Coeur Mining, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Coeur Mining, Inc. has filed its annual 10-K report for the fiscal year ended December 31, 2023.</b>

AI Summary

Coeur Mining, Inc. (CDE) filed a Annual Report (10-K) with the SEC on February 21, 2024. Coeur Mining, Inc. filed its 2023 Form 10-K on February 21, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is Gold & Silver Ores (SIC 1040). Coeur Mining, Inc. is incorporated in Delaware. The company's headquarters are located at 200 South Wacker Drive, Suite 2100, Chicago, IL 60606.

Why It Matters

For investors and stakeholders tracking Coeur Mining, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Coeur Mining's financial performance, operational activities, and strategic outlook for the 2023 fiscal year. Investors and analysts can use this report to assess the company's financial health, identify key risks and opportunities, and make informed investment decisions regarding Coeur Mining (CDE).

Risk Assessment

Risk Level: medium — Coeur Mining, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. However, the mining industry is inherently subject to commodity price volatility and operational risks, which are typically detailed within these filings.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Coeur Mining's performance and outlook for the upcoming year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-21 — Filing Date (Date of submission)
• 132 — Public Document Count (Number of documents in the filing)
• 001-08641 — SEC File Number (Company's SEC file number)

Key Players & Entities

• Coeur Mining, Inc. (company) — Filer name
• CDE (company) — Ticker symbol
• 10-K (document) — Filing type
• 20231231 (date) — Fiscal year end
• 20240221 (date) — Filing date
• Chicago (location) — Business address city
• DE (location) — State of incorporation
• Gold & Silver Ores (industry) — Standard Industrial Classification

FAQ

Industry Context

Coeur Mining operates in the Gold & Silver Ores industry, a sector characterized by commodity price fluctuations and significant capital investment requirements.

Regulatory Implications

The company is subject to various regulations governing mining operations, environmental protection, and financial reporting, as mandated by the SEC and other relevant authorities.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow trends.
2. Review the Management's Discussion and Analysis (MD&A) for operational highlights and strategic initiatives.
3. Examine the Risk Factors section for potential challenges and mitigation strategies.

Key Dates

• 2024-02-21: 10-K Filing — Annual report submission for fiscal year 2023

Year-Over-Year Comparison

This is the initial filing analyzed for the period. No prior filing data is available for comparison within this context.

Key Financial Figures

• $0.01 — 4,324 shares of Common Stock, par value $0.01 per share DOCUMENTS INCORPORATED BY R
• $10.4 million — ance in 2024 are expected to range from $10.4 million to $11.4 million. We have reviewed and
• $11.4 million — expected to range from $10.4 million to $11.4 million. We have reviewed and considered curren

Filing Documents

• cde-20231231.htm (10-K) — 3137KB
• cde-12312310kex1026.htm (EX-10.26) — 19KB
• cde-12312310kex1034.htm (EX-10.34) — 2079KB
• cde-12312310kex19.htm (EX-19) — 88KB
• cde-12312310kex21.htm (EX-21) — 23KB
• cde-12312310kex231.htm (EX-23.1) — 3KB
• cde-12312310kex311.htm (EX-31.1) — 10KB
• cde-12312310kex312.htm (EX-31.2) — 10KB
• cde-12312310kex321.htm (EX-32.1) — 3KB
• cde-12312310kex322.htm (EX-32.2) — 3KB
• cde-12312310kex951.htm (EX-95.1) — 30KB
• cde-20231231_g1.jpg (GRAPHIC) — 120KB
• cde-20231231_g2.jpg (GRAPHIC) — 210KB
• cde-20231231_g3.jpg (GRAPHIC) — 121KB
• headera.jpg (GRAPHIC) — 114KB
• 0000215466-24-000008.txt (&nbsp;) — 19113KB
• cde-20231231.xsd (EX-101.SCH) — 99KB
• cde-20231231_cal.xml (EX-101.CAL) — 109KB
• cde-20231231_def.xml (EX-101.DEF) — 519KB
• cde-20231231_lab.xml (EX-101.LAB) — 1095KB
• cde-20231231_pre.xml (EX-101.PRE) — 796KB
• cde-20231231_htm.xml (XML) — 2964KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 24 Item 1C. Cybersecurity 24 Item 2.

Properties

Properties 25 Item 3.

Legal Proceedings

Legal Proceedings 34 Item 4. Mine Safety Disclosures 34 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 35 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 58 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 60 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 99 Item 9A.

Controls and Procedures

Controls and Procedures 99 Item 9B. Other Information 100 PART III Item 10. Directors, Executive Officers and Corporate Governance 101 Item 11.

Executive Compensation

Executive Compensation 101 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 101 Item 13. Certain Relationships and Related Transactions, and Director Independence 101 Item 14. Principal Accounting Fees and Services 102 PART IV Item 15. Exhibits, Financial Statement Schedules 103

Form 10-K Summary 105

Item 16. Form 10-K Summary 105

SIGNATURES

SIGNATURES 106 3 PART I

Business

Item 1. Business GENERAL Coeur Mining, Inc. ("Coeur", "the Company", or "we"), founded in 1928, is a precious metals producer with assets located in the United States, Canada, and Mexico. Our common stock is listed on The New York Stock Exchange under the symbol "CDE". Coeur's strategy is to be a well-diversified, growing precious metals producer with a focus on generating sustainable, high-quality cash flow and returns from a balanced, prospective asset base in mining-friendly jurisdictions along with our commitment to exploration and expansions. Our strategy is guided by our purpose statement, We Pursue a Higher Standard , and three key principles: Protect our People, Places and Planet; Develop Quality Resources, Growth and Plans; and Deliver Impactful Results Through Teamwork . We conduct our business with a proactive focus on responsible practices to positively impact the health, safety and socioeconomic status of our people and the communities in which we operate and be good stewards of the environment. OUR BUSINESS Operating Segments We produce and sell precious metals from the following operating segments: The Palmarejo gold-silver complex, located in the State of Chihuahua in Northern Mexico, which has been in operation since 2009. The processing facility at the Palmarejo complex is fed by the Guadalupe, Independencia and La Nacin underground mines. The Company also carries out exploration activities across the Palmarejo property package. The Rochester open pit heap leach silver-gold mine located in northwestern Nevada, which has been in operation since 1986. Coeur Rochester commenced a significant expansion project in 2020 (Plan of Operations Amendment No. 11, or "POA 11") consisting of construction of a new leach pad, crushing facility, process plant and related infrastructure, which is expected to support an extended mine life. The construction of POA11 was completed in the fourth quarter of 2023. Coeur Rochester also acquired the Lincoln Hill, Go

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View this 10-K filing on SEC EDGAR