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Coeur Mining (CDE) FY2024 results: revenue $1.1 billion, up 28.3% on the year

Coeur Mining, Inc. (CDE) reported revenue of $1.1 billion for fiscal 2024, the year ended 31 December 2024, up 28.3% on the year before. Net income was $59 million, and diluted earnings per share $0.15. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.

Revenue
$1.1 billion
+28.3% on the year
FY2017FY2024
Operating margin
15.6%
-4.7% a year earlier
FY2017FY2024
Net income
$59 million
FY2017FY2024
Diluted EPS
$0.15
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue1,054821786+28.3%
Operating income164-38.7-39.3
Operating margin15.6%-4.7%-5.0%
Interest expense51.329.123.9+76.2%
Pre-tax income126-68.5-63.4
Income tax67.535.214.7+91.9%
Effective tax rate53.4%n/an/a
Net income58.9-104-78.1
Net margin5.6%-12.6%-9.9%
Diluted EPS$0.15-$0.30-$0.28
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow17467.325.6+158.9%
Capital expenditure183365352-49.8%
Free cash flow-9.0-297-327
Free cash flow margin-0.8%-36.2%-41.6%
Cash from investing-194-304-146
Cash from financing13.9236125-94.1%
Depreciation and amortisation12599.8112+25.2%
Share-based compensation12.011.410.0+5.8%
Diluted shares, weighted397m343m275m+15.8%
Shares outstanding at period end399m386m296m+3.4%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity1,1231,024889+9.7%
Debt590545516+8.2%
Operating lease liabilities14.86.314.9+133.4%
Finance lease liabilities73.652.642.1+40.1%
Other liabilities500453384+10.4%
Total liabilities and equity2,3022,0811,846+10.6%
Fixed assets1,8181,6881,390+7.7%
Goodwill0.0n/an/a
Investmentsn/a0.044.2
Cash and equivalents55.161.661.5-10.6%
Receivables29.931.036.3-3.6%
Inventory78.676.761.8+2.6%
Other assets320223253+43.6%
Total assets2,3022,0811,846+10.6%

10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.