Latest news with #Coeur
Euronews
5 days ago
- Entertainment
- Euronews
TIME Magazine celebrates first ever 'Girls of the Year' list
TIME Magazine, known for its annual celebrations of the world's most remarkable individuals, has published its first-ever Girls of the Year list today. The magazine has honoured '10 extraordinary young leaders' between the ages of 12 and 17, who are 'inspiring communities around the world.' 'The initiative celebrates and amplifies the voices of inspiring young women who are building the future and turning imagination into impact', TIME said in a statement. Among the honourees is 15-year-old French singer Zoé Clauzure, whoo won the 2023 Junior Eurovision Song Contest with her anti-bullying pop anthem 'Coeur.' In 2024, Clauzure became the youngest-ever Ambassador for Peace at the Non-Violence Project, a non profit dedicated to promoting peace. The list also distinguished Mexican racing driver Ivanna Richards, 17, who hopes to one day compete in the male-dominated Formula 1. In the meantime, Richards takes part in Mexican racing series, and she participated in a test drive for the female-only F1 Academy championship in 2024. Other "Girls of the Year" include 12-year-old scientist Clara Proksch from Germany, 17-year-old Polish scientist Kornelia Wieczorek and Japanese skateboarder Coco Yoshizawa, 15, who won a gold medal at the 2024 Paris Olympics. 'These girls are part of a generation that's reshaping what leadership looks like today,' said TIME's Senior Editor Dayana Sarkisova. 'Their generation understands that change doesn't require waiting for adulthood - it starts with seeing problems and refusing to accept them as permanent.' The Girls of the Year list was made in partnership with the LEGO Group. The company launched its 'She Built That' campaign in June to fight sexist stereotypes and empower little girls. LEGO found that 72% of parents still feel girls lack visible female role models who build the world, according to a survey on more than 30,000 parents and children in 21 countries. In addition to its Person of the Year feature, TIME regularly honours influential people through its TIME 100 lists. In 2019, the magazine released 89 covers to celebrate 100 women from 1920 to the current era. Since 2022, TIME has also awarded the Women of the Year title to several women from various fields each year. The 2025 list includes actress Nicole Kidman, gymnast Jordan Chiles and sexual assault survivor Gisèle Pelicot.
Business Wire
06-08-2025
- Business
- Business Wire
Coeur Reports Second Quarter 2025 Results
CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. ('Coeur' or the 'Company') (NYSE: CDE) today reported record second quarter 2025 financial results, including revenue of $481 million and cash flow from operating activities of $207 million. The Company reported record quarterly GAAP net income from continuing operations of $71 million, or $0.11 per share. On an adjusted basis 1, Coeur reported record quarterly EBITDA of $244 million, record cash flow from operating activities before changes in working capital of $162 million and record net income from continuing operations of $127 million, or $0.20 per share. Key Highlights Strong production and cost performance drove margin expansion – Each of Coeur's five operations generated strong production increases and delivered positive free cash flow. Quarterly silver production of 4.7 million ounces was 27% higher quarter-over-quarter and 79% higher year-over-year. Gold production increased 25% quarter-over-quarter and 38% year-over-year to 108,487 ounces. Average realized prices for gold and silver increased 15% and 5% respectively, compared to the first quarter while costs applicable to sales per gold and silver ounce 1 declined by approximately 6% quarter-over-quarter Record quarterly financial results – Fourth consecutive quarter of positive free cash flow, which increased more than eightfold versus the prior quarter to a record $146 million. Adjusted EBITDA 1 increased 64% versus the prior quarter to a record $244 million, bringing the last twelve-month ('LTM') total to $635 million. Fifth consecutive quarter of net income, which totaled a record $71 million, or $0.11 per share Accelerated debt reduction initiative led to further balance sheet strengthening – The remaining $110 million balance on the revolving credit facility ('RCF') 2 was repaid during the quarter, quarter-end cash and equivalents increased to $112 million, and the net leverage ratio decreased to 0.4x at quarter-end Stock repurchase program authorized with initial activity in the quarter – On May 27, 2025, Coeur announced a $75 million share repurchase program. During the second quarter, the Company repurchased 216,500 shares at an average price of $9.24 per share Rochester crushed ore rates continued to increase – The newly-expanded Rochester silver and gold operation in Nevada crushed 6.7 million tons during the quarter, representing an increase of 24% compared to the previous quarter, reflecting steady increases in crushing circuit availability. Rochester silver and gold production increased 50% and 79%, respectively, compared to the second quarter of 2024 and remains on track to deliver on its full-year guidance ranges Reaffirming full-year production and cost guidance - Coeur remains positioned to deliver guided 2025 production of 380,000 - 440,000 ounces of gold and 16.7 - 20.3 million ounces of silver, which represent year-over-year expected increases of 20% and 62% for gold and silver, respectively 3. The Company also reaffirmed its full-year CAS 1 guidance 'Coeur's record second quarter reflects strong contributions from all five of our North American gold and silver operations, including the first full quarter from the recently acquired Las Chispas mine,' said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. 'Together with the benefit of higher gold and silver prices, we saw a step change in our financial results in the quarter, including an impressive $146 million of free cash flow, while we eliminated the remaining balance on our RCF 2 and began buying back shares.' 'Looking ahead to the second half of the year, we expect even higher gold and silver production levels consistent with our re-affirmed 2025 production and cost guidance. We remain uniquely positioned to leverage higher gold and silver prices, which is expected to lead to over $800 million of full-year 2025 adjusted EBITDA and over $400 million of full-year 2025 free cash flow.' Financial and Operating Highlights (Unaudited) (Amounts in millions, except per share amounts, gold ounces produced & sold, and per-ounce metrics) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Gold Sales $ 323.1 $ 235.3 $ 205.2 $ 223.8 $ 154.1 Silver Sales $ 157.5 $ 124.7 $ 100.2 $ 89.7 $ 67.9 Consolidated Revenue $ 480.7 $ 360.1 $ 305.4 $ 313.5 $ 222.0 Costs Applicable to Sales 4 $ 229.5 $ 204.3 $ 158.8 $ 156.7 $ 144.7 General and Administrative Expenses $ 13.3 $ 13.9 $ 11.1 $ 11.0 $ 11.2 Net Income (Loss) $ 70.7 $ 33.4 $ 37.9 $ 48.7 $ 1.4 Net Income (Loss) Per Share $ 0.11 $ 0.06 $ 0.08 $ 0.12 $ 0.00 Adjusted Net Income (Loss) 1 $ 127.4 $ 59.9 $ 45.3 $ 47.2 $ (3.4 ) Adjusted Net Income (Loss) 1 Per Share $ 0.20 $ 0.11 $ 0.11 $ 0.12 $ (0.01 ) Weighted Average Shares Outstanding 643.1 521.2 401.0 400.8 399.9 EBITDA 1 $ 203.0 $ 105.3 $ 104.6 $ 121.1 $ 49.7 Adjusted EBITDA 1 $ 243.5 $ 148.9 $ 116.4 $ 126.0 $ 52.4 Cash Flow from Operating Activities $ 207.0 $ 67.6 $ 63.8 $ 111.1 $ 15.2 Capital Expenditures $ 60.8 $ 50.0 $ 47.7 $ 42.0 $ 51.4 Free Cash Flow 1 $ 146.2 $ 17.6 $ 16.1 $ 69.1 $ (36.2 ) Cash, Equivalents & Short-Term Investments $ 111.6 $ 77.6 $ 55.1 $ 76.9 $ 74.1 Total Debt 5 $ 380.7 $ 498.3 $ 590.1 $ 605.2 $ 629.3 Average Realized Price Per Ounce – Gold $ 3,021 $ 2,635 $ 2,399 $ 2,309 $ 2,003 Average Realized Price Per Ounce – Silver $ 33.72 $ 32.05 $ 31.11 $ 29.86 $ 26.20 Gold Ounces Produced 108,487 86,766 87,149 94,993 78,696 Silver Ounces Produced 4.7 3.7 3.2 3.0 2.6 Gold Ounces Sold 106,948 89,316 85,555 96,913 76,932 Silver Ounces Sold 4.7 3.9 3.2 3.0 2.6 Adjusted CAS per AuOz 1 $ 1,260 $ 1,330 $ 1,192 $ 1,113 $ 1,264 Adjusted CAS per AgOz 1 $ 13.41 $ 14.28 $ 16.93 $ 15.67 $ 17.71 Expand Financial Results Second quarter 2025 revenue totaled $481 million compared to $360 million in the prior period and $222 million in the second quarter of 2024. The Company produced 108,487 and 4.7 million ounces of gold and silver, respectively, during the quarter. Metal sales for the quarter totaled 106,948 ounces of gold and 4.7 million ounces of silver. Average realized gold and silver prices for the quarter were $3,021 and $33.72 per ounce, respectively, compared to $2,635 and $32.05 per ounce in the prior period and $2,003 and $26.20 per ounce in the second quarter of 2024. Gold and silver sales represented 67% and 33% of quarterly revenue, respectively, compared to 65% and 35% in the prior period. The Company's U.S. operations accounted for approximately 55% of second quarter revenue compared to 57% in the first quarter of 2025, which included 45 days of production from Las Chispas following the closing of the SilverCrest transaction on February 14, 2025. Adjusted costs applicable to sales per ounce 1 of gold and silver decreased 5% and 6% quarter-over-quarter, respectively, largely due to higher metal sales. General and administrative expenses decreased $1 million, or 4%, quarter-over-quarter to $13 million, driven by annual incentive payouts paid in the prior period. Coeur invested approximately $30 million ($23 million expensed and $7 million capitalized) in exploration during the quarter, compared to approximately $22 million ($20 million expensed and $2 million capitalized) in the prior period. See the 'Operations' and 'Exploration' sections for additional detail on the Company's exploration activities. The Company recorded income tax expense of approximately $63 million during the second quarter. Cash income and mining taxes paid during the period totaled approximately $38 million. Fluctuations in foreign exchange rates on deferred tax balances increased income and mining tax expense by $28.3 million and decreased income and mining tax expense by $0.2 million for the three months ended June 30, 2025 and March 31, 2025, respectively. The impact of foreign exchange rates on deferred tax balances is predominantly due to the Mexican Peso and deferred taxes resulting from Las Chispas purchase price accounting. Quarterly operating cash flow totaled $207 million compared to $68 million in the prior period, mainly driven by stronger operating performance at each of the Company's five mines, as well as increased metal sales and higher average metals prices. Changes in working capital during the quarter were $45 million. Second quarter capital expenditures were $61 million compared to $50 million in the prior period. Sustaining and development capital expenditures accounted for approximately $48 million and $13 million, or 79% and 21%, respectively, of Coeur's total capital investment during the quarter. Operations Second quarter 2025 highlights for each of the Company's operations are provided below. Las Chispas, Mexico (Dollars in millions, except per ounce amounts) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Tons milled 118,399 59,368 — — — Average gold grade (oz/t) 0.150 0.130 — — — Average silver grade (oz/t) 13.32 12.71 — — — Average recovery rate – Au 93.8 % 94.8 % — % — % — % Average recovery rate – Ag 94.4 % 94.6 % — % — % — % Gold ounces produced 16,271 7,175 — — — Silver ounces produced (000's) 1,489 714 — — — Gold ounces sold 16,025 9,607 — — — Silver ounces sold (000's) 1,479 924 — — — Average realized price per gold ounce $ 3,315 $ 2,902 $ — $ — $ — Average realized price per silver ounce $ 33.48 $ 32.63 $ — $ — $ — Metal sales $ 102.7 $ 58.0 $ — $ — $ — Costs applicable to sales 4 $ 57.7 $ 42.8 $ — $ — $ — Adjusted CAS per AuOz 1 $ 894 $ 744 $ — $ — $ — Adjusted CAS per AgOz 1 $ 8.94 $ 8.38 $ — $ — $ — Exploration expense $ 3.3 $ 1.9 $ — $ — $ — Cash flow from operating activities $ 58.6 $ 97.1 $ — $ — $ — Sustaining capital expenditures (excludes capital lease payments) $ 9.2 $ 5.3 $ — $ — $ — Development capital expenditures $ — $ — $ — $ — $ — Total capital expenditures $ 9.2 $ 5.3 $ — $ — $ — Free cash flow 1 $ 49.4 $ 91.8 $ — $ — $ — Expand Operational Second quarter gold and silver production totaled 16,271 ounces and 1,488,672 ounces, respectively, compared to 7,175 gold ounces and 714,239 silver ounces in the prior period, which included 45 days of production following the closing of the SilverCrest transaction on February 14, 2025 Production during the quarter benefited from higher average gold and silver grades Financial Adjusted CAS 1 for gold and silver on a co-product basis totaled $894 for gold and $8.94 for silver Gold and silver accounted for approximately 48% and 52%, respectively, of revenue during the quarter Free cash flow 1 in the second quarter totaled $49 million compared to $91.8 million in the prior period, which included the sale of held bullion and finished goods totaling $72 million Exploration Exploration investment in the second quarter totaled approximately $3 million (substantially all expensed) compared to $2 million (substantially all expensed) in the prior period Up to eight rigs were active during the quarter: five on surface and three underground. The primary focus was on the Babicanora and Las Chispas Blocks as well as the Gap Zone located between these two blocks On the Las Chispas Block and in the Gap Zone, the Augusta, William Tell Mini, North Las Chispas and La Sopresa veins delivered very favorable results and continued to expand. Notably, the high-grade Augusta discovery made earlier this year has now been traced over 320 meters along strike and 150 meters down dip, consistently yielding multi-kilo grade intercepts on a silver equivalent basis. In addition, the North Las Chispas Vein returned intercepts of significantly higher grade than previously encountered. These strong results support the potential for expansion of these resource zones and contribution towards year-end reserve and resource calculations In the Babicanora Block, infill drilling has been delivering excellent results, providing enhanced potential for upgrade of inferred resources In the third quarter, drilling is expected to continue on all veins detailed above and scout drilling is expected to commence on a number of targets across the district Guidance Prorated production reflecting 10.5 months is expected to be 42,500 - 52,500 ounces of gold and 4.25 - 5.25 million ounces of silver Prorated adjusted CAS 1 reflecting 10.5 months are expected to be $850 - $950 per gold ounce and $9.25 - $10.25 per silver ounce Prorated capital expenditures reflecting 10.5 months are expected to be $30 - $34 million, consisting primarily of sustaining capital Prorated exploration investment reflecting 10.5 months is expected to be $16 - $18 million (substantially all expensed) Palmarejo, Mexico (Dollars in millions, except per ounce amounts) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Tons milled 483,880 440,920 419,008 413,463 429,561 Average gold grade (oz/t) 0.060 0.050 0.059 0.070 0.066 Average silver grade (oz/t) 4.06 4.36 4.17 5.15 4.49 Average recovery rate – Au 92.9 % 95.2 % 91.2 % 94.8 % 89.9 % Average recovery rate – Ag 88.6 % 87.4 % 88.3 % 85.6 % 82.8 % Gold ounces produced 27,272 23,032 22,490 27,549 25,467 Silver ounces produced (000's) 1,741 1,680 1,543 1,823 1,596 Gold ounces sold 26,782 22,713 22,353 28,655 24,313 Silver ounces sold (000's) 1,720 1,636 1,598 1,861 1,542 Average realized price per gold ounce $ 2,093 $ 1,924 $ 1,750 $ 1,922 $ 1,744 Average realized price per silver ounce $ 33.76 $ 31.85 $ 31.27 $ 29.71 $ 26.48 Metal sales $ 114.1 $ 95.8 $ 89.1 $ 110.4 $ 83.2 Costs applicable to sales 4 $ 48.7 $ 43.7 $ 45.5 $ 47.5 $ 48.2 Adjusted CAS per AuOz 1 $ 888 $ 882 $ 894 $ 818 $ 1,006 Adjusted CAS per AgOz 1 $ 14.39 $ 14.37 $ 15.92 $ 12.60 $ 15.24 Exploration expense $ 4.0 $ 3.9 $ 3.8 $ 4.3 $ 2.6 Cash flow from operating activities $ 47.9 $ 8.7 $ 33.2 $ 55.6 $ 23.7 Sustaining capital expenditures (excludes capital lease payments) $ 3.6 $ 2.5 $ 6.5 $ 4.0 $ 3.1 Development capital expenditures $ 2.0 $ 3.4 $ 3.4 $ 4.0 $ 2.8 Total capital expenditures $ 5.6 $ 5.9 $ 9.9 $ 8.0 $ 5.9 Free cash flow 1 $ 42.3 $ 2.8 $ 23.3 $ 47.6 $ 17.8 Expand Operational Second quarter gold and silver production totaled 27,272 and 1.7 million ounces, respectively, compared to 23,032 and 1.7 million ounces in the prior period and 25,467 and 1.6 million ounces in the second quarter of 2024 Production during the quarter benefited from higher average silver recoveries, higher average gold grade and higher tons milled, driven in part by greater contributions from Hidalgo development ore following the completion of the Hidalgo portal last year Financial Adjusted CAS 1 for gold and silver on a co-product basis decreased slightly quarter-over-quarter to $888 and $14.39 per ounce, respectively, driven by higher metal sales Capital expenditures totaled $6 million, which were flat compared to the prior period Free cash flow 1 in the second quarter increased to $42 million compared to $3 million in the prior period, driven by lower tax payments this quarter Exploration Exploration investment remained consistent quarter-over-quarter at approximately $4 million (substantially all expensed) The exploration program ramped up to eight rigs across the property during the second quarter Key areas of drilling activity included expansion of the mine trend to the northwest and the southeast. The northwestern portion of the mine trend, called the Hidalgo Corridor, includes the Hidalgo, Libertad and San Juan zones. Expansion drilling to the southeast of the mine trend involves validation drilling of the Independencia Sur block that was acquired from Fresnillo in 2024 and includes the Independencia Sur vein and other vein targets. Scout drilling also continued at Camuchin On the Hidalgo Corridor, drilling continues to deliver excellent results, outlining an additional 350 meters of strike length year to date. Drilling is extending the trend back towards the area that includes the original open pit, processing plant and the high-grade La Prieta system. Since its discovery in 2019, Hidalgo has become Palmarejo's second largest reserve after Guadalupe and is expected to expand further. Three rigs are expected to remain active in the Hidalgo Corridor through year-end At the Independencia Sur block, validation drilling is focused on the southeastern extension of mine corridor veins into this block, immediately adjacent to existing infrastructure and outside the area of interest of the Franco-Nevada gold stream agreement. Multiple veins, including Bruno and Independencia Sur, as well as potential new zones, have been intersected. As many as five rigs are expected to remain active in the Independencia Sur block through year-end At Camuchin, scout drilling has confirmed multiple veins spanning several kilometers. Ongoing geological work is aimed at refining targets, with highly encouraging results to date A follow-up program to the 2024 pilot high-resolution geophysical survey commenced during the quarter. This effort has significantly improved subsurface targeting and is driving faster, more cost-effective drilling campaigns Validation drilling also commenced on the Guazapares trend over the San Miguel deposit following the successful amendment to an agreement with the Guazapares Ejido in the first quarter Other Approximately 48% of Palmarejo's gold sales in the second quarter were sold under the gold stream agreement with Franco-Nevada at a price of $800 per ounce, totaling 12,986 ounces. The Company anticipates approximately 40% - 50% of Palmarejo's 2025 gold sales will be sold under the gold stream agreement Guidance Full-year 2025 production is expected to be 95,000 - 105,000 ounces of gold and 5.4 - 6.5 million ounces of silver Adjusted CAS 1 in 2025 are expected to be $950 - $1,150 per gold ounce and $17.00 - $18.00 per silver ounce Capital expenditures are expected to be $26 - $32 million, consisting primarily of sustaining capital and underground development Exploration investment in 2025 is expected to be $16 - $18 million (substantially all expensed) Rochester, Nevada (Dollars in millions, except per ounce amounts) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Ore tons placed 7,851,665 6,987,324 8,226,820 7,064,623 5,102,800 Average silver grade (oz/t) 0.60 0.59 0.44 0.57 0.59 Average gold grade (oz/t) 0.003 0.003 0.003 0.002 0.002 Silver ounces produced (000's) 1,456 1,284 1,551 1,155 973 Gold ounces produced 14,302 13,353 15,752 9,690 8,006 Silver ounces sold (000's) 1,438 1,282 1,571 1,098 985 Gold ounces sold 13,881 14,713 14,824 9,186 8,150 Average realized price per silver ounce $ 33.88 $ 31.86 $ 30.97 $ 30.13 $ 25.78 Average realized price per gold ounce $ 3,333 $ 2,840 $ 2,604 $ 2,492 $ 2,131 Metal sales $ 95.0 $ 82.6 $ 87.2 $ 56.0 $ 42.8 Costs applicable to sales 4 $ 47.9 $ 48.5 $ 51.5 $ 39.4 $ 36.7 Adjusted CAS per AgOz 1 $ 16.83 $ 18.41 $ 17.96 $ 20.88 $ 21.58 Adjusted CAS per AuOz 1 $ 1,675 $ 1,670 $ 1,495 $ 1,735 $ 1,813 Prepayment, working capital cash flow $ — $ (17.5 ) $ — $ — $ — Exploration expense $ 1.2 $ 1.5 $ 2.7 $ 1.0 $ 1.0 Cash flow from operating activities $ 39.6 $ (7.0 ) $ 26.0 $ 3.2 $ (5.9 ) Sustaining capital expenditures (excludes capital lease payments) $ 20.7 $ 8.5 $ 10.4 $ 7.0 $ 9.9 Development capital expenditures $ 3.8 $ 6.4 $ 3.5 $ 3.1 $ 17.6 Total capital expenditures $ 24.5 $ 14.9 $ 13.9 $ 10.1 $ 27.5 Free cash flow 1 $ 15.1 $ (21.9 ) $ 12.1 $ (6.9 ) $ (33.4 ) Expand Operational Silver and gold production in the second quarter increased to 1.5 million and 14,302 ounces, respectively, compared to 1.3 million and 13,353 ounces in the prior period and 1.0 million and 8,006 ounces in the second quarter of 2024 Ore tons placed during the quarter totaled 7.9 million tons, consisting of approximately 6.7 million tons through the crushing circuit, up from 5.5 million tons in the prior quarter. Additionally, the Company placed approximately 1.1 million tons of direct to pad (DTP) material, down from 1.5 million tons of DTP material placed in the prior quarter Work progressed on the campaign to remove eight million tons from the legacy Stage I and Stage II leach pads to facilitate exploration drilling and future planned mining activities. Approximately 4.8 million tons have been removed year-to-date, with project completion expected in the third quarter of 2025 Financial Second quarter adjusted CAS 1 for silver and gold on a co-product basis totaled $16.83 and $1,675 per ounce, respectively, mainly driven by higher metal sales Capital expenditures increased on a quarter-over-quarter basis to $25 million compared to $15 million in the prior period, driven mainly by capitalized stripping to offload material from the legacy Stage I and II leach pads Free cash flow 1 in the second quarter totaled $15 million compared to $(22) million in the prior period Exploration Exploration investment in the second quarter totaled approximately $4 million ($1 million expensed and $3 million capitalized) compared to roughly $2 million ($2 million expensed and $1 million capitalized) in the prior quarter Up to two rigs were active during the quarter. Target areas included East Rochester, Lincoln Hill and the expected highly prospective corridor between Nevada Packard and Rochester A small diamond core drill program completed at East Rochester during the quarter successfully delineated the edges of the Wedge target and areas of colluvium in advance of a larger-scale drill campaign expected to begin in the fourth quarter of 2025, following the partial removal of legacy Stage I and Stage II leach pads A validation and expansion program at Lincoln Hill commenced during the quarter and is expected to continue through the third quarter of 2025 Ongoing geological modeling at Nevada Packard and Rochester is extending interpretations into the connecting corridor. Strong geophysical responses and historic workings support the presence of high-grade structures continuing between the pits. As a result, an initial scout drill program commenced during the quarter, with two holes already completed in the corridor Guidance Full-year 2025 production is expected to be 7.0 - 8.3 million ounces of silver and 60,000 - 75,000 ounces of gold Adjusted CAS 1 for 2025 are expected to be $14.50 - $16.50 per silver ounce and $1,250 - $1,450 per gold ounce Capital expenditures are expected to be $57 - $70 million, which reflects an eight-million-ton stripping campaign for the removal of Stage I and II legacy leach pads to access ore zones in the eastern portion of the open pit, modifications after startup of the crusher corridor and final negotiated payment with a key contractor of the expansion construction Exploration investment in 2025 is expected to be $13 - $16 million ($11 - $12 million expensed and $2 - $4 million capitalized) Kensington, Alaska (Dollars in millions, except per ounce amounts) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Tons milled 192,169 185,344 183,639 165,916 182,043 Average gold grade (oz/t) 0.15 0.13 0.16 0.16 0.14 Average recovery rate 91.8 % 93.3 % 91.8 % 90.4 % 92.3 % Gold ounces produced 26,555 22,715 26,931 24,104 23,202 Gold ounces sold 26,751 22,205 25,839 24,800 23,539 Average realized price per gold ounce, gross $ 3,410 $ 2,990 $ 2,702 $ 2,563 $ 2,223 Treatment and refining charges per gold ounce $ 56 $ 53 $ 53 $ 56 $ 52 Average realized price per gold ounce, net $ 3,354 $ 2,937 $ 2,649 $ 2,507 $ 2,171 Metal sales $ 89.8 $ 65.2 $ 68.3 $ 62.2 $ 51.1 Costs applicable to sales 4 $ 46.1 $ 42.2 $ 39.7 $ 38.1 $ 40.7 Adjusted CAS per AuOz 1 $ 1,713 $ 1,882 $ 1,529 $ 1,539 $ 1,734 Prepayment, working capital cash flow $ — $ (12.1 ) $ (12.9 ) $ 11.8 $ (11.8 ) Exploration expense $ 1.5 $ 3.3 $ 0.7 $ 2.0 $ 1.3 Cash flow from operating activities $ 36.0 $ 5.9 $ 8.5 $ 38.1 $ (7.2 ) Sustaining capital expenditures (excludes capital lease payments) $ 12.3 $ 15.2 $ 18.9 $ 20.0 $ 16.5 Development capital expenditures $ 4.0 $ 0.3 $ — $ — $ — Total capital expenditures $ 16.3 $ 15.5 $ 18.9 $ 20.0 $ 16.5 Free cash flow 1 $ 19.7 $ (9.6 ) $ (10.4 ) $ 18.1 $ (23.7 ) Expand Operational Gold production in the second quarter increased to 26,555 ounces compared to 22,715 ounces in the prior period and 23,202 ounces in the second quarter of 2024 Stronger production during the quarter was driven by higher tons milled and higher average gold grade offset by lower recoveries Financial Second quarter adjusted CAS 1 decreased to $1,713 per ounce compared to $1,882 per ounce in the prior period, due primarily to increased metal sales Capital expenditures increased 5% quarter-over-quarter to $16 million. The second quarter marked the end of the multi-year underground mine development program at Kensington Free cash flow 1 in the second quarter increased to $20 million, reflecting increased metals sales Exploration Exploration investment in the second quarter totaled approximately $5 million ($2 million expensed and $3 million capitalized), compared to $5 million ($3 million expensed and $2 million capitalized) in the prior period Drilling at Kensington is progressing exceptionally well, with drill footage targets achieved ahead of schedule and under budget during the quarter. Drill targets include Elmira, Upper and Lower Kensington and Johnson At Elmira and Elmira South, second quarter drilling was focused primarily on infill work. Notably, the newly-discovered Elmira Hanging Wall Zone first identified in 2024 returned several high-grade intercepts and is expected to be included in the year-end 2025 resource estimates for the first time In Upper Kensington, both expansion and infill drilling at Zones 30 and 30B continue to return high-grade intercepts. Additionally, expansion drilling in Zone 10 (Lower Kensington) is extending the mineralization up-dip into Upper Kensington Following very strong results from initial test drilling at the Johnson target in 2024, an increased budget of $1.6 million was approved during the quarter. Drilling is ongoing, and this area is also expected to contribute to year-end reserve and resource estimates Due to excellent progress across the Kensington programs this year, the number of active drill rigs will be reduced in the second half. During the summer, one rig is expected to be dedicated to scout drilling on a new target called Ivanhoe and Hope, located approximately 1.2 miles northwest of the Kensington mine workings Guidance Full-year 2025 production is expected to be 92,500 - 107,500 gold ounces Adjusted CAS 1 in 2025 are expected to be $1,700 - $1,900 per gold ounce Capital expenditures are expected to be $55 - $64 million, which reflects the completion of the multi-year development and exploration program in the first half of the year as well as an $18 - $22 million investment to raise the main tailings storage facility embankment as part of the expansion of the existing facility, which is expected to be executed over the next two years Exploration investment in 2025 is expected to be $11 - $14 million ($6 - $8 million expensed and $5 - $6 million capitalized) Wharf, South Dakota (Dollars in millions, except per ounce amounts) 2Q 2025 1Q 2025 4Q 2024 3Q2024 2Q 2024 Ore tons placed 1,105,605 1,033,699 1,164,894 1,424,649 1,162,437 Average gold grade (oz/t) 0.035 0.020 0.023 0.046 0.032 Gold ounces produced 24,087 20,491 21,976 33,650 22,021 Silver ounces produced (000's) 36 51 54 42 69 Gold ounces sold 23,509 20,078 22,539 34,272 20,930 Silver ounces sold (000's) 35 50 54 45 65 Average realized price per gold ounce $ 3,315 $ 2,827 $ 2,620 $ 2,440 $ 2,064 Metal sales $ 79.1 $ 58.4 $ 60.7 $ 85.0 $ 45.0 Costs applicable to sales 4 $ 29.0 $ 27.0 $ 22.1 $ 31.8 $ 19.1 Adjusted CAS per AuOz 1 $ 1,175 $ 1,260 $ 902 $ 885 $ 822 Prepayment, working capital cash flow $ — $ (12.5 ) $ — $ — $ — Exploration expense $ 3.5 $ 2.6 $ 2.7 $ 2.3 $ 1.1 Cash flow from operating activities $ 41.4 $ 15.7 $ 22.2 $ 51.6 $ 17.0 Sustaining capital expenditures (excludes capital lease payments) $ 2.3 $ 6.4 $ 2.9 $ 2.8 $ 1.2 Development capital expenditures $ 1.3 $ 1.0 $ — $ — $ — Total capital expenditures $ 3.6 $ 7.4 $ 2.9 $ 2.8 $ 1.2 Free cash flow 1 $ 37.8 $ 8.3 $ 19.3 $ 48.8 $ 15.8 Expand Operational Gold production in the second quarter increased 18% quarter-over-quarter to 24,087 ounces, driven by higher gold grades Financial Adjusted CAS 1 on a by-product basis decreased 7% quarter-over-quarter to $1,175 per ounce, due primarily to higher gold sales Capital expenditures totaled approximately $4 million compared to $7 million in the prior period Free cash flow 1 in the second quarter increased to $38 million compared to $8 million in the prior period Exploration Exploration investment during the second quarter totaled $4 million (substantially all expensed), compared to $3 million (substantially all expensed) in the prior quarter Expansion and infill drilling programs at Wedge and North Foley were completed during the quarter. All remaining 2025 drilling is expected to focus on infill work at Juno Results from both Wedge and North Foley met expectations, and these zones are expected to contribute meaningfully to year-end reserve and resource estimates Exploration priorities in the third quarter include infill drilling at Juno, following up on 2024 expansion drilling, which extended mineralization approximately 500 feet to the northwest Guidance Full-year 2025 production is expected to be 90,000 - 100,000 gold ounces and 50,000 - 200,000 ounces of silver Adjusted CAS 1 in 2025 are expected to be $1,250 - $1,350 per gold ounce Capital expenditures are expected to be $13 - $17 million, which reflects increased infill drilling expected to materially extend the mine life as well as other investments which are expected to be required to convert the Juno and North Foley deposits into reserves Exploration investment in 2025 is expected to be $7 - $10 million (substantially all expensed) Exploration The Company's exploration investment in 2025 is expected to total $67 - $77 million for expansion drilling (classified as exploration expense) and $10 - $16 million for infill drilling (capitalized exploration) for a total expected investment of $77 - $93 million. Top exploration priorities for 2025 are: (1) continuing to build the inferred pipeline at Palmarejo to provide optionality to the operation, including to the East of existing operations, where 60% of this year's exploration investment is budgeted; (2) outlining higher-grade structures to enhance the near-term margin and longer-term free cash flow profile of Rochester; (3) maintaining a 5-year reserve-based mine life at Kensington while finding higher-grade zones to bolster cash flow; (4) completing the expansion and infill programs at Wharf to add to the life of mine; (5) building on the new geological model and understanding at Silvertip to grow the resource base, and; (6) rapidly building detailed knowledge of Las Chispas and maintaining mine life. During the second quarter, Coeur invested approximately $30 million ($23 million expensed and $7 million capitalized), compared to roughly $22 million ($20 million expensed and $2 million capitalized) in the prior period. At Silvertip, exploration investment totaled approximately $9 million in the second quarter, compared to $6 million in the prior period. Following completion of the geological model in the first quarter of 2025, exploration drilling commenced in May. During the second quarter, drilling at Silvertip focused on three targets; Southern Silver, Discovery, and Saddle Zones, using one underground rig and three surface rigs. Alongside drilling, final preparations and planning were completed for the summer surface exploration program, which includes geological mapping, rock chip sampling, and stream and soil geochemical surveys. 2025 Guidance The Company has reaffirmed its 2025 production and costs applicable to sales guidance ranges as shown below. Regarding 2025 capital guidance (which excludes capital leases), the Company has elected to fund $10 million of sustaining capital with cash versus previously planned capital leases due to the overall improved financial position of the Company. Due to the Company's strong share price performance in 2025, the Company has increased its 2025 G&A expense guidance to reflect the non-cash increase in incentive compensation related to expected performance share expense. The exploration expense guidance below excludes $17 - $22 million of underground mine development and support costs associated with Silvertip. Note that Las Chispas guidance reflects results from the February 14, 2025 closing of the acquisition. Additionally, Las Chispas cost guidance excludes the effects of the SilverCrest purchase price allocation. 2025 Production Guidance 2025 Adjusted Costs Applicable to Sales Guidance Gold Silver ($/oz) ($/oz) Las Chispas (co-product) $850 - $950 $9.25 - $10.25 Palmarejo (co-product) $950 - $1,150 $17.00 - $18.00 Rochester (co-product) $1,250 - $1,450 $14.50 - $16.50 Kensington $1,700 - $1,900 — Wharf (by-product) $1,250 - $1,350 — Expand 2025 Capital, Exploration and G&A Guidance Previous Updated ($M) ($M) Capital Expenditures, Sustaining $132 - $156 $142 - $156 Capital Expenditures, Development $55 - $69 $55 - $69 Exploration, Expensed $67 - $77 $67 - $77 Exploration, Capitalized $10 - $16 $10 - $16 General & Administrative Expenses $44 - $48 $48 - $52 Expand Note: The Company's guidance figures assume estimated prices of $2,700/oz gold and $30.00/oz silver as well as CAD of 1.425 and MXN of 20.50. Guidance figures exclude the impact of any metal sales or foreign exchange hedges. Financial Results and Conference Call Coeur will host a conference call to discuss its second quarter 2025 financial results on August 7, 2025 at 11:00 a.m. Eastern Time. Hosting the call will be Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Senior Vice President and Chief Financial Officer, Michael 'Mick' Routledge, Senior Vice President and Chief Operating Officer, Aoife McGrath, Senior Vice President, Exploration, and other members of management. A replay of the call will be available through August 14, 2025. About Coeur Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, 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. Cautionary Statements This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding cash flow, production growth, costs, capital expenditures, exploration and development efforts and plans and potential impacts on reserves and resources, mine lives and expected extensions, the gold stream agreement at Palmarejo, anticipated production, and costs and expenses and operations at Las Chispas, Palmarejo, Rochester, Kensington and Wharf. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that anticipated production, cost and expense levels are not attained, the risks and hazards inherent in the mining business (including risks inherent in developing and expanding large-scale mining projects, environmental hazards, industrial accidents, weather or geologically-related conditions), changes in the market prices of gold and silver and a sustained lower price or higher treatment and refining charge environment, the uncertainties inherent in Coeur's production, exploration and development activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns) and mining law changes, ground conditions, grade and recovery variability, any future labor disputes or work stoppages (involving the Company and its subsidiaries or third parties), the risk of adverse outcomes in litigation, the uncertainties inherent in the estimation of mineral reserves and resources, impacts from Coeur's future acquisition of new mining properties or businesses, risks associated with the continued integration of the recent acquisition of SilverCrest, the risk that the Rochester expansion does not sustain planned performance, the loss of access or insolvency of any third-party refiner or smelter to whom Coeur markets its production, materials and equipment availability, inflationary pressures, impacts from tariffs or other trade barriers, continued access to financing sources, the effects of environmental and other governmental regulations and government shut-downs, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur's ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur's most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities. This does not constitute an offer of any securities for sale. The scientific and technical information concerning our mineral projects in this news release have been reviewed and approved by a 'qualified person' under Item 1300 of SEC Regulation S-K, namely our Vice President, Technical Services, Christopher Pascoe. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineral resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant factors, please review the Technical Report Summaries for each of the Company's material properties which are available at Non-U.S. GAAP Measures We supplement the reporting of our financial information determined under United States generally accepted accounting principles (U.S. GAAP) with certain non-U.S. GAAP financial measures, including EBITDA, adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted net income (loss), operating cash flow before changes in working capital and adjusted costs applicable to sales per ounce. We believe that these adjusted measures provide meaningful information to assist management, investors and analysts in understanding our financial results and assessing our prospects for future performance. We believe these adjusted financial measures are important indicators of our recurring operations because they exclude items that may not be indicative of, or are unrelated to our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. We believe EBITDA, adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted net income (loss) and adjusted costs applicable to sales per ounce are important measures in assessing the Company's overall financial performance. For additional explanation regarding our use of non-U.S. GAAP financial measures, please refer to our Form 10-K for the year ended December 31, 2024. Notes EBITDA, adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted net income (loss), operating cash flow before changes in working capital and adjusted costs applicable to sales per ounce (gold and silver) are non-GAAP measures. Please see tables in the Appendix for the reconciliation to U.S. GAAP. Free cash flow is defined as cash flow from operating activities less capital expenditures. Liquidity is defined as cash and cash equivalents plus availability under the Company's RCF. Future borrowing under the RCF may be subject to certain financial covenants. Please see tables in Appendix for the calculation of consolidated free cash flow and liquidity. As of June 30, 2025, Coeur had no outstanding borrowings and $20.2 million in outstanding letters of credit under its RCF. Future borrowing under the RCF may be subject to certain financial covenants. Percentage based on the midpoint of 2025 guidance ranges. Excludes amortization. Includes capital leases. Net of debt issuance costs and premium received. Average Spot Prices COEUR MINING, INC. AND SUBSIDIARIES December 31, 2024 ASSETS In thousands, except share data CURRENT ASSETS Cash and cash equivalents $ 111,646 $ 55,087 Receivables 60,640 29,930 Inventory 201,679 78,617 Ore on leach pads 129,469 92,724 Prepaid expenses and other 22,875 16,741 526,309 273,099 NON-CURRENT ASSETS Property, plant and equipment and mining properties, net 2,794,687 1,817,616 Goodwill 613,355 — Ore on leach pads 102,078 106,670 Restricted assets 9,381 8,512 Receivables 14,447 19,583 Other 90,693 76,267 TOTAL ASSETS $ 4,150,950 $ 2,301,747 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 141,511 $ 125,877 Accrued liabilities and other 139,145 156,609 Debt 29,889 31,380 Reclamation 17,129 16,954 327,674 330,820 NON-CURRENT LIABILITIES Debt 350,833 558,678 Reclamation 257,903 243,538 Deferred tax liabilities 326,223 7,258 Other long-term liabilities 59,930 38,201 994,889 847,675 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY Common stock, par value $0.01 per share; authorized 900,000,000 shares, 642,701,753 issued and outstanding at June 30, 2025 and 399,235,632 at December 31, 2024 6,426 3,992 Additional paid-in capital 5,780,143 4,181,521 Accumulated deficit (2,958,182 ) (3,062,261 ) 2,828,387 1,123,252 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,150,950 $ 2,301,747 Expand Three Months Ended June 30, Six Months Ended June 30, In thousands, except share data Revenue $ 480,650 $ 222,026 $ 840,712 $ 435,086 COSTS AND EXPENSES Costs applicable to sales (1) 229,454 144,717 433,720 290,714 Amortization 61,421 27,928 104,514 55,225 General and administrative 13,250 11,241 27,162 25,645 Exploration 23,256 12,874 42,938 23,365 Pre-development, reclamation, and other 13,161 8,590 30,114 26,818 Total costs and expenses 340,542 205,350 638,448 421,767 Income or loss from operations 140,108 16,676 202,264 13,319 OTHER INCOME (EXPENSE), NET Gain (loss) on debt extinguishment — (21 ) — 417 Fair value adjustments, net 4 — (342 ) — Interest expense, net of capitalized interest (8,251 ) (13,162 ) (18,701 ) (26,109 ) Other, net 1,460 5,122 1,866 7,895 Total other income (expense), net (6,787 ) (8,061 ) (17,177 ) (17,797 ) Income (loss) before income and mining taxes 133,321 8,615 185,087 (4,478 ) Income and mining tax (expense) benefit (62,595 ) (7,189 ) (81,008 ) (23,213 ) NET INCOME (LOSS) $ 70,726 $ 1,426 $ 104,079 $ (27,691 ) OTHER COMPREHENSIVE INCOME (LOSS): Change in fair value of derivative contracts designated as cash flow hedges — (10,881 ) — (18,507 ) Reclassification adjustments for realized (gain) loss on cash flow hedges — 17,028 — 17,176 Other comprehensive income (loss) — 6,147 — (1,331 ) Basic income (loss) per share: Basic $ 0.11 $ 0.00 $ 0.18 $ (0.07 ) Diluted $ 0.11 $ 0.00 $ 0.18 $ (0.07 ) (1) Excludes amortization. Expand Three Months Ended June 30, Six Months Ended June 30, In thousands CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 70,726 $ 1,426 $ 104,079 $ (27,691 ) Adjustments: Amortization 61,421 27,928 104,514 55,225 Accretion 4,900 4,154 9,632 8,230 Deferred taxes (12,204 ) (9,217 ) (29,557 ) (4,788 ) Gain on debt extinguishment — 21 — (417 ) Fair value adjustments, net (4 ) — 342 — Stock-based compensation 4,217 2,732 7,515 6,980 Write-downs — — — 3,235 Deferred revenue recognition (192 ) (118 ) (42,508 ) (55,277 ) Acquired inventory purchase price allocation 29,680 — 56,720 — Other 3,029 556 4,552 11,378 Changes in operating assets and liabilities: Receivables (4,766 ) 3,180 (821 ) (2,136 ) Prepaid expenses and other current assets 2,424 4,176 84,489 3,537 Inventory and ore on leach pads (14,125 ) (19,774 ) (22,473 ) (39,468 ) Accounts payable and accrued liabilities 61,845 185 (1,898 ) 40,570 CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 206,951 15,249 274,586 (622 ) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (60,807 ) (51,405 ) (110,809 ) (93,488 ) Acquisitions, net 239 — 103,635 — Proceeds from the sale of assets 80 — 80 24 Other (85 ) (148 ) (175 ) (215 ) CASH USED IN INVESTING ACTIVITIES (60,573 ) (51,553 ) (7,269 ) (93,679 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of common stock 9,147 — 9,449 22,823 Issuance of notes and bank borrowings, net of issuance costs 47,000 115,000 146,500 250,000 Payments on debt, finance leases, and associated costs (164,731 ) (71,653 ) (356,965 ) (163,878 ) Share repurchases (2,004 ) — (2,004 ) — Other financing activities (2,184 ) (31 ) (7,905 ) (1,810 ) CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (112,772 ) 43,316 (210,925 ) 107,135 Effect of exchange rate changes on cash and cash equivalents 496 (361 ) 204 (321 ) INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 34,102 6,651 56,596 12,513 Cash, cash equivalents and restricted cash at beginning of period 79,368 69,240 56,874 63,378 Cash, cash equivalents and restricted cash at end of period $ 113,470 $ 75,891 $ 113,470 $ 75,891 Expand Adjusted EBITDA Reconciliation (Dollars in thousands except per share amounts) LTM 2Q 2025 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Net income (loss) $ 190,670 $ 70,726 $ 33,353 $ 37,852 $ 48,739 $ 1,426 Interest expense, net of capitalized interest 43,868 8,251 10,450 11,887 13,280 13,162 Income tax provision (benefit) 125,245 62,595 18,413 18,420 25,817 7,189 Amortization 174,263 61,421 43,093 36,533 33,216 27,928 EBITDA 534,046 202,993 105,309 104,692 121,052 49,705 Fair value adjustments, net 342 (4 ) 346 — — — Foreign exchange (gain) loss (2,517 ) (246 ) 758 (1,321 ) (1,708 ) (2,089 ) Asset retirement obligation accretion 18,180 4,900 4,732 4,315 4,233 4,154 Inventory adjustments and write-downs 6,309 1,598 1,928 1,552 1,231 1,071 (Gain) loss on sale of assets 377 117 186 (102 ) 176 640 RMC bankruptcy distribution (132 ) (37 ) — (95 ) — (1,199 ) (Gain) loss on debt extinguishment — — — — — 21 Transaction costs 20,227 2,823 8,887 7,541 976 — Kensington royalty settlement (67 ) 28 (95 ) — — 419 Mexico arbitration matter 3,629 1,740 410 152 1,327 1,138 Flow-through share premium (2,313 ) (112 ) (585 ) (369 ) (1,247 ) (1,456 ) COVID-19 1 — — — 1 3 Acquired inventory purchase price 56,721 29,681 27,040 — — — Adjusted EBITDA $ 634,803 $ 243,481 $ 148,916 $ 116,365 $ 126,041 $ 52,407 Revenue $ 1,459,632 $ 480,650 $ 360,062 $ 305,444 $ 313,476 $ 222,026 Adjusted EBITDA Margin 43 % 51 % 41 % 38 % 40 % 24 % Expand Adjusted Net Income (Loss) Reconciliation (Dollars in thousands except per share amounts) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Net income (loss) $ 70,726 $ 33,353 $ 37,852 $ 48,739 $ 1,426 Fair value adjustments, net (4 ) 346 — — — Foreign exchange loss (gain) (1) 28,072 574 265 (2,247 ) (2,950 ) (Gain) loss on sale of assets 117 186 (102 ) 176 640 RMC bankruptcy distribution (37 ) — (95 ) — (1,199 ) (Gain) loss on debt extinguishment — — — — 21 Transaction costs 2,823 8,887 7,541 976 — Kensington royalty settlement 28 (95 ) — — 419 Mexico arbitration matter 1,740 410 152 1,327 1,138 Flow-through share premium (112 ) (585 ) (369 ) (1,247 ) (1,456 ) COVID-19 — — — 1 3 Acquired inventory purchase price 29,681 27,040 — — — Tax effect of adjustments (5,633 ) (10,230 ) 142 (568 ) (1,447 ) Adjusted net income (loss) $ 127,401 $ 59,886 $ 45,386 $ 47,157 $ (3,405 ) Adjusted net income (loss) per share - Basic $ 0.20 $ 0.12 $ 0.12 $ 0.12 $ (0.01 ) Adjusted net income (loss) per share - Diluted $ 0.20 $ 0.11 $ 0.11 $ 0.12 $ (0.01 ) Expand (1) Includes the impact of foreign exchange rates on deferred tax balances of $28.3 million, $(0.2) million, $1.6 million, $(0.5) million and $(0.9) million for the three months ended June 30 and March 31, 2025 and December 31, September 30 and June 30, 2024, respectively. Expand Consolidated Free Cash Flow Reconciliation (Dollars in thousands) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Cash flow from operations $ 206,951 $ 67,635 $ 63,793 $ 111,063 $ 15,249 Capital expenditures 60,807 50,002 47,720 41,980 51,405 Free cash flow $ 146,144 $ 17,633 $ 16,073 $ 69,083 $ (36,156 ) Expand Consolidated Operating Cash Flow Before Changes in Working Capital Reconciliation (Dollars in thousands) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Cash provided by (used in) operating activities $ 206,951 $ 67,635 $ 63,793 $ 111,063 $ 15,249 Changes in operating assets and liabilities: Receivables 4,766 (3,945 ) (16 ) (1,616 ) (3,180 ) Prepaid expenses and other (2,424 ) (82,065 ) 408 352 (4,176 ) Inventories 14,125 8,348 15,852 14,320 19,774 Accounts payable and accrued liabilities (61,845 ) 63,743 (1,485 ) (37,187 ) (185 ) Operating cash flow before changes in working capital $ 161,573 $ 53,716 $ 78,552 $ 86,932 $ 27,482 Expand Net Debt and Leverage Ratio (Dollars in thousands) 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 Total debt $ 380,722 $ 498,269 $ 590,058 $ 605,183 $ 629,327 Cash and cash equivalents (111,646 ) (77,574 ) (55,087 ) (76,916 ) (74,136 ) Net debt $ 269,076 $ 420,695 $ 534,971 $ 528,267 $ 555,191 Leverage ratio 0.4 0.9 1.6 1.8 2.9 Expand Reconciliation of Costs Applicable to Sales for Three Months Ended June 30, 2025 In thousands (except metal sales, per ounce or per pound amounts) Las Chispas Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $ 80,122 $ 58,109 $ 64,676 $ 56,304 $ 30,542 $ 928 $ 290,681 Amortization (22,375 ) (9,406 ) (16,748 ) (10,221 ) (1,549 ) (928 ) (61,227 ) Costs applicable to sales $ 57,747 $ 48,703 $ 47,928 $ 46,083 $ 28,993 $ — $ 229,454 Inventory Adjustments (523 ) (147 ) (489 ) (222 ) (191 ) — (1,572 ) Acquired inventory purchase price allocation (29,681 ) — — — — — (29,681 ) By-product credit — — — (41 ) (1,188 ) — (1,229 ) Adjusted costs applicable to sales $ 27,543 $ 48,556 $ 47,439 $ 45,820 $ 27,614 $ — $ 196,972 Metal Sales Gold ounces 16,025 26,782 13,881 26,751 23,509 — 106,948 Silver ounces 1,479,410 1,720,383 1,437,811 — 34,916 — 4,672,520 Zinc pounds — — Lead pounds — — Revenue Split Gold 52 % 49 % 49 % 100 % 100 % Silver 48 % 51 % 51 % — % Zinc — % Lead — % Adjusted costs applicable to sales Gold ($/oz) $ 894 $ 888 $ 1,675 $ 1,713 $ 1,175 $ 1,260 Silver ($/oz) $ 8.94 $ 14.39 $ 16.83 $ — $ 13.41 Zinc ($/lb) $ — $ — Lead ($/lb) $ — $ — Expand Reconciliation of Costs Applicable to Sales for Three Months Ended March 31, 2025 In thousands (except metal sales, per ounce or per pound amounts) Las Chispas Palmarejo Rochester Kensington Wharf Silvertip Total Amortization (8,936 ) (9,181 ) (14,907 ) (7,471 ) (1,474 ) (946 ) (42,915 ) Costs applicable to sales $ 42,834 $ 43,703 $ 48,536 $ 42,156 $ 27,037 $ — $ 204,266 Inventory Adjustments (900 ) (164 ) (372 ) (339 ) (131 ) — (1,906 ) Acquired inventory purchase price allocation (27,040 ) (27,040 ) By-product credit — — — (36 ) (1,608 ) — (1,644 ) Metal Sales Gold ounces 9,607 22,713 14,713 22,205 20,078 — 89,316 Silver ounces 923,723 1,636,386 1,282,010 — 50,034 — 3,892,153 Zinc pounds — — Lead pounds — — Revenue Split Gold 48 % 46 % 51 % 100 % 100 % Silver 52 % 54 % 49 % — % Zinc — % Lead — % Adjusted costs applicable to sales Gold ($/oz) $ 744 $ 882 $ 1,670 $ 1,882 $ 1,260 $ 1,330 Silver ($/oz) $ 8.38 $ 14.37 $ 18.41 $ — $ 14.28 Zinc ($/lb) $ — $ — Lead ($/lb) $ — $ — Expand Reconciliation of Costs Applicable to Sales for Three Months Ended December 31, 2024 In thousands (except metal sales, per ounce or per pound amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $ 55,032 $ 67,406 $ 48,195 $ 23,665 $ 799 $ 195,097 Amortization (9,550 ) (15,858 ) (8,547 ) (1,607 ) (799 ) (36,361 ) Costs applicable to sales $ 45,482 $ 51,548 $ 39,648 $ 22,058 $ — $ 158,736 Inventory Adjustments (76 ) (1,190 ) (182 ) (56 ) — (1,504 ) By-product credit — — 43 (1,680 ) — (1,637 ) Adjusted costs applicable to sales $ 45,406 $ 50,358 $ 39,509 $ 20,322 $ — $ 155,595 Metal Sales Gold ounces 22,353 14,824 25,839 22,539 85,555 Silver ounces 1,596,875 1,570,448 54,000 — 3,221,323 Zinc pounds — — Lead pounds — — Revenue Split Gold 44 % 44 % 100 % 100 % Silver 56 % 56 % — % Zinc — % Lead — % Adjusted costs applicable to sales Gold ($/oz) $ 894 $ 1,495 $ 1,529 $ 902 $ 1,192 Silver ($/oz) $ 15.92 $ 17.96 $ — $ 16.93 Zinc ($/lb) $ — $ — Lead ($/lb) $ — $ — Expand Reconciliation of Costs Applicable to Sales for Three Months Ended September 30, 2024 In thousands (except metal sales, per ounce or per pound amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $ 59,439 $ 49,640 $ 45,711 $ 34,198 $ 794 $ 189,782 Amortization (11,984 ) (10,231 ) (7,612 ) (2,419 ) (794 ) (33,040 ) Costs applicable to sales $ 47,455 $ 39,409 $ 38,099 $ 31,779 $ — $ 156,742 Inventory Adjustments (572 ) (536 ) 50 (119 ) — (1,177 ) By-product credit — — 12 (1,332 ) — (1,320 ) Adjusted costs applicable to sales $ 46,883 $ 38,873 $ 38,161 $ 30,328 $ — $ 154,245 Metal Sales Gold ounces 28,655 9,186 24,800 34,272 — 96,913 Silver ounces 1,860,976 1,098,407 — 45,118 — 3,004,501 Zinc pounds — — Lead pounds — — Revenue Split Gold 50 % 41 % 100 % 100 % Silver 50 % 59 % — % Zinc — % Lead — % Adjusted costs applicable to sales Gold ($/oz) $ 818 $ 1,735 $ 1,539 $ 885 $ 1,113 Silver ($/oz) $ 12.60 $ 20.88 $ — $ 15.67 Zinc ($/lb) $ — $ — Lead ($/lb) $ — $ — Expand Reconciliation of Costs Applicable to Sales for Three Months Ended June 30, 2024 In thousands (except metal sales, per ounce or per pound amounts) Palmarejo Rochester Kensington Wharf Silvertip Total Costs applicable to sales, including amortization (U.S. GAAP) $ 59,070 $ 45,225 $ 47,166 $ 20,181 $ 790 $ 172,432 Amortization (10,843 ) (8,570 ) (6,445 ) (1,067 ) (790 ) (27,715 ) Costs applicable to sales $ 48,227 $ 36,655 $ 40,721 $ 19,114 $ — $ 144,717 Inventory Adjustments (252 ) (617 ) 55 (149 ) — (963 ) By-product credit — — 50 (1,760 ) — (1,710 ) Adjusted costs applicable to sales $ 47,975 $ 36,038 $ 40,826 $ 17,205 $ — $ 142,044 Metal Sales Gold ounces 24,313 8,150 23,539 20,930 — 76,932 Silver ounces 1,542,395 985,269 65,063 — 2,592,727 Zinc pounds — — Lead pounds — — Revenue Split Gold 51 % 41 % 100 % 100 % Silver 49 % 59 % — % Zinc — % Lead — % Adjusted costs applicable to sales Gold ($/oz) $ 1,006 $ 1,813 $ 1,734 $ 822 $ 1,264 Silver ($/oz) $ 15.24 $ 21.58 $ — $ 17.71 Zinc ($/lb) $ — $ — Lead ($/lb) $ — $ — Expand Reconciliation of Costs Applicable to Sales for 2025 Guidance In thousands (except metal sales and per ounce amounts) Las Chispas Palmarejo Rochester Kensington Wharf Costs applicable to sales, including amortization (U.S. GAAP) $ 144,729 $ 245,767 $ 275,743 $ 222,569 $ 130,856 Amortization (45,992 ) (38,779 ) (75,033 ) (43,903 ) (7,105 ) Costs applicable to sales $ 98,737 $ 206,988 $ 200,710 $ 178,666 $ 123,751 By-product credit — — — — (2,824 ) Adjusted costs applicable to sales $ 98,737 $ 206,988 $ 200,710 $ 178,666 $ 120,927 Metal Sales Gold ounces 52,000 100,018 68,000 104,271 95,454 Silver ounces 5,240,757 6,006,911 7,752,237 94,138 Revenue Split Gold 48 % 50 % 44 % 100 % 100 % Silver 52 % 50 % 56 % Adjusted costs applicable to sales Gold ($/oz) $850 - $950 $950 - $1,150 $1,250 - $1,450 $1,700 - $1,900 $1,250 - $1,350 Silver ($/oz) $9.25 - $10.25 $17.00 - $18.00 $14.50 - $16.50 Expand
Business Wire
07-07-2025
- Business
- Business Wire
Coeur Announces Second Quarter 2025 Earnings Call
CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. ('Coeur' or the 'Company') (NYSE: CDE) today announced that it will report its second quarter 2025 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, August 6, 2025. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, August 7, 2025. Hosting the call will be Mitchell J. Krebs, Chairman, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Senior Vice President and Chief Financial Officer, Michael 'Mick' Routledge, Senior Vice President and Chief Operating Officer, Aoife McGrath, Senior Vice President, Exploration, and other members of management. A replay of the call will be available through August 14, 2025. Replay Numbers: U.S.: (877) 344-7529 Canada: (855) 669-9658 International: (412) 317-0088 Conference ID: 454 62 87 Expand About Coeur Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, 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.
Yahoo
03-07-2025
- Business
- Yahoo
Is Coeur Mining (CDE) Set for Transformational Growth? Analysts Say Yes!
Coeur Mining Inc. (NYSE:CDE) is one of the 20 undervalued momentum stocks that are taking off. In mid-June, the company's management presented its investment case at the RBC Capital Markets Global Mining & Materials Conference. The company offers a compelling investment opportunity as a multi-asset precious metals producer poised for a step-change in performance. Coeur's flagship silver asset and the largest primary silver operation in the U.S., the Rochester mine, is entering its first full year since completing a major expansion. Output is expected to rise meaningfully, while unit costs are projected to fall sharply, setting the stage for improved operating margins. A miner examining yellow gold ore in a mine shaft, symbolizing the company's exploration process. The recent acquisition of Las Chispas has also strengthened Coeur's positioning in the silver industry. As per the analyst, this mine delivers high-grade ore at low cash costs, thus reinforcing the company's margins and expanding its production base. The company's aggressive exploration strategy is also expected to be a key catalyst for growth. The company has earmarked $77–$93 million for exploration in 2025, targeting growth at core sites like Palmarejo, Kensington, and Silvertip. Over the past five years, that focus has paid off—Coeur has expanded its proven and probable reserves by 66%, adding long-term value to its portfolio. Financially, the company is in a strengthening position. With leverage declining to 0.9x net debt/EBITDA, improved cash flow, and a balanced capital plan, Coeur is increasingly well-positioned to deliver good shareholder returns. Adjusted EBITDA is forecasted to more than double in 2025, supported by rising gold and silver production from a well-diversified portfolio. Recent analyst opinions about the stock have been largely positive, with the stock currently holding a consensus Buy rating. On June 4, RBC Capital analyst Michael Siperco reaffirmed a Buy rating, raising his price target to $11 from $10. Before that, in early May, Cantor Fitzgerald analyst Mike Kozak upgraded the stock to Overweight from Neutral, with a steady $10 price target. While we acknowledge the potential of CDE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None.
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Walker Lane Resources Ltd. Receives Positive Results from Airborne Geophysical Surveys and Geological Mapping Completed by Coeur on the Silverknife Property, BC and also are Clarifying Details Related to their recent Nevada Transactions
VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) -- Walker Lane Resources Ltd. (TSX-V:WLR, FRA: 6YL) (the 'Company' or 'Walker Lane') is pleased to announce that is has received results from Coeur Silvertip Holdings Ltd. ('Coeur') on field geophysical and geological studies completed in late 2024 on the Silverknife Property, British Columbia. Coeur contracted Expert Geophysics Limited ('Expert') and Precision Geophysics ('Precision') to complete the airborne geophysical surveys, and 39627 Yukon Inc. to complete geological mapping of the Silverknife Property and an initial geochemical survey of the northern portion of the property. This work was completed by Coeur as a part of the option agreement for the Silverknife Property with Walker Lane. The four-year option agreement provides for $3.55 million in work expenditures and $500,000 in property payments by Coeur to earn a 75% interest in the Silverknife Property which is immediately adjacent to Coeur's Silvertip Mine claims. The primary results of these work efforts are: The geological map of the property is now significantly revised and better defines the location of prospective lithological units; The geophysical surveys served to: Define the presence of complex fault structures; Present additional conductivity data; Identify a potential new prospective zone in the northeastern section of the property; and Enhance the continued prospectivity of the Tootsee River North, Silverknife Central and Silverknife South zones of exploration prospectivity. Kevin Brewer, President and CEO of Walker Lane noted, 'We are very pleased with that the geological mapping and airborne geophysics has clearly served to better define and confirm the zones of exploration prospectivity. This work identified key structural features such as faults which are known in the region to be controls and loci of mineralization. Other features such the presence of fugitive calcite in outcrops typically demonstrates that you are in close proximity toa potential carbonate replacement deposit ('CRD'). The four prospective areas on the Silverknife property are both significant and of substantial areal extent and present valid drill targets for future exploration efforts. The property has been subjected to limited drilling confined primarily to the Silverknife Prospect that in itself remains open for further expansion along strike and at depth. Given the propensity of potential mineralization in such close proximity to the Silvertip deposit, one of the world's largest and highest grade CRD deposits, finding this much prospectivity is a very exciting development. There clearly is a great amount of work to be completed at Silverknife. We look forward to Coeur's continued commitment to explore Silverknife, which may include some drilling.' Precision Geophysics - Airborne High Resolution Gradient Magnetic and Radiometric Survey Results When magnetic and radiometric data are integrated into a single-pass airborne geophysical survey, they provide complimentary information that serve as a robust geophysical framework. The magnetic and radiometric data collected by Precision was useful in mapping lithology, structure and alteration features present on the Silverknife Property. The Total Magnetic Intensity ('TMI') data (see Figure 1) indicated the potential existence of three main lineaments within the Silverknife Property. In the instance of Silverknife, the lineaments express underlying geological structures such as faults. Faults are important as they present corridors for the migration of mineralizing fluids. Two lineaments, northeasterly and northwesterly trending are prominent throughout the property area. The third lineament is a more northerly feature that occurs in the area of the Silverknife Property. The most prominent structural feature identified from the TMI data, was a northeasterly trending structure known as the SVT NE Fault, which is a major regional fault that transects the central portion of the Silverknife Property. In this area, the SVT NE Fault and the secondary lineaments appear to be in a cross-cutting relationship which are often prime target areas for mineralization, and are considered highly prospective as the coincide with historical soil geochemical anomalies in the Silverknife Central Zone. Geological mapping has also indicated the presence of Atan and Kechika Group limestones in this area which are favorable rock units to host carbonate replacement deposits. The Silvertip mine is characterized as a carbonate replacement deposit. In addition, the potential of additional structures throughout the Silverknife Central Zone to the western boundary of the Silverknife claims presents numerous targets for drilling and expansion of mineralization identified in the Silverknife Property, and this area is yet to be drilled. Figure 1: Total Magnetic Intensity survey with geological and structural interpretation by Symonds (2024). Note the potential cross cutting fault structures in the central portion of the property (after Precision, 2024). The Precision TMI data also indicated a near-north trending fault that cuts the McDame Limestones and Tapioca Group in the Silverknife South Zone. The TMI data was complimented by Residual Magnetic Intensity ('RMI') and Reduced to Magnetic Pole ('RTP') that also showed the same structural lineaments. In-line gradient ('ILG') and horizontal gradient showed the same structure features as the TMI data (see Figures 2a and 2b). Figure 2a: In Line gradient survey (ILG) with lineament interpretation in the Silverknife region (After Precision, 2024). Figure 2b: Horizontal Gradient (HG) with lineament interpretation in the Silverknife region (After Precision, 2024). However, they also showed the potential for more complex faulting along the southern and northern contacts of the Cassiar batholith that could represent block faulting in the metasediments. In addition, this data showed the presence of a north-oriented structure in the northeastern most portion of the Silverknife Property, that presented a new area of exploration prospectivity previously undetected. Calculated Vertical Gradient ('CVG') data (see Figure 3) presented a distinct continuum of structures extending from south of the Silverknife Property into the Silverknife South Zone. Figure 3: Calculated Vertical Gradient (CVG) with lineament interpretation of the Silverknife region (after Precision, 2024). The radiometric data serves to delineate the extent and potential contacts of different lithological rock units. Areas of high potassium were noted to occur in the Tootsee River North and the Northeastern zones. The significance of this data is not yet determined. Expert Geophysics Helicopter-Borne Electromagnetic and Magnetic Survey Results Electromagnetic and magnetic surveys were carried out to: Provide data to aid in mapping bedrock structures and lithologies, including possible alteration and mineralization zones; Provide observations of apparent conductivity corresponding to different frequencies; Inverting EM data to obtain the distribution of resistivity with depth; and Collecting VLF-EM and magnetic data to study properties of the bedrock units. The electromagnetic survey verified information from the data in Precision's surveys but also identified new information (see Figures 4a and 4b). A conductivity low south-southeast of the Silverknife Property suggests the presence of a near surface intrusive in that area. This is important because an intrusive provides a potential heat source and driver for mineralizing fluids into the overlying sediments which comprise of limestones and sandstone which are good hosts for CRD mineralization. The survey also indicated a conductivity high in the northeastern zone further strengthening exploration interest in that area. Figure 4a: Electromagnetic apparent conductivity at 49 Hz in the Silverknife region. Note the anomaly in the northeastern part of the property (After EGL, 2024). Figure 4b: Electromagnetic apparent conductivity at 1067 Hz in the Silverknife region (After EGL, 2024). Several axes of high conductivity/low resistivity were found to transect the Silverknife Property and are coincident with interpreted fault structures (see Figure 5). This relationship is important as mineralization within the Rancheria Silver District is often associated with faults and may also be correlated with the axes of a conductivity anomaly. Three conductive axes occur in the (i) Tootsee River North Zone; (ii) the Silverknife Central Zone; and (iii) coincident with the regional SVT NE Fault structure that transects the central portion of the property. This last axis extends from outside of the Silverknife claim block and thence east-northeasterly across the entire claim block. This therefore represents the potential for a major fault structure with the geophysical signatures of silver rich CRD being that of high conductivity and low resistivity. Additional resistivity data enabled the development of a three-dimensional lithographic model suggesting the orientation and extent of the rock units within the Silverknife Property. This information is expected to significantly aid the planning of future drill programs. VLF-EM data served to further verify other datasets as to the possible extent and location of fault structures within the Silverknife Property. Figure 5: Axes of conductive and resistivity anomalies in the frequency range of 165-267 Hz plotted on a Total Magnetic Intensity color grid (After EGL, 2024). Geological Mapping An updated geological map (see Figure 6) has been constructed from field mapping, drill data, and geophysical surveys. The extent of prospective units to host CRD mineralization has been found to be considerable. More specifically, the highly prospective McDame limestone occurs in both the Tootsee River North Zone and the Silverknife South Zone. Other prospective units in the central part of the property including the Atan and Kechika Group limestones occur within the central portion of the property which is now assumed to be of significant prospectivity from previous known CRD mineralization, and positive geochemical and geophysical signatures. Summary This recent geophysical work in combination with property mapping and previous geophysical data has contributed significantly to the understanding of the geology of the Silverknife Property. It has also contributed significantly to better defining targets for CRD mineralization and assisting to pinpoint targets for extensive drill campaigns. Figure 6: Geology Map of the Silverknife Property (After Symonds, 2024) Clarification of Nevada Transactions The Company wishes to clarify that in its June 9, 2025 Press release all payments to be made to the optionors are to be made in US Dollars, the floor price for the shares that may be used to make property payments is also in US dollars at $0.21 USD, and the maximum number of common shares that could be issued by property are as follows: Tule Canyon: 952,381 Cambridge: 500,000 Silver Mountain: 500,000 for a total number of common shares that could be issued to be 1,952,381 for the life of the agreements. Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data. About Walker Lane Resources Ltd. Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate exploration programs to advance the drill-ready Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver, B.C.) projects to resource definition stage through proposed drilling campaigns that the Company desires to undertake in the near future. On behalf of the Board: 'Kevin Brewer' Kevin Brewer, President, CEO and Director Walker Lane Resources Ltd. For Further Information and Investor Inquiries: Kevin Brewer, P. Geo., MBA, (Hons), Dip. Mine Eng. President, CEO and Director Tel: (709) 327 8013 kbrewer80@ Suite 1600-409 Granville St., Vancouver, BC, V6C 1T2 Cautionary and Forward-Looking Statements This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words 'anticipate', 'plans', 'continue', 'estimate', 'expect', 'may', 'will', 'project', 'predict', 'potential', 'should', 'believe' 'targeted', 'can', 'anticipates', 'intends', 'likely', 'should', 'could' or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remains subject to the condition of the option of the Silverknife Property with Coeur Silvertip Holdings Ltd. These forward-looking statements reflect the Company's current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company's properties is reliable; the Company's operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company's properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company's current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate. Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company's public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company's control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company. The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes 'future-oriented financial information' or 'financial outlooks' within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company's actual financial position and results of operations may differ materially from management's current expectations and, as a result, the Company's revenue and expenses. The Company's financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company's accountants or auditors. The Company's financial projections represent management's estimates as of the dates indicated thereon. Photos accompanying this announcement are available at:
