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Coeur Mining, Inc. (NYSE:CDE), a precious metals producer with a market capitalization of $4.73 billion, announced on Wednesday that during its Annual Stockholders’ Meeting held on Tuesday, the company’s stockholders approved an amendment to the Coeur Mining, Inc. 2018 Long-Term Incentive Plan (2018 LTIP). The company, which has seen impressive returns of 29% year-to-date according to InvestingPro data, continues to demonstrate strong market performance. The amendment extends the term of the 2018 LTIP to the seventh anniversary of the Annual Meeting and increases the number of shares available for issuance under the plan to 23,072,230 shares for awards granted on or after January 1, 2025. The terms of the 2018 LTIP remain unchanged in all other respects.
The amendment, which was adopted on March 25, 2025, went into effect upon receiving stockholder approval at the meeting. In addition to the LTIP amendment, shareholders also voted on the election of directors and other proposals. All nine board director nominees were elected for a one-year term expiring at the 2026 Annual Stockholders’ Meeting, with approval percentages ranging from 78.58% to 99.55%.
Furthermore, the appointment of Grant Thornton LLP as Coeur’s independent registered public accounting firm for the fiscal year 2025 was ratified by the stockholders. The advisory resolution on named executive officer compensation was also approved.
The press release detailing these developments clarifies that the information is based on a SEC filing. This filing provides transparency and allows investors to understand the governance and future planning of the company. The full terms of the amended 2018 LTIP are available as Exhibit 99.1, incorporated by reference into the 8-K filing.
In other recent news, Coeur Mining Inc. reported impressive first-quarter results for 2025, exceeding analyst expectations in both earnings per share and revenue. The company achieved an EPS of $0.11, surpassing the anticipated loss of $0.01, and generated revenue of $360 million, which was significantly higher than the expected $309.6 million. Coeur Mining’s performance was bolstered by increased gold and silver production, particularly from the Rochester mine and the newly acquired Las Chispas mine. S&P Global Ratings recently upgraded Coeur Mining’s credit rating to ’B+’ from ’B-’, citing the company’s strong credit metrics and substantial EBITDA growth. The acquisition of SilverCrest Metals Inc (TSX:SIL). has further strengthened Coeur Mining’s position, adding the Las Chispas mine to its portfolio and enhancing its production capabilities. Analysts from firms like TD Securities and RBC Capital Markets have shown interest in Coeur Mining’s strategic plans, especially regarding the Rochester site’s operational improvements. Coeur Mining’s management has expressed a commitment to debt reduction, aiming to leverage free cash flows for this purpose. The company projects a full-year adjusted EBITDA exceeding $700 million, with expectations of continued growth and financial stability.
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