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CHICAGO, IL – Coeur Mining, Inc. (NYSE:CDE), a company specializing in gold and silver ores, disclosed a technical report summary for their Las Chispas Mine on Tuesday. The document, which is part of a recent 8-K filing with the U.S. Securities and Exchange Commission, provides a detailed look at the mine’s prospects. The company, with a market capitalization of $2.5 billion, has seen its stock surge 144% over the past year, according to InvestingPro data.
The report, effective as of December 31, 2024, was filed as Exhibit 96.1 and is incorporated by reference into the Current Report on Form 8-K. The filing also includes consents from qualified persons associated with the report’s preparation, including representatives from Ausenco Engineering Canada ULC, P&E Mining Consultants, Inc., and individual qualified persons Christopher Pascoe and Joseph Wallick.
Coeur Mining, headquartered in Chicago, Illinois, operates under the jurisdiction of Delaware and is listed on the New York Stock Exchange. The company, formerly known as Coeur d’Alene Mines Corp, has a history dating back to its name change on July 3, 1992.
The technical report represents an important disclosure for Coeur Mining, providing investors and stakeholders with crucial information about the Las Chispas Mine’s potential. The company has not released further details about the contents of the report or any operational changes that may result from its findings.
Investors can access the technical report summary filed with the SEC to gain insight into the Las Chispas Mine’s value and prospects. This information is based on a press release statement.
Coeur Mining’s share price and market performance will continue to be watched closely by investors, especially in light of this new information from the technical report. With revenue growth of 31% in the last twelve months and analysts setting a consensus target suggesting further upside potential, the stock appears to be trading below its Fair Value based on InvestingPro’s comprehensive analysis. The company’s contact information and business address remain unchanged at 200 South Wacker Drive, Suite 2100, Chicago, Illinois 60606, with a business phone number of 312-489-5800. For detailed insights and additional ProTips about Coeur Mining, investors can access the full Pro Research Report, available exclusively on InvestingPro.
This news article is based on the latest SEC filings and is intended to provide investors with factual information about Coeur Mining, Inc.’s recent disclosure.
In other recent news, Coeur Mining has reported several significant developments. The company has secured Mexican antitrust approval for its acquisition of SilverCrest Metals (NYSE:SILV), a critical step towards finalizing the transaction initially announced in October 2024. Additionally, Coeur Mining has amended its Plan of Arrangement with SilverCrest, allowing certain actions to be taken on non-business days, and has expanded its board from eight to ten members with the planned addition of N. Eric Fier and Pierre Beaudoin. These changes are contingent on the completion of the SilverCrest acquisition, expected around mid-February 2025.
BMO Capital Markets has resumed coverage on Coeur Mining with an Outperform rating, setting a price target of $9.00, citing the strategic benefits of the SilverCrest acquisition, which is projected to significantly boost Coeur’s production capabilities. The Las Chispas mine, part of the acquisition, is expected to contribute approximately 10 million ounces of silver-equivalent production annually. Coeur Mining also received overwhelming stockholder approval to increase its authorized shares, facilitating the issuance of shares to SilverCrest shareholders. Legal challenges have arisen, with complaints filed in New York alleging omissions in the proxy statement for the stockholder meeting; however, Coeur has addressed these by providing supplemental disclosures. These recent developments underscore Coeur Mining’s strategic moves to enhance its production and financial standing.
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