Coeur Mining, Inc. is a prominent precious metals producer primarily engaged in the mining of gold and silver across North America. The company's business model centers on operating a diversified portfolio of wholly-owned mines, which include the Palmarejo gold-silver complex in Mexico, the Rochester open-pit heap leach silver-gold mine in Nevada, the Kensington underground gold mine in Alaska, and the Wharf open-pit heap leach gold mine in South Dakota. Coeur also maintains a pipeline of advanced exploration properties, such as the Silvertip project in British Columbia, Canada, to extend mine lives and drive organic growth. Revenue is generated through the sale of metal concentrates to third-party smelters and refiners under long-term off-take agreements. In 2023, gold sales accounted for approximately 70% of the company's total revenue, while silver sales contributed the remaining 30%. Geographically, the company's U.S. operations generate the majority of its revenue, supplemented by its Mexican operations. Coeur's competitive position is bolstered by its exclusive focus on mining-friendly jurisdictions in North America, its significant scale, and ongoing expansion projects designed to increase production capacity and lower operating costs.
