been completed, with expansion drilling completed over a similar area down-dip. Results from expansion drilling in the lower portion have been highly encouraging, warranting the development of a new exploration drift in order to complete infill at a better drill angle. This work is expected to be completed before year-end 2024 reserve and resource calculations. The linking structures previously referred to in the Company’s Kensington exploration update on September 12, 2023 have formed a new sub-parallel zone called the Lower Sulphide Unit (“LSU”), the extensions of which will also be targeted from the new exploration drift. Additionally, Lower Kensington Zones 10 and Zone 10 Hanging Wall zones have continued to grow (see Figure 3). Highlighted true width results from Lower Kensington include: Hole K23-0220-147-X03 returned 29.6 feet at 0.41 oz/t gold (9.0 meters at 14.0 g/t gold) Hole K23-0220-091-X27 returned 7.1 feet at 1.10 oz/t gold (2.2 meters at 37.7 g/t gold) and 14.5 feet at 0.38 oz/t gold (4.4 meters at 13.0 g/t gold) Hole K23-0220-109-X02 returned 3.3 feet at 1.73 oz/t gold (1.0 meter at 59.3 g/t gold) Hole K23-0220-091-X01 returned 28.2 feet at 0.18 oz/t gold (8.6 meters at 6.2 g/t gold) Hole K24-0220-091-X02 returned 4.0 feet at 1.21 oz/t gold (1.2 meters at 41.4 g/t gold) Hole K23-0220-091-X23 returned 2.9 feet at 1.67 oz/t gold (0.9 meters at 57.3 g/t gold) Hole K24-0220-125-X03 returned 24.2 feet at 0.14 oz/t gold (7.4 meters at 4.9 g/t gold) Hole K24-0220-125-X01 returned 9.3 feet at 0.41 oz/t gold (2.8 meters at 14.0 g/t gold) and 13.8 feet at 0.20 oz/t gold (4.2 meters at 6.9 g/t gold) “Results from Kensington’s multi-year exploration program continue to be very encouraging with high grades and wide intercepts encountered in Elmira South and in Upper and Lower Kensington,” said Aoife McGrath, Senior Vice President of Exploration. “Drilling also continues to outline new potential zones. After completion of a regional- and mine-scale structural modeling exercise during 2023 that put the Kensington Mine and its mineralization styles into context, detailed local scale structural modeling is almost complete for the Elmira deposit. We continue to enhance our geological understanding, improve exploration targeting and remain very encouraged for ongoing mine life growth throughout this program.” 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 01/5/2024 21:36 by stu31 Coeur Reports First Quarter 2024 Results01/05/2024 9:30pm Reaffirms Full-Year 2024 Guidance; Achieves Commercial Production at Rochester Coeur Mining, Inc. (“Coeur” or the “Company” Key Highlights Strong year-over-year production increases in-line with 2024 guidance – Solid performances at Palmarejo and Wharf led to total production of 80,744 ounces of gold and 2.6 million ounces of silver compared to 69,039 ounces of gold and 2.5 million ounces of silver in the first quarter of 2023. Production levels are expected to increase over the balance of 2024, driven primarily by the ramp-up at Rochester Increased revenue and adjusted EBITDA driven by increased production and lower costs – Revenue increased 14% year-over-year while adjusted EBITDA increased 76% compared to the first quarter of 2023, raising adjusted LTM EBITDA by 32% to $162 million through the end of the period compared to a year ago. The Company also saw a 5% reduction year-over-year in cost applicable to sales, totaling $146 million for the first quarter Commercial production achieved at Rochester; ramp-up on-track – Commissioning of Rochester’s new three-stage crushing circuit and truck load-out facility was completed on March 7, 2024. The crushing circuit has routinely exceeded 70,000 tons per day since commissioning was completed. Commercial production was achieved as of March 31, 2024 and the ramp-up to sustained nameplate capacity of 88,000 tons per day remains on schedule for the end of the second quarter Kensington’s multi-year program on target to increase mine life by year-end – The Company continued its multi-year underground mine development and exploration program, investing approximately $14 million during the quarter. Coeur has now completed roughly 71% of total underground mine development and drilling since inception of the program in 2022. The program is expected to extend Kensington’s reserve-based mine life beyond five years by the end of 2024 Published 2023 ESG Report – On April 23, 2024, Coeur published its 2023 ESG Report which highlighted the critical role in the modern economy of the metals the Company produces and progress on ESG priorities, such as ongoing adoption of the Global Industry Standard on Tailings Management and the roll-out of Coeur’s Biodiversity Management Standard, as well as advances in climate resilience including the expectation to achieve a 35% reduction in net intensity of greenhouse gas emissions by year-end “Coeur began 2024 with solid first quarter production in a catalyst-rich year for the Company,” said Mitchell J. Krebs, President and Chief Executive Officer. “This strong start, highlighted by the achievement of commercial production at Rochester at the end of the first quarter, puts us in a great position to achieve full-year 2024 guidance and begin generating positive free cash flow in the second half of the year. Palmarejo achieved its highest quarterly production levels in several years thanks to strong contributions from both Guadalupe and Independencia underground operations while Wharf delivered a stronger than planned quarter after achieving record performance in 2023. “The team at Rochester completed the pre-commissioning and commissioning of the new crushing circuit in the first quarter as planned. The next milestone will be to complete ramp-up to sustained nameplate capacity of 88,000 tons per day by the end of the second quarter. The combination of lower capex and significantly higher production, coupled with higher commodity prices, are expected to lead to strong cash flow generation in the second half of 2024 which will be allocated to debt reduction and funding near-mine exploration priorities. I am pleased with the progress of Kensington’s multi-year underground development and exploration program, which is expected to wrap up mid-year next year, and we look forward to achieving our goal of extending its mine life beyond five years by year-end.” |
Posted at 09/4/2024 20:48 by stu31 Expanded Rochester Mine Achieves Commercial Production; Ramp-Up on Schedule08/04/2024 9:30pm Coeur Mining, Inc. (“Coeur” or the “Company” 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 ExplorationFebruary, 26, 2024 C$34 million of expected proceeds to fund accelerated exploration program CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (“Coeur” or the “Company” 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 ResultsFebruary, 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” 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 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 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 10:41 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 14:25 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. |
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