Coeur Mining (Nyse: CDE) WKN: A0RNL2 (Seite 579)

[Depotmanager04]

Coeur Mining's (CDE) CEO Mitch Krebs on Q3 2016 Results - Earnings Call Transcript
Oct.27.16 | About: Coeur Mining, (CDE)

Coeur Mining, Inc. (NYSE:CDE)

Q3 2016 Results Earnings Conference Call

October 27, 2016 11:00 AM ET

Executives

Courtney Lynn - VP, IR and Treasury

Mitch Krebs - President and CEO

Hans Rasmussen - Head, Exploration

Peter Mitchell - SVP and CFO

Frank Hanagarne - SVP and COO

Analysts

Brett Levy - Loop Capital

Jessica Fung - BMO Capital Markets

Chris Thompson - Raymond James

Cosmos Chiu - CIBC

Joseph Reagor - Roth Capital Partners

Operator

Good morning, everyone, and welcome to the Coeur Mining Third Quarter 2016 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over Courtney Lynn, Vice President, and Investor Relations and Treasury. Please go ahead.

Courtney Lynn

Thank you, and good morning. Welcome to Coeur Mining’s third quarter earnings conference call. Our results were released after yesterday’s market close, and a copy of the press release and slides for today’s call are available on our website.

Before we get started, I’d like to remind everyone that our press release and some of our comments on the call include forward-looking statements from which actual results may differ. Please review the cautionary statements included in our press release and presentation as well as the risk factors described in our latest 10-K and 10-Q.

I’ll now turn it over to Mitch Krebs, President and Chief Executive Officer.

Mitch Krebs

Thanks, Courtney, and good morning, everybody from World Series crazy Chicago. Thank you for joining our third quarter earnings call.

With the support of higher silver and gold prices and a great quarter from our Wharf mine, our third quarter net income increased almost four times quarter-over-quarter to $70 million. Our adjusted net income was in doubled to $39 million and our free cash flow grew by 20% to nearly $15 million. As we expected, our third quarter overall production levels were lower than the first two quarters of the year due to three main factors, one that was anticipated, and two that were unanticipated.

First, Palmarejo production was impacted by scheduled enhancements to both Merrill-Crowe circuits. That work begin on July 1st and was completed on September 30th. It required the mine to reduce flow rate to these plants while the improvements were made. The plants were fully commissioned in the first week of October and we expect to see 1% to 2% improvements in future silver and gold recovery rates from this $2.5 million project.

At Kensington, we lost about 11 days at the end of September due to a plugged pipeline that takes tailings from the mill down to the tailings facility. This line was repaired and operations returned to normal on October 3rd.

And finally in Bolivia, civil unrest in the country between the federal government and the cooperative groups led to road blockades that prevented some high-grade third-party ore purchases from getting to San Bartolomé during the quarter.

Despite those onetime events, our operations are on track to achieve our full year production guidance, which we revised slightly upward earlier this month when we announced our third quarter production results. In yesterday’s release, we lowered our full year cost guidance at Palmarejo, Wharf and Kensington, and our Companywide cost guidance.

Although overall quarterly production was down, the Wharf operation continues to be an outperformer. As you may recall, we acquired Wharf in February of last year for $99 million. During the third quarter, Wharf provided over $20 million of free cash flow, its strongest quarter since we’ve owned it, which brings its year-to-date total free cash flow to nearly $44 million. Since the acquisition, we’ve harvested over $72 million of free cash flow now from Wharf.

Quelle: http://seekingalpha.com/article/4016028-coeur-minings-cde-ce…

[Depotmanager04]

Antwort auf Beitrag Nr.: 53.561.346 von sumoey am 26.10.16 22:56:03

nicht schlecht.....

http://www.reuters.com/article/idUSL8N1CW8M7

http://investors.coeur.com/calendar.aspx?iid=4349317

[sumoey]

Antwort auf Beitrag Nr.: 53.558.478 von Depotmanager04 am 26.10.16 16:37:32

gute Zahlen sind da

42 Cent per Share

[Depotmanager04]

Antwort auf Beitrag Nr.: 53.548.611 von Depotmanager04 am 25.10.16 13:56:24

Ich lese gerade auf der hompage, daß morgen die Zahlen kommen....

[IceBraker76]

und....

Eine Reihe von Hedgefonds und anderen institutionellen Investoren haben kürzlich ihre Positionen im CDE geändert. AGF Investments Inc. hat im dritten Quartal eine neue Position in Aktien von Coeur Mining im Wert von rund USD 2.209.000 erworben. Die Bank of Montreal konnte im dritten Quartal ihre Beteiligung an Coeur Mining um 1,1% steigern. Bank of Montreal kann jetzt 110.718 Aktien der Aktien der Gesellschaft im Wert von $ 1.310.000 nach dem Kauf von zusätzlichen 1.175 Aktien im letzten Quartal besitzen. Fox Run Management LLC kaufte eine neue Position in Aktien von Coeur Mining während des dritten Quartals im Wert von etwa $ 135.000. Advisory Services Network LLC kaufte eine neue Position in Aktien von Coeur Mining während des dritten Quartals im Wert von etwa $ 736.000. Schließlich kaufte Nomura Holdings Inc. eine neue Position in Anteilen von Coeur Mining während des zweiten Viertels im Wert von ungefähr $ 143.000. 69,43% der Aktien befinden sich im Besitz von Hedgefonds und anderen institutionellen Anlegern.

[IceBraker76]

Coeur Mining, Fortuna Silver rated Buy at Canaccord amid bullish silver outlook
Oct. 25

siehe:

http://seekingalpha.com/news/3216582-coeur-mining-fortuna-si…

[punta]

Antwort auf Beitrag Nr.: 53.548.611 von Depotmanager04 am 25.10.16 13:56:24

Zitat von Depotmanager04: Vielleicht kommt morgen die Kurs-Unterstützung

Coeur Mining Inc. (CDE) Scheduled to Post Earnings on Wednesday
October 24th, 2016 - By Renee Jackson

https://www.thecerbatgem.com/2016/10/24/coeur-mining-inc-cde…

____________________________________________

Hallo Depot,

heute scheint ein Anfang wieder gemacht worden sein ?

Und der GOLD - und SILBER - PREIS ziehen auch wieder ein klein wenig an !

[Depotmanager04]

Antwort auf Beitrag Nr.: 53.547.684 von IceBraker76 am 25.10.16 12:13:40

Vielleicht kommt morgen die Kurs-Unterstützung

Coeur Mining Inc. (CDE) Scheduled to Post Earnings on Wednesday
October 24th, 2016 - By Renee Jackson

https://www.thecerbatgem.com/2016/10/24/coeur-mining-inc-cde…

[IceBraker76]

Antwort auf Beitrag Nr.: 53.544.507 von pw1961 am 24.10.16 22:31:14

soll heißen PW ??? Luft ist bis 13,80 wieder da lt Chart ???

Naja heute gibt es eine freundliche Unterstützung, ohne die geht es nicht in weitere Höhen...

Silber

17,76 USD
+0,29 USD
+1,63%

12:07:00 Uhr

[pw1961]

Antwort auf Beitrag Nr.: 53.529.003 von DirtyMayo am 21.10.16 21:32:16

http://www.tradesignalonline.com/ext/edt.ashx/wo/004079a8-cb…


http://www.tradesignalonline.com/ext/edt.ashx/wo/004079a7-cb…