Coeur Mining Inc (CDE)

History and Background

Coeur Mining, Inc. was founded in 1928 and is headquartered in Chicago, Illinois. Initially focused on silver mining in Idaho's Coeur d'Alene district, it has evolved into a diversified precious metals producer with operations in North America.

Core Business Areas

• Silver Mining: Extraction and processing of silver ore to produce silver bullion and concentrate.
• Gold Mining: Extraction and processing of gold ore to produce gold bullion and concentrate.
• Exploration: Exploration and development of new precious metal deposits.

Leadership and Structure

The company is led by Mitchell J. Krebs (President & CEO). It has a typical corporate structure with a board of directors overseeing management.

Key Offerings

• Silver Bullion: Coeur Mining's primary product. Silver market share data varies, but Coeur competes with companies such as First Majestic Silver (AG) and Pan American Silver (PAAS).
• Gold Bullion: Coeur Mining produces gold from several mines. Competitors include Newmont (NEM) and Barrick Gold (GOLD).

Industry Overview

The precious metals mining industry is influenced by factors like global economic conditions, interest rates, inflation, and geopolitical events. Demand for silver and gold is driven by industrial uses, investment, and jewelry.

Positioning

Coeur Mining is a mid-tier precious metals producer with a focus on silver and gold. Its competitive advantages include a diversified portfolio of mines and a strong exploration program.

Total Addressable Market (TAM)

The total addressable market for gold is in the trillions, and for silver, it's in the hundreds of billions, both globally. Coeur Mining is positioned as a mid-tier player, seeking to expand its market share through exploration and efficient operations.

Key Competitors

• AG
• PAAS
• HL
• SBSW

Competitive Landscape

Coeur Mining competes with other precious metals producers for resources, projects, and capital. Its strengths include its North American focus and diversified asset base. The smaller market share reflects its mid-tier position relative to larger competitors.

Northern Empire Resources Corp.

• Year: 2018
• Acquisition Price (USD millions): 90
• Strategic Rationale: Acquired for the Sterling Gold Project, providing Coeur with a promising development opportunity in Nevada.

Historical Growth: Coeur Mining's growth has been driven by acquisitions, mine expansions, and exploration success. Its operations grew significantly in the past decade but recently showed some volatility.

Future Projections: Future growth is projected to come from continued exploration, increased production at existing mines, and potential acquisitions. Analyst estimates depend greatly on the expected commodity prices.

Recent Initiatives: Recent initiatives include exploration at existing properties, cost reduction programs, and optimization of mining operations.

Coeur Mining is a mid-tier precious metals producer with a diversified asset base in North America. It faces challenges related to operating costs and metal price volatility, but has potential for growth through exploration and mine expansion. The company needs to focus on operational efficiency and cost management to improve profitability and shareholder returns. Investors should watch the impact on the company from geopolitical and envirnomental concerns.

Data Sources:

• Company Filings (10-K, 10-Q)
• Company Website
• Analyst Reports
• Industry Publications

Disclaimers:

The information provided is for informational purposes only and should not be considered as financial advice. Investment decisions should be made based on individual risk tolerance and thorough research.