Past year: ▼ 4%(14.91 – 27.15 USD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Sept 2022material agreement▲ GoodMajor
Coeur agreed to sell its Sterling/Crown exploration property near Beatty, Nevada to AngloGold Ashanti for $150 million cash at closing. A further $50 million is payable if gold resources there reach at least 3.5 million ounces.
3 May 2022debt financing▲ Good
Coeur expanded its Bank of America credit facility again, from $300 million to $390 million - its sixth amendment to that facility.
17 Feb 2022capital raising announcement● Neutral
Coeur re-filed its existing $100 million at-the-market stock program (originally set up in April 2020 with BofA/RBC) under a new shelf registration statement - an administrative refresh, not a new or resized facility.
10 May 2021capital raising announcement▲ GoodMajor
Coeur agreed to acquire a 17.8% stake in Victoria Gold Corp (11.07 million shares) from Orion Co-VI in exchange for about $117.2 million of its own stock; the seller also agreed to support any future Coeur bid for majority control of Victoria - a real toehold stake with acquisition-adjacent terms, not just a passive investment.
1 Mar 2021debt financing▲ GoodMajor
Coeur completed a $375 million offering of 5.125% senior notes due 2029, using the proceeds to buy back $102.8 million of its 5.875% notes due 2024 in a tender offer and redeem the remainder. It also extended its revolving credit facility's maturity to four years.
16 Dec 2020debt financing▲ Good
Coeur expanded its Bank of America revolving credit facility by $50 million, to $300 million total.
23 Apr 2020material agreement● Neutral
Coeur entered a sales agreement with BofA Securities and RBC Capital Markets to sell up to $100 million of common stock at the market, with proceeds intended to reduce debt and for general corporate purposes.
16 Sept 2019capital raising announcement● NeutralMajor
Coeur exchanged $20 million of its senior notes for 4.45 million shares in five privately negotiated deals, and separately completed its $75 million at-the-market stock offering (via Citigroup/BMO), raising net proceeds of about $73.9 million to reduce debt.
12 Aug 2019material agreement● Neutral
Three months later, Coeur expanded that program to $75 million, adding BMO alongside Citigroup as sales agents.
20 May 2019material agreement● Neutral
Coeur opened a new $50 million at-the-market stock sale program with Citigroup.
1 Mar 2019material agreement▲ Good
The San Bartolome buyer paid off the remaining note balance early - $2 million immediately plus $4 million by the end of April 2019 - closing out the financial tail of Coeur's Bolivian divestment.
19 Nov 2018capital raising announcement▲ GoodMajor
Coeur closed the Pershing County, Nevada asset purchase, issuing 4,268,703 shares to Rye Patch/Alio Gold.
16 Oct 2018capital raising announcement▲ GoodMajor
Coeur agreed to buy Rye Patch Gold/Alio Gold's real property and mining claims in Pershing County, Nevada (adjacent to its Rochester mine) for $19.0 million in stock.
1 Oct 2018asset acquisition disposition▲ GoodMajor
Coeur completed its acquisition of Northern Empire Resources, adding the Sterling and Crown gold properties to its portfolio.
25 Sept 2018material agreement● Neutral
Coeur and the San Bartolomé buyer signed a letter agreement cutting the notes to $25.0 million, with the buyer paying $15.0 million in cash at once. Coeur also suspended the 2.0% royalty payments until October 15, 2019 and gave up any VAT refund rights.
2 Aug 2018business combination▲ GoodMajor
Coeur agreed to acquire Northern Empire Resources, owner of the Sterling and Crown gold exploration projects near Beatty, Nevada.
28 Feb 2018asset acquisition disposition● NeutralMajor
Coeur completed the sale of San Bartolome, ending its Bolivian mining operations entirely.
16 Feb 2018material agreement● Neutral
On February 16, 2018, Coeur and the buyer amended the San Bartolomé sale agreement. Under it, Coeur no longer had to guarantee Manquiri's credit agreement extensions or pay reclamation costs if the buyer stopped operating the mine.
26 Dec 2017material agreement● NeutralMajor
Coeur agreed to sell its Bolivian subsidiary Manquiri, owner of the San Bartolomé mine, for a 2% royalty, pre-closing VAT refunds and one-year promissory notes equal to Manquiri's cash (about $28 million at 30 November 2017). The sale was expected to close in early 2018.
18 Oct 2017business combination▲ GoodMajor
Coeur completed its acquisition of Silvertip Resources' British Columbia mine.
2 Oct 2017debt financing● Neutral
Coeur also opened a new $200 million revolving credit line with Bank of America for working capital and general funding needs.
11 Sept 2017business combination▲ GoodMajor
Coeur agreed to acquire JDS Silver Holdings, owner of the Silvertip silver-zinc-lead mine in northern British Columbia, for about $200 million in initial consideration. Up to $50 million more could be paid if milestones are met.
27 July 2017debt financing● Neutral
Coeur registered those same 2024 notes for public trading through a standard exchange offer, swapping the privately-placed notes for freely tradable ones on identical terms - no new financing or acquisition involved.
31 May 2017debt financing● NeutralMajor
Coeur raised $250 million through a private placement of 5.875% senior notes due 2024.
17 Apr 2017listing compliance notice▼ BadMajor
Coeur Mining, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
9 Sept 2016material agreement● Neutral
Coeur replaced its at-the-market stock program with a larger one, letting it sell up to $200 million of shares through BMO, Raymond James and RBC.
27 July 2016material agreement termination▲ Good
The 2014 buyout of Franco-Nevada's Mexican royalty became fully effective after Coeur's subsidiary met the required minimum-royalty threshold, permanently ending those royalty payments.
18 July 2016material agreement termination▲ Good
Coeur paid off the Barclays-led term loan early, repaying the $99 million balance plus a $4.4 million prepayment penalty.
13 May 2016material agreement● Neutral
Coeur set up a $75 million at-the-market program with BMO Capital Markets, letting it sell shares gradually into the market rather than in one bulk offering.
14 Mar 2016auditor change● Neutral
Coeur switched auditors after a competitive selection process, replacing KPMG with Grant Thornton for the 2016 fiscal year.
