MarketPR
Coeur Mining (NYSE: CDE) posted $1.1 billion in quarterly revenue on August 6, the company's first-ever quarter above the billion-dollar mark, with EBITDA at a record $478 million and free cash flow at $388 million, up 45% from the prior quarter.
The print came with friction: a $140 million noncash inventory fair-value charge tied to the Rainy River acquisition cut roughly $0.10 per share from reported earnings, and both Canadian mines are still ramping below targeted throughput rates.
The next confirmable milestone is New Afton reaching its 16,000-tonne daily mining target, which management now expects only in early Q4.
Behind the record quarter Revenue ran 27% above the prior quarter, and free cash flow worked out to more than $4 million per day.
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