|Over a month ago|
Alliance Global says Avino's La Preciosa deal could be 'transformational' » 07:3510/2810/28/21
After Avino Silver &…
After Avino Silver & Gold Mines (ASM) announced the proposed acquisition of the La Preciosa Project from Coeur Mining (CDE), Alliance Global Partners analyst Jake Sekelsky said he views the proposed deal as "a logical transaction" as well as as "a game-changer" that could be "transformational for Avino." The La Preciosa project, which is adjacent to Avino's existing property, increases the company's land package by over 600% while increasing Avino's overall resource base to over 235 million AgEq ounces, noted Sekelsky, who reiterates a Buy rating and $1.40 price target on Avino shares.
Avino acquires neighboring La Preciosa project from Coeur Mining » 07:3110/2810/28/21
Last night, Avino Silver…
Last night, Avino Silver & Gold Mines (ASM) announced that it has entered into a share purchase agreement to indirectly acquire through the purchase of the shares of certain holding companies the La Preciosa Property from Coeur Mining (CDE). La Preciosa is a development stage mineral property, hosting one of the largest undeveloped primary silver resources in Mexico, and is located adjacent to Avino's existing operations at the Avino Property in Durango, Mexico, the company stated. David Wolfin, Avino's President and CEO, stated: "We believe this is a transformational Transaction for Avino shareholders. I have always believed that Avino and La Preciosa belong under common ownership given the clear synergies and common infrastructure, and I'm delighted that Coeur shares this vision. La Preciosa is an excellent strategic fit within Avino's existing operations and further strengthens our presence in Durango by adding not only a large, high-quality silver development project with near-term production potential to our portfolio, but also increasing our mineral exploration concessions by more than 7-fold to over 7,000 hectares. We are also very pleased to welcome an experienced miner in Coeur as a strategic Avino equity holder. Work is already underway to determine how to best integrate La Preciosa into Avino's production operations, given the proximity to the current processing facilities and infrastructure. We expect a large portion of the existing La Preciosa resource could be mined via an underground operation to potentially improve Avino's production and organic growth profile." Avino has agreed to pay cash consideration of $20M, of which $15M is payable at the closing of the Transaction from Avino's cash on hand. The remaining $5M is payable before the first anniversary of the closing date. Avino will execute a note payable in favor of Coeur with respect to the remaining cash consideration on customary termsi. Additionally, Avino will issue 14.0M units, each comprising one common share and one-half of a common share purchase warrant. On closing, Coeur will own about 12% of Avino's issued and outstanding common shares. The Warrants will have an exercise price of $1.09, representing a 25% premium to Avino's 20-day VWAP as of October 26, 2021, and will have a term of 18 months from the closing date of the transaction.
Coeur Mining reports Q3 gold production 87,083 ounces » 17:0310/2710/27/21
Third quarter gold and…
Third quarter gold and silver production totaled 87,083 and 2.5M ounces, respectively. Production levels are expected to increase during the fourth quarter and finish the year within the company's guidance range of 322,500 - 367,500 ounces of gold and 9.7M-12.2M ounces of silver.
Coeur Mining reports Q3 adjusted cont ops EPS (1c), consensus 9c » 17:0210/2710/27/21
Reports Q3 revenue $208M,…
Reports Q3 revenue $208M, consensus $225.97M.
Coeur Mining falls -13.4% » 12:0009/1609/16/21
Coeur Mining is down…
Coeur Mining is down -13.4%, or -95c to $6.14.
|Over a quarter ago|
Coeur Mining sees FY21 gold production 22.5K-32.5K ounces » 16:3107/2807/28/21
Sees FY21 silver…
Sees FY21 silver production 3.2M-4.4M ounces.
Coeur Mining reports Q2 adjusted EPS 0c, consensus 10c » 16:3107/2807/28/21
Reports Q2 revenue…
Reports Q2 revenue $214.9M, consensus $215.7M. "Second quarter revenue and cash flow increased quarter-over-quarter and year-over-year, primarily due to stronger silver production from our Palmarejo and Rochester operations as well as higher average realized silver prices," said Mitchell J. Krebs, President and Chief Executive Officer. "We anticipate production to continue increasing during the second half of 2021, particularly from our Wharf and Rochester operations, and expect to achieve our full-year production guidance for both gold and silver. We also accelerated investment on the POA 11 expansion project at Rochester during the quarter. Construction is advancing on schedule and is expected to be largely completed late next year, leading to an anticipated step change in production and cash flow despite seeing some early signs of inflationary pressures in certain areas."
Coeur Mining provides update on Silvertip mine programs » 07:1606/1506/15/21
Coeur Mining provided an…
Coeur Mining provided an update on 2021 exploration programs at its Silvertip mine in British Columbia and Crown exploration property in Nevada. The company highlighted new drilling results at the recently discovered Southern Silver Zone at Silvertip and at the four mineralized zones within the Crown Block - Daisy, Secret Pass, SNA and C-Horst. Through the first four months of 2021, Coeur drilled approximately 340,300 feet at six different locations - a 66% increase compared to the same period in 2020. Coeur anticipates investing $68M in exploration this year, which would make this the largest exploration campaign in Coeur's history and over 30% higher than last year's exploration investment.
Coeur Mining call volume above normal and directionally bullish » 14:2505/2505/25/21
Bullish option flow…
Bullish option flow detected in Coeur Mining with 5,364 calls trading, 1.8x expected, and implied vol increasing over 2 points to 60.32%. Jun-21 11 calls and Jun-21 10 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.27. Earnings are expected on July 28th.
BofA to hold a virtual conference » 04:5505/2005/20/21
AEM, PVG, WPM, HBM, TECK, RS, CDE, AA, EGO, NGD, FNV, EQX, KGC, KL, CELTF
Global Metals, Mining…
Global Metals, Mining & Steel Virtual Conference 2021 will be held on May 18-20.