The following is a summary of the Coeur Mining, Inc. (CDE) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Coeur Mining reported significant quarter-over-quarter and year-over-year increases in revenue, adjusted EBITDA, net income, and free cash flow, reaching multiyear highs.

• The company significantly reduced its net debt-to-EBITDA ratio to below 2x and repaid $50 million of its revolving credit facility during the quarter.

• Strong quarterly free cash flow of $69 million and adjusted EBITDA of $126 million were reported, attributed to higher metal prices and reduced operating costs.

Business Progress:

• Coeur Mining continues the expansion and optimization of the Rochester mine, which remains on track to meet its full-year guidance.

• The acquisition of SilverCrest Metals is expected to create a global leader in the silver industry, enhancing Coeur's production capabilities and financial strength.

• Significant exploration successes at Kensington and Wharf mines are expected to extend mine life and enhance future operational flexibility and profitability.

Opportunities:

• The acquisition of SilverCrest Metals is poised to significantly enhance Coeur's silver production and financial metrics, positioning the company to capitalize on strong market fundamentals for silver.

• Continued optimization and expansion at Rochester and other operations are expected to sustain and enhance production and financial performance.

Risks:

• The integration processes post-acquisition of SilverCrest Metals must be managed carefully to ensure smooth operations and realization of projected benefits.

• The dependency on metal prices which if fluctuate can impact the projected revenues and costs recovery.

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