Coeur Mining, Inc. (CDE): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Coeur Mining, Inc. (CDE), a key player in precious metals? Founded in 1928, this U.S.-based company has grown into a significant North American precious metals producer. But how exactly does Coeur Mining operate and generate revenue, and what's their mission in the mining industry? Keep reading to discover more about Coeur Mining's journey, its operational structure, and its financial performance.

Coeur Mining, Inc. (CDE) History

Coeur Mining's Founding Timeline

Year established

The company was established in 1928.

Original location

The company was founded in the Coeur d'Alene district of northern Idaho.

Founding team members

The founding team members are not explicitly named in the provided search results.

Initial capital/funding

Details regarding the initial capital or funding are not available in the search results.

Coeur Mining's Evolution Milestones

Coeur Mining's Transformative Moments

• Diversification into Gold: Expanding beyond silver into gold mining was a pivotal decision, reducing the company's dependence on silver prices and opening new revenue streams.
• Strategic Acquisitions: Acquisitions like International Tower Hill Mines and Paramount Gold and Silver Corp. significantly boosted the company's asset base and growth potential.
• Operational Improvements: Achieving record production levels, such as at the Palmarejo Complex in 2022, demonstrated the effectiveness of operational strategies and investments in efficiency.

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Coeur Mining, Inc. (CDE) Ownership Structure

Coeur Mining, Inc. operates as a publicly traded company, meaning its ownership is distributed among shareholders, including institutional investors, individual investors, and company insiders.

Coeur Mining, Inc.'s Current Status

As a publicly held entity, Coeur Mining, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol CDE. This allows the public to buy and sell shares, influencing the company's valuation and providing capital for its operations and growth. Being public also mandates certain levels of transparency and regulatory compliance, ensuring that financial information is regularly disclosed to shareholders and the Securities and Exchange Commission (SEC).

Coeur Mining, Inc.'s Ownership Breakdown

The ownership of Coeur Mining, Inc. is distributed among various shareholders. Here's an overview:

Coeur Mining, Inc.'s Leadership

The leadership team guides Coeur Mining, Inc.'s strategic direction and operational execution. Key figures include:

• Thomas S. Whelan: Chairman of the Board
• Mitchell J. Krebs: President, Chief Executive Officer & Director
• Thomas A. Rasmussen: Senior Vice President & Chief Operating Officer
• Peter S. Mitchell: Senior Vice President & Chief Financial Officer

Understanding a company's mission and vision is crucial; learn more at: Mission Statement, Vision, & Core Values of Coeur Mining, Inc. (CDE).

Coeur Mining, Inc. (CDE) Mission and Values

Coeur Mining, Inc. aims to create value through socially responsible and safe mining practices, focusing on precious metals. Their core values emphasize safety, sustainability, and integrity in all operations.

Coeur Mining's Core Purpose

Official mission statement

Coeur Mining's mission statement is: 'Creating value through excellence in socially responsible and safe mining.'

• This statement underscores the company's commitment to not only generating financial returns but also adhering to high standards of social responsibility and safety in its mining operations.
• The emphasis on 'excellence' suggests a continuous pursuit of improvement and best practices across all aspects of the business.

Vision statement

While Coeur Mining does not have a single, explicitly stated vision statement, insights into their vision can be gathered from the company's strategic objectives and long-term goals. These suggest a focus on:

• Expanding production: Growing the business through strategic acquisitions and development of existing assets.
• Maintaining financial strength: Ensuring long-term stability and the ability to invest in future growth.
• Operational excellence: Continuously improving efficiency, safety, and environmental performance.

Company slogan/tagline

Coeur Mining does not currently have a widely publicized official slogan or tagline. However, the company's focus on responsible mining and creating value is a recurring theme in its communications.

Further insights into Coeur Mining, Inc. can be found at: Exploring Coeur Mining, Inc. (CDE) Investor Profile: Who’s Buying and Why?

Coeur Mining, Inc. (CDE) How It Works

Coeur Mining, Inc. is a precious metals producer, primarily focused on operating, developing, and exploring silver and gold properties in the United States, Canada, and Mexico.

Coeur Mining's Product/Service Portfolio

Coeur Mining primarily generates revenue through the extraction and sale of precious metals. Their main products include:

Coeur Mining's Operational Framework

Coeur Mining’s operations encompass the entire lifecycle of precious metals mining, from exploration to extraction and processing. Key aspects of their operational framework include:

• Exploration: Identifying and assessing potential mining sites through geological studies, drilling, and sampling.
• Mining: Extracting ore from the earth using both open-pit and underground mining methods, depending on the deposit's characteristics.
• Processing: Crushing, grinding, and chemically treating the ore to separate and concentrate the precious metals. This often involves techniques like leaching and flotation.
• Refining: Further purifying the concentrated metals to meet market standards for sale.
• Sales and Distribution: Selling the refined silver and gold to various customers, including industrial users, investors, and financial institutions.

Coeur Mining employs various strategies to optimize its operational efficiency, manage costs, and ensure environmental responsibility. These include investing in advanced mining technologies, implementing rigorous safety protocols, and adhering to sustainable mining practices.

Coeur Mining's Strategic Advantages

Coeur Mining's competitive advantages stem from a combination of factors that enable it to effectively compete in the precious metals market:

• Diversified Asset Portfolio: Owning and operating multiple mines across different geographic locations (United States, Canada, and Mexico) reduces the company's reliance on any single asset and mitigates risk.
• Experience and Expertise: Coeur Mining has a long history in the mining industry, with a team of experienced professionals in geology, engineering, and metallurgy. This expertise allows the company to efficiently explore, develop, and operate its mines.
• Focus on Innovation: Coeur Mining actively invests in research and development to improve its mining and processing techniques, reduce costs, and enhance environmental performance.
• Strong Financial Position: Maintaining a healthy balance sheet and access to capital allows Coeur Mining to invest in growth opportunities, weather periods of low metal prices, and return value to shareholders. For example, Coeur Mining's revenue in 2024 was $864.9 million.

For more insights into Coeur Mining, Inc., check out: Exploring Coeur Mining, Inc. (CDE) Investor Profile: Who’s Buying and Why?

Coeur Mining, Inc. (CDE) How It Makes Money

Coeur Mining, Inc. primarily generates revenue through the production and sale of precious metals, notably silver and gold, from its mining operations.

Coeur Mining, Inc.'s Revenue Breakdown

Coeur Mining, Inc.'s revenue streams are largely determined by the production and sale of silver and gold. Here's a breakdown based on the most recent financial data:

Coeur Mining, Inc.'s Business Economics

The business economics of Coeur Mining are influenced by several factors:

• Metal Prices: The prices of silver and gold significantly impact revenue and profitability. Higher prices lead to increased revenue, while lower prices can squeeze margins.
• Production Costs: Efficient mining operations and cost control are crucial. Factors such as energy costs, labor, and equipment maintenance play a significant role.
• Reserves and Resources: The quantity and quality of proven and probable reserves affect the company's long-term viability. Exploration and development activities are essential to replenish reserves.
• Operational Efficiency: Optimizing mining processes, reducing waste, and improving recovery rates can enhance profitability.
• Hedging Strategies: The company may use hedging to mitigate price risk, providing some revenue certainty.

Coeur Mining, Inc.'s Financial Performance

Key aspects of Coeur Mining, Inc.'s financial performance include:

• Revenue: Total revenue fluctuates with metal prices and production volumes.
• Cost of Sales: Includes mining costs, processing costs, and depreciation. Monitoring this helps understand operational efficiency.
• Gross Profit: The difference between revenue and cost of sales, indicating the profitability of mining operations.
• Net Income/Loss: The bottom line, reflecting overall profitability after all expenses, including interest and taxes.
• Cash Flow: Operating cash flow is vital for funding capital expenditures, exploration, and debt repayment.
• Debt Levels: Monitoring debt is important. High debt can increase financial risk.

For more insights into the investors and stakeholders, check out: Exploring Coeur Mining, Inc. (CDE) Investor Profile: Who’s Buying and Why?

Coeur Mining, Inc. (CDE) Market Position & Future Outlook

Coeur Mining is strategically positioned as a leading precious metals producer, focusing on high-quality assets in North America. The company's future outlook is shaped by its ongoing investments in existing operations and exploration activities, aiming to increase production and reduce costs.

Competitive Landscape

The precious metals mining industry is competitive, with market share distributed among several key players. Here's a simplified overview:

Opportunities & Challenges

Coeur Mining, like other companies, faces both opportunities and risks that could significantly impact its operations and financial performance.

Industry Position

Coeur Mining maintains a significant position within the silver and gold mining sector, characterized by:

• Focus on North American Assets: The company primarily operates in North America, reducing geopolitical risk compared to companies with more globally diverse operations.
• Silver Focus: Coeur Mining is one of the largest silver producers in the U.S., which distinguishes it from many competitors primarily focused on gold.
• Rochester Expansion: The ongoing expansion project at the Rochester mine is expected to significantly increase the company's silver and gold production.

To gain more insights into the company's financial performance, consider exploring: Breaking Down Coeur Mining, Inc. (CDE) Financial Health: Key Insights for Investors