Coeur Mining Announces 2024 Annual Meeting of Stockholders

Ticker: CDE · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 215466

Sentiment: neutral

Topics: Coeur Mining, Annual Meeting, Proxy Statement, Executive Compensation, Rochester Mine

TL;DR

<b>Coeur Mining will hold its 2024 Annual Meeting of Stockholders virtually on May 14, 2024, detailing 2023 performance and executive compensation.</b>

AI Summary

Coeur Mining, Inc. (CDE) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. The 2024 Annual Meeting of Stockholders for Coeur Mining will be held virtually on May 14, 2024, at 9:30 a.m. Central Time. 2023 saw Coeur achieve production guidance, complete the Rochester mine expansion, and add reserves at Kensington mine for two consecutive years. The company achieved a 84% score on its corporate annual incentive plan, reflecting strong safety and production, but offset by higher costs and lower adjusted EBITDA. Performance shares for the three-year period ending December 31, 2023, paid out at 63% of target. The proxy statement details the business to be conducted at the meeting and provides voting information.

Why It Matters

For investors and stakeholders tracking Coeur Mining, Inc., this filing contains several important signals. The virtual format allows for active participation, ensuring stockholders can engage with the company's governance and strategic direction. The alignment of executive compensation with performance metrics, including production, safety, and financial results, demonstrates accountability to shareholders.

Risk Assessment

Risk Level: — Coeur Mining, Inc. shows moderate risk based on this filing. The company's annual incentive plan score was impacted by higher than planned costs and lower than planned adjusted EBITDA, indicating potential financial pressures.

Analyst Insight

Stockholders should review the proxy statement to understand the proposed resolutions and vote on matters critical to the company's future operations and governance.

Executive Compensation

NameTitleTotal Compensation
Coeur Mining's Board of DirectorsBoard

Key Numbers

Key Players & Entities

FAQ

When did Coeur Mining, Inc. file this DEF 14A?

Coeur Mining, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Coeur Mining, Inc. (CDE).

Where can I read the original DEF 14A filing from Coeur Mining, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Coeur Mining, Inc..

What are the key takeaways from Coeur Mining, Inc.'s DEF 14A?

Coeur Mining, Inc. filed this DEF 14A on April 4, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Coeur Mining will be held virtually on May 14, 2024, at 9:30 a.m. Central Time.. 2023 saw Coeur achieve production guidance, complete the Rochester mine expansion, and add reserves at Kensington mine for two consecutive years.. The company achieved a 84% score on its corporate annual incentive plan, reflecting strong safety and production, but offset by higher costs and lower adjusted EBITDA..

Is Coeur Mining, Inc. a risky investment based on this filing?

Based on this DEF 14A, Coeur Mining, Inc. presents a moderate-risk profile. The company's annual incentive plan score was impacted by higher than planned costs and lower than planned adjusted EBITDA, indicating potential financial pressures.

What should investors do after reading Coeur Mining, Inc.'s DEF 14A?

Stockholders should review the proxy statement to understand the proposed resolutions and vote on matters critical to the company's future operations and governance. The overall sentiment from this filing is neutral.

How does Coeur Mining, Inc. compare to its industry peers?

Coeur Mining operates in the gold and silver mining industry, focusing on exploration, development, and production of precious metals.

Are there regulatory concerns for Coeur Mining, Inc.?

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, providing information to stockholders regarding the annual meeting.

Risk Factors

Industry Context

Coeur Mining operates in the gold and silver mining industry, focusing on exploration, development, and production of precious metals.

Regulatory Implications

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, providing information to stockholders regarding the annual meeting.

What Investors Should Do

  1. Review the proxy statement for details on proposals to be voted on at the Annual Meeting.
  2. Understand the executive compensation structure and its alignment with company performance in 2023.
  3. Participate in the virtual Annual Meeting on May 14, 2024, to exercise voting rights.

Key Dates

Glossary

Adjusted EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization, adjusted for certain items. (Key financial metric used to assess operational performance, which was lower than planned in 2023.)

Year-Over-Year Comparison

This filing is a proxy statement for the upcoming annual meeting, providing details on the meeting date, format, and key performance indicators from 2023.

Filing Stats: 4,382 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-04-04 16:31:16

Key Financial Figures

Filing Documents

From the Filing

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Coeur Mining, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. TABLE OF CONTENTS TABLE OF CONTENTS Fellow Stockholders: On behalf of Coeur Mining's Board of Directors, we are pleased to invite you to our 2024 Annual Meeting of Stockholders to be held on May 14, 2024, at 9:30 a.m. Central Time ("Annual Meeting"). As in recent years, the Annual Meeting will be held virtually this year, with the virtual platform allowing you to participate actively in the same manner as you would at an in-person Annual Meeting. The attached Notice of Annual Meeting and Proxy Statement serve as your guide to the business that will be conducted at the Annual Meeting and provides information on available methods to vote your shares. 2023 marked a year of great progress for Coeur, including achieving overall production guidance, completing the transformational expansion project at our Rochester silver-gold mine in Nevada, delivering strong results from our exploration program including adding reserves at our Kensington gold mine in Alaska two years in a row for the first time ever, achieving peer-leading results on key safety statistics, and continuing to lead in environmental, social and governance (ESG) factors. Our 2023 executive compensation program and results aligned with performance and stockholder returns for 2023 and the three-year period ended December 31, 2023. Our corporate annual incentive plan score was 84% of target overall, reflecting strong environmental, health and safety performance, production in line with guidance, and achievement of key strategic initiatives, offset by higher than planned costs and lower than planned adjusted EBITDA. The performance shares for the three-year period ended December 31, 2023 under our long-term incentive plan paid out at 63% of target, driven by above-target growth in reserves and resources and achievement of key milestones at our Rochester expansion and Silvertip exploration projects, offset by mine-level return on invested capital below threshold, and relative total stockholder return underperformance relative to our peers which triggered a 25% reduction in overall payout. Please see our 2023 Annual Report for more information about our 2023 operational and financial results and 2024 priorities. Our ESG priorities and achievements in 2023 were significant and aligned with creating long-term stockholder value and mitigating risk. We determine our ESG priorities through periodic materiality assessments of the ESG factors that impact our business and strategy most directly. Among our priorities and achievements in 2023 were adoption and roll-out of a biodiversity standard, completion of projects to reduce fuel usage and thereby reduce both costs and emissions, enhanced water-related disclosures and water management strategies and processes, and formal adoption of the Global Industry Standard on Tailings Management. We also continued to refresh our Board by adding directors with highly relevant skills, experiences and backgrounds. We were very pleased to add Paramita Das, who joined the Board after being elected by stockholders at the 2023 Annual Meeting, and Rob Krcmarov, who was added in December 2023. Sebastian Edwards is not standing for re-election at the 2024 Annual Meeting after serving on our Board since 2007. Your Vote is Important Regardless of how many shares you own, your vote is important. Please read the Proxy Statement before exercising your vote. Brokers are not permitted to vote on certain proposals and may not vote on any of the proposals unless you provide voting instructions. Voting your shares will help to ensure that your interests are represented at the Annual Meeting. We encourage you to return your proxy to vote your shares in advance, even if you plan to attend the virtual Annual Meeting. You can submit your proxy on the internet or by telephone, or by completing, signing, dating, and returning your proxy card or voting instruction form. Instructions on how to vote begin on page 93 . On behalf of the Board, the management team and employees, we thank you for your continued support of Coeur Mining and look forward to hostin

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