Q4 2024 Coeur Mining Inc Earnings Call Transcript

Feb 20, 2025 / 04:00PM GMT

Transcript 10-K8-K

Key Points

Positve

Coeur Mining Inc (CDE) reported a significant increase in free cash flow, generating $85 million in the second half of 2024.
The company successfully reduced its debt by $80 million, improving its financial position.
Coeur Mining Inc (CDE) achieved a more than doubling of its adjusted EBITDA to $339 million for the full year 2024.
The Rochester expansion ramp-up was successful, contributing to increased production and free cash flow.
The acquisition of SilverCrest is expected to enhance Coeur Mining Inc (CDE)'s production capabilities and financial performance in 2025.

Negative

The first quarter of 2025 is expected to be 'messy' due to several one-time outflows, including significant tax payments in Mexico.
Kensington's cost per ounce is projected to increase, impacting overall profitability.
Rochester experienced slightly lower-than-planned silver production due to larger crush sizes.
The company anticipates a back-half weighted production year at Rochester due to leach kinetics and weather conditions.
There are ongoing challenges in achieving the targeted crush size at Rochester, impacting recovery rates.

Operator

Good day and welcome to the Coeur Mining fourth-quarter 2024 financial results conference call. (Operator Instructions) Please note this event is being recorded.

I would now like to turn the conference over to Mitchell Krebs, Chairman, President, and CEO. Please go ahead.

Mitchell Krebs

Coeur Mining Inc - President, Chief Executive Officer, Director

Good morning, everyone, and thanks for joining our call today to discuss our fourth-quarter and full-year results. Before we start, we want to quickly point out our cautionary language regarding forward-looking statements in today's slide deck and refer you to our SEC filings on our website. I'll start with some quick highlights before turning the call over to Mick, Aoife, and Tom for some more color on our results and on our 2025 outlook.

By any measure, 2024 was one of the most consequential years in Coeur's nearly 100 year history. The company is in the midst of an inflection point following a period of heavy investment to reposition us as a larger scale, growing, lower-cost silver and gold

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