Coeur Mining, Inc. (Coeur) is a precious metals producer with assets located in the United States, Canada, and Mexico.
Coeur’s strategy is to be a well-diversified, growing precious metals producer with a focus on generating returns from a balanced, prospective asset base in mining-friendly jurisdictions along with its commitment to exploration and expansions.
The company conducts its business with a proactive focus on responsible practices to positively impact the health, safety and socioecon...
Coeur Mining, Inc. (Coeur) is a precious metals producer with assets located in the United States, Canada, and Mexico.
Coeur’s strategy is to be a well-diversified, growing precious metals producer with a focus on generating returns from a balanced, prospective asset base in mining-friendly jurisdictions along with its commitment to exploration and expansions.
The company conducts its business with a proactive focus on responsible practices to positively impact the health, safety and socioeconomic status of the people and the communities in which it operates and be good stewards of the environment.
Operating Segments
The company produces and sell precious metals from the following operating segments:
The Palmarejo gold-silver complex, located in the state of Chihuahua in northern Mexico, which has been in operation since 2009.
The Rochester open pit heap leach silver-gold mine, located in northwestern Nevada, which has been in operation since 1986 and completed a significant expansion in 2024.
The Kensington underground gold mine, located north of Juneau, Alaska, which began operations in 2010.
The Wharf open pit heap leach gold mine, located near Lead, South Dakota, which was acquired by Coeur in 2015.
The newly acquired Las Chispas underground silver-gold mine, located in the state of Sonora in northern Mexico, which began operations in 2022.
In addition, the company operates the Silvertip underground silver-zinc-lead exploration project located in northern British Columbia, Canada, which was acquired by Coeur in 2017.
Metal Processing, Marketing and Sales
The company produces gold and silver doré, as well as gold concentrate. The doré produced at the Palmarejo complex, Rochester mine, and newly acquired Las Chispas mine, as well as the electrolytic cathodic sludge produced by the Wharf mine, is refined by a geographically diverse group of third-party refiners into gold and silver bullion according to benchmark standards set by the London Bullion Market Association, which regulates the acceptable requirements for bullion traded in the London precious metals markets. The company then sells gold and silver bullion to multi-national banks, bullion trading houses, and refiners across the globe. The company’s gold concentrate product from the Kensington mine is sold under a long-term offtake agreement and is shipped to geographically diverse third-party smelters.
Commodities
The company purchases materials and supplies from third parties to conduct its business, including electricity, fuel, chemical reagents, explosives, steel and concrete.
Properties
Mining Operations
Mexico — Palmarejo
The Palmarejo complex, operated by the company’s wholly owned subsidiary, Coeur Mexicana, S.A. de C.V. (‘Coeur Mexicana’), consists of: (1) the Palmarejo processing facility; (2) the Guadalupe underground mine; (3) the Independencia underground mine; (4) the La Nación underground mine; and (5) other nearby deposits and exploration targets. The Palmarejo complex is located approximately 260 miles southwest of Chihuahua, in the state of Chihuahua in Northern Mexico.
The U.S.A. (Nevada) — Rochester
The Rochester mine and associated heap leach facilities, operated by the company’s wholly owned subsidiary, Coeur Rochester, Inc. (‘Coeur Rochester’), is an open pit silver and gold mine located in Pershing County, Nevada, approximately 13 miles northeast of the city of Lovelock. The mine consists of the main Rochester deposit and the adjacent Nevada Packard deposit, southwest of the Rochester mine. In November 2018, Coeur Rochester acquired the Lincoln Hill, Gold Ridge and Wilco projects adjacent to Rochester from Alio Gold. The Rochester mine is fully supported with electricity, supplied by a local power company. Ore is mined using conventional open pit methods, with gold and silver recovered by heap leaching of crushed open-pit ore placed on pads located within the Rochester mining area.
Rochester completed the ramp-up and expansion of the operation in 2024. This project included the construction of a new leach pad, a three-stage crushing facility, a Merrill-Crowe process plant, and related infrastructure to support the extension of Rochester’s mine life.
The U.S.A. (Alaska) — Kensington
The Kensington underground gold mine and associated milling facilities, operated by the company’s wholly owned subsidiary, Coeur Alaska, Inc. (‘Coeur Alaska’), are located on the east side of the Lynn Canal about 45 miles north-northwest of Juneau, Alaska. The mine consists of the (i) Kensington Main deposit, (ii) Elmira, and (iii) other nearby deposits and exploration targets. The mine is accessed by a horizontal tunnel and utilizes conventional and mechanized underground mining methods.
Kensington has completed the planned expansion under POA 1, which increased tailings and waste rock storage capacity to support an expected longer mine life, reflecting positive exploration results, improved metal prices and ongoing operational efficiencies.
The U.S.A. (South Dakota) — Wharf
The Wharf mine, operated by the company’s wholly owned subsidiaries, Wharf Resources (U.S.A.) Inc. (‘Wharf’) and Golden Reward Mining Limited Partnership (‘Golden Reward’), is located in the northern Black Hills of western South Dakota, approximately four miles southwest of the city of Lead, South Dakota.
Mexico - Las Chispas
The Las Chispas operation, operated by the company’s wholly owned subsidiary, Compania Minera La Llamarada S.A. de C.V., consists of: (1) the Las Chispas processing facility; (2) the Las Chispas underground mine; and (3) other nearby deposits and exploration targets. The Las Chispas operation is located on the western edge of the north-trending Sierra Madre Occidental Mountain Range and is geographically adjacent to the Sonora Valley.
Exploration Projects
Canada (British Columbia) — Silvertip
The Silvertip silver-zinc-lead exploration property owned by the company’s wholly owned subsidiary, Coeur Silvertip Ltd. (‘Coeur Silvertip’), is an underground project located in northern British Columbia, Canada just south of the Yukon border.
History
The company was founded in 1928. It was incorporated as an Idaho corporation in 1928 under the name Coeur d’Alene Mines Corporation. In 2013, the company changed its state of incorporation from the state of Idaho to the state of Delaware and changed its name to Coeur Mining, Inc.