Coeur Mining Reports Third Quarter 2021 Results

Chicago, Illinois – October 27, 2021 – Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported third quarter 2021 financial results, including revenue of $208.0 million and cash flow from operating activities of $21.8 million. The Company reported GAAP net loss from continuing operations of $54.8 million, or $0.21 per share, which included a $26.0 million non-cash write-down of Mexican value-added tax (“VAT”) refunds and non-cash unrealized losses of $35.7 million on strategic equity investments, primarily related to Coeur’s 18% equity ownership of Victoria Gold Corp. (“Victoria”) during the quarter. On an adjusted basis1 , Coeur reported EBITDA of $48.8 million, cash flow from operating activities before changes in working capital of $34.8 million and net loss from continuing operations of $2.6 million, or $0.01 per share.

Leave a Reply