16 Dec 2020debt financing▲ Good
Coeur expanded its Bank of America revolving credit facility by $50 million, to $300 million total.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Apr 2020material agreement● Neutral
As COVID-19 roiled markets, Coeur set up a new $100 million at-the-market stock sale program with BofA Securities and RBC.
16 Sept 2019capital raising announcement● NeutralMajor
Coeur exchanged $20 million of its senior notes for 4.45 million shares in five privately negotiated deals, and separately completed its $75 million at-the-market stock offering (via Citigroup/BMO), raising net proceeds of about $73.9 million to reduce debt.
12 Aug 2019material agreement● Neutral
Three months later, Coeur expanded that program to $75 million, adding BMO alongside Citigroup as sales agents.
20 May 2019material agreement● Neutral
Coeur opened a new $50 million at-the-market stock sale program with Citigroup.
1 Mar 2019material agreement▲ Good
The San Bartolome buyer paid off the remaining note balance early - $2 million immediately plus $4 million by the end of April 2019 - closing out the financial tail of Coeur's Bolivian divestment.
19 Nov 2018capital raising announcement▲ GoodMajor
Coeur closed the Pershing County, Nevada asset purchase, issuing 4,268,703 shares to Rye Patch/Alio Gold.
16 Oct 2018capital raising announcement▲ GoodMajor
Coeur agreed to buy Rye Patch Gold/Alio Gold's real property and mining claims in Pershing County, Nevada (adjacent to its Rochester mine) for $19.0 million in stock.
1 Oct 2018asset acquisition disposition▲ GoodMajor
Coeur completed its acquisition of Northern Empire Resources, adding the Sterling and Crown gold properties to its portfolio.
25 Sept 2018material agreement● Neutral
The San Bartolome buyer renegotiated its payout, paying $15 million cash upfront in exchange for cutting the outstanding note balance from $27.6 million to $25 million and pausing royalty payments until October 2019.
2 Aug 2018business combination▲ GoodMajor
Coeur agreed to acquire Northern Empire Resources, owner of the Sterling and Crown gold exploration projects near Beatty, Nevada.
28 Feb 2018asset acquisition disposition● NeutralMajor
Coeur completed the sale of San Bartolome, ending its Bolivian mining operations entirely.
16 Feb 2018material agreement● Neutral
Coeur and the buyer amended the San Bartolome sale agreement shortly before closing, adding a pass-through of Bolivian VAT refunds to the deal terms.
26 Dec 2017material agreement● NeutralMajor
Coeur agreed to sell its Bolivian subsidiary, which runs the San Bartolome silver mine, to Ag-Mining Investments for $27.6 million in promissory notes plus a 2% royalty on future production - the start of Coeur's exit from Bolivia.
18 Oct 2017business combination▲ GoodMajor
Coeur completed its acquisition of Silvertip Resources' British Columbia mine.
2 Oct 2017debt financing● Neutral
Coeur also opened a new $200 million revolving credit line with Bank of America for working capital and general funding needs.
11 Sept 2017business combination▲ GoodMajor
Coeur agreed to acquire Silvertip Resources' silver-lead-zinc mine in British Columbia.
27 July 2017debt financing● Neutral
Coeur registered those same 2024 notes for public trading through a standard exchange offer, swapping the privately-placed notes for freely tradable ones on identical terms - no new financing or acquisition involved.
31 May 2017debt financing● NeutralMajor
Coeur raised $250 million through a private placement of 5.875% senior notes due 2024.
17 Apr 2017listing compliance notice▼ BadMajor
Coeur Mining, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
9 Sept 2016material agreement● Neutral
Coeur replaced its at-the-market stock program with a larger one, letting it sell up to $200 million of shares through BMO, Raymond James and RBC.
27 July 2016material agreement termination▲ Good
The 2014 buyout of Franco-Nevada's Mexican royalty became fully effective after Coeur's subsidiary met the required minimum-royalty threshold, permanently ending those royalty payments.
18 July 2016material agreement termination▲ Good
Coeur paid off the Barclays-led term loan early, repaying the $99 million balance plus a $4.4 million prepayment penalty.
13 May 2016material agreement● Neutral
Coeur set up a $75 million at-the-market program with BMO Capital Markets, letting it sell shares gradually into the market rather than in one bulk offering.
14 Mar 2016auditor change● Neutral
Coeur switched auditors after a competitive selection process, replacing KPMG with Grant Thornton for the 2016 fiscal year.
18 Nov 2015listing compliance notice● NeutralMajor
Coeur Mining, Inc.'s exchange filed to remove a class of its securities from listing.
25 June 2015debt financing● Neutral
Coeur replaced that Scotia loan with a larger $100 million term loan from a Barclays-led lender group, again for working capital and general corporate needs.
17 Apr 2015business combination▲ GoodMajor
Coeur completed its acquisition of Paramount Gold and Silver: Paramount first spun its Nevada assets off to its own shareholders, then became a wholly-owned Coeur subsidiary.
2 Apr 2015debt financing● Neutral
Coeur borrowed $50 million from Bank of Nova Scotia on a one-year loan to fund working capital.
16 Mar 2015business combination● Neutral
This is the definitive version: dated and mailed 16 March 2015, with the tax opinions now given rather than promised -- counsel confirming the Sleeper spin-off is tax-free to Coeur and its shareholders. The 0.2016 ratio and the no-appraisal-rights position are unchanged from the amendment two weeks earlier.