Coeur Mining Provides 2026 Guidance and Announces Updated Capital Return Program
- Production Expectations Boosted: Coeur Mining anticipates 2026 gold, silver, and copper production to reach 680,000 to 815,000 ounces, 18.7 to 21.9 million ounces, and 50 to 65 million pounds, respectively, reflecting strong contributions from the newly acquired New Afton and Rainy River mines, which is expected to increase overall gold production by 80%, significantly enhancing the company's market competitiveness.
- Expanded Capital Return Program: The company's Board of Directors has authorized a $750 million share repurchase program and introduced a semiannual dividend policy of $0.02 per share, expected to be paid in June and December each year, which will enhance shareholder returns and boost investor confidence.
- Mine Life Extension: Technical reports for New Afton and Rainy River indicate a two-year extension of the mine life to 2035, with expected average annual gold and silver production of 287,000 ounces and 527,000 ounces over the next three years, providing stable cash flow and profitability for the company.
- Maiden K-Zone Resource Announced: The year-end resource at New Afton's K-Zone totals 47.6 million tonnes, containing 715,000 ounces of gold and 2.8 million ounces of silver, which is expected to provide significant support for future mine life extensions, further solidifying Coeur's position in the precious metals market.
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COEUR MINING INC - SEC FILING REVEALS FIVE-YEAR TERM FOR CREDIT FACILITY
Credit Facility Overview: The COEUR MINING INC. has established a five-year term credit facility to support its financial operations.
SEC Filing: The company has filed relevant documents with the SEC regarding this credit facility, ensuring compliance with regulatory requirements.
COEUR MINING INC ANNOUNCES $1 BILLION REVOLVING CREDIT FACILITY AND UP TO $250 MILLION IN ADDITIONAL LOANS IN SEC FILING
Credit Agreement Details: The credit agreement includes a $1 billion revolving facility and up to $250 million in incremental loans.
Financial Structure: The agreement is structured to provide flexibility and support for future financial needs.
Purpose of Funding: The funds are intended to enhance operational capabilities and support growth initiatives.
Secured Financing: The financing is secured, indicating a commitment to responsible financial management.
Coeur Mining Inc. Enters Credit Agreement on March 20, 2026 - SEC Filing
Credit Agreement Details: Coeur Mining has entered into a credit agreement that is set to mature on March 20, 2026.
SEC Filing: The details of this credit agreement have been filed with the Securities and Exchange Commission (SEC).
Coeur Mining Launches Private Exchange Offer for Senior Notes
- Exchange Offer Initiation: Coeur Mining has announced a private exchange offer for $400 million of 6.875% Senior Notes, aiming to replace existing notes with new notes and cash, thereby optimizing its capital structure and reducing financing costs.
- Proposed Amendments: Concurrently with the exchange offer, Coeur is soliciting consents to amend the existing notes indenture, proposing to eliminate most restrictive covenants, which will enhance the company's financial flexibility and reduce default risks.
- Acquisition Impact: Following the completion of Coeur's acquisition of New Gold, a 'change of control' clause in the existing notes indenture was triggered, which originally required a repurchase of existing notes within 30 days post-transaction; however, if the exchange offer is successful, this obligation can be waived, conserving cash.
- Participation Incentives: Holders of existing notes who validly tender their notes before the early participation date will receive $2.00 in cash and an additional $50 in new notes per $1,000, aimed at encouraging higher participation rates and increasing the likelihood of a successful transaction.
Coeur Mining, Inc. Secures New $1.0 Billion Revolving Credit Facility
- New Credit Facility: COEUR MINING, INC has launched a new $1.0 billion revolving credit facility.
- Financial Strategy: This move is part of the company's strategy to enhance its financial flexibility and support growth initiatives.
Coeur Mining, Inc. Launches Exchange Offer for $400 Million in New 6.875% Gold Notes Maturing in 2032
Company Announcement: Coeur Mining, Inc. has announced a new exchange offer for $400 million in new gold notes.
Financial Details: The new notes will have an interest rate of 6.875% and are set to mature in 2032.
COEUR MINING INC - SEC FILING REVEALS FIVE-YEAR TERM FOR CREDIT FACILITY
Credit Facility Overview: The COEUR MINING INC. has established a five-year term credit facility to support its financial operations.
SEC Filing: The company has filed relevant documents with the SEC regarding this credit facility, ensuring compliance with regulatory requirements.
COEUR MINING INC ANNOUNCES $1 BILLION REVOLVING CREDIT FACILITY AND UP TO $250 MILLION IN ADDITIONAL LOANS IN SEC FILING
Credit Agreement Details: The credit agreement includes a $1 billion revolving facility and up to $250 million in incremental loans.
Financial Structure: The agreement is structured to provide flexibility and support for future financial needs.
Purpose of Funding: The funds are intended to enhance operational capabilities and support growth initiatives.
Secured Financing: The financing is secured, indicating a commitment to responsible financial management.
Coeur Mining Inc. Enters Credit Agreement on March 20, 2026 - SEC Filing
Credit Agreement Details: Coeur Mining has entered into a credit agreement that is set to mature on March 20, 2026.
SEC Filing: The details of this credit agreement have been filed with the Securities and Exchange Commission (SEC).
Coeur Mining Launches Private Exchange Offer for Senior Notes
- Exchange Offer Initiation: Coeur Mining has announced a private exchange offer for $400 million of 6.875% Senior Notes, aiming to replace existing notes with new notes and cash, thereby optimizing its capital structure and reducing financing costs.
- Proposed Amendments: Concurrently with the exchange offer, Coeur is soliciting consents to amend the existing notes indenture, proposing to eliminate most restrictive covenants, which will enhance the company's financial flexibility and reduce default risks.
- Acquisition Impact: Following the completion of Coeur's acquisition of New Gold, a 'change of control' clause in the existing notes indenture was triggered, which originally required a repurchase of existing notes within 30 days post-transaction; however, if the exchange offer is successful, this obligation can be waived, conserving cash.
- Participation Incentives: Holders of existing notes who validly tender their notes before the early participation date will receive $2.00 in cash and an additional $50 in new notes per $1,000, aimed at encouraging higher participation rates and increasing the likelihood of a successful transaction.
Coeur Mining, Inc. Secures New $1.0 Billion Revolving Credit Facility
- New Credit Facility: COEUR MINING, INC has launched a new $1.0 billion revolving credit facility.
- Financial Strategy: This move is part of the company's strategy to enhance its financial flexibility and support growth initiatives.
Coeur Mining, Inc. Launches Exchange Offer for $400 Million in New 6.875% Gold Notes Maturing in 2032
Company Announcement: Coeur Mining, Inc. has announced a new exchange offer for $400 million in new gold notes.
Financial Details: The new notes will have an interest rate of 6.875% and are set to mature in 2032.
