Record Free Cash Flow and Debt Reduction
The company generated $85 million of free cash flow and reduced debt by $80 million in the second half of 2024.
Doubling of Adjusted EBITDA
Full-year 2024 adjusted EBITDA more than doubled to $339 million compared to the prior year.
Significant Increase in Gold and Silver Production
Coeur Mining expects production levels to reach over 400,000 ounces of gold and over 18 million ounces of silver in 2025, 20% and 62% higher than last year, respectively.
Rochester Expansion and Las Chispas Acquisition
Successful ramp-up of Rochester expansion and the acquisition of Silvercrest, contributing to a 12% boost in reserve grade.
Exploration Success and Resource Increases
Investments in exploration led to a 26% increase in gold reserves, a 30% increase in silver reserves, and significant resource increases at Palmarejo and Wharf.
Strong Financial Performance
Revenue exceeded $1 billion, with capital expenditures cut in half, allowing increased exploration expenditures.
Strengthened Balance Sheet
Net debt to EBITDA ratio improved to 1.6 times from 3.4 times a year ago, with plans to further reduce debt using cash and bullion from the Las Chispas acquisition.