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Slide #50. Coeur Mining, Inc. — Global Royalty Corp.
Coeur Mining, Inc. (NYSE:CDE)
Global Royalty Corp.
Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE:CDE) (TSX:CDM.CA) today announced the formation of a new wholly-owned subsidiary, Coeur Capital, Inc. ("Coeur Capital"), which will hold Coeur's existing and any future-acquired royalty and streaming interests along with its portfolio of strategic equity investments. Increasing Coeur's interests in royalties and streams through Coeur Capital is expected to provide the Company's stockholders with higher-margin, less volatile free cash flow1, diversified metal exposure, and future avenues for growth.
Coeur Mining is a gold and silver producer, with mines located in the U.S., Canada, and Mexico. Co. produces gold and silver dore, as well as gold concentrate. The dore produced at the Palmarejo complex and Rochester mine, as well as the concentrate product produced by the Wharf mine, is refined by a geographically diverse group of third-party refiners into gold and silver bullion. Co. then sells gold and silver bullion to multi-national banks, bullion trading houses, and refiners across the globe. Co.'s gold concentrate product from the Kensington mine, and the smelters and traders pay Co. for the metals recovered from the concentrates.
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Hold (2.40 out of 4)