美国银矿公司:科尔矿业公司Coeur Mining(CDE)

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所属分类:明星股 矿业公司
摘要

科尔矿业公司(科尔黛伦矿业公司)Coeur Mining, Inc.(NYSE:CDE)创立于1928年,前称Coeur d’Alene Mines Corporation,于2013年5月改为现用名,总部位于美国伊利诺伊州芝加哥,是全球最大银矿开采商。

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  1. 华人第一美股券商——老虎证券→→→2018年最新开户优惠
  2. 美国本土华人券商——第一证券→→→2018年最新开户优惠

科尔矿业公司Coeur Mining, Inc.(NYSE:CDE)创立于1928年,前称科尔黛伦矿业公司(或:科达伦矿业公司,Coeur d'Alene Mines Corporation),于2013年5月改为现用名,总部位于美国伊利诺伊州芝加哥,全职雇员2087人,主要在美国、墨西哥、玻利维亚、阿根廷、澳大利亚、厄瓜多尔、智利和新西兰从事白银和黄金矿产的持有、经营和开发,是全球最大银矿开采商之一。

美国银矿公司:科尔矿业公司Coeur Mining(CDE)

科尔矿业公司Coeur Mining(CDE)美股百科:

Coeur Mining经营分为五个部门:Palmarejo、San Bartolome、Rochester、Kensington及Martha矿,科尔矿业公司提炼贵金属金锭,并提供给各区域第三方的冶炼厂与精炼厂。

科尔矿业金锭销售给信誉良好的金条贸易公司、报价商以及伦敦贵金属交易协会成员、工业企业与财务组织;精炼金属售予终端用户,用于电子电路、珠宝、银器、制药与科技行业。

2016年,Coeur实现了3630万盎司白银当量(AgEqOz)的产量,超过了去年的纪录(3560万盎司白银当量)。 科尔矿业预计2017年的产量预计为1640万 - 1800万盎司的白银和362,000 - 387,000盎司的黄金,即:3810万 - 4120万盎司白银当量。

投资要点:

美国银矿公司:科尔矿业公司Coeur Mining(CDE)

财务数据:

美国银矿公司:科尔矿业公司Coeur Mining(CDE)

科尔矿业公司Coeur Mining(CDE)矿区——生产阶段:

  1. 墨西哥Palmarejo——商业生产阶段,露天矿坑/地下金银矿,拥有100%权益,占地135,131英亩,2015年生产651万盎司银和70,922盎司金,证明和可能储量4490万盎司银和690,000盎司金;测定和指示储量2530万盎司银和330,000盎司金。
  2. 美国内华达州Rochester——商业生产阶段,露天金银矿,拥有100%权益,占地10,800英亩,2015年产量460万盎司银和52,588盎司金,证明和可能储量7930万盎司银和477,000盎司金;测定和指示储量6750万盎司银和483,000盎司金。
  3. 美国阿拉斯加Kensington——商业生产阶段,地下金矿,拥有100%权益,占地12,400英亩,2015年产量126,266盎司黄金,证明和可能储量560,000 盎司黄金;测定和指示储量518,000盎司金。
  4. 美国南达科他州Wharf——商业生产阶段,露天金矿(银作为副产品),拥有100%权益,占地5,212.13英亩,2014年产量为72,100盎司黄金。证明和可能储量712,000盎司黄金,测定和指示储量167,000盎司黄金。
  5. 玻利维亚San Bartolomé——商业生产阶段,露天银矿,通过与几家独立采矿合作社和玻利维亚国有矿业公司COMIBOL签订的合资和长期租赁协议持有矿权。占地9000英亩,2015年产量540万盎司白银,证明和可能储量2790万盎司银,测定和指示储量1690万盎司银。
  6. 澳大利亚Endeavor——商业生产阶段,地下富银铅锌矿,通过与Toho Zinc Co. Ltd.子公司CBH Resources Ltd.的协议,Coeur拥有100%银矿权益,占地10,121英亩,2015年产量629,000盎司银,探明及可能储量380万盎司银,测定和指示储量3110万盎司银。

科尔矿业公司Coeur Mining(CDE)矿区——开发&勘探阶段:

  1. 阿根廷Joaquin——拥有100%权益,测定及指示含量矿产储量估计为5410万盎司银,40,000盎司金。
  2. 墨西哥La Preciosa——储量不明。

科尔矿业公司矿区分布:

美国银矿公司:科尔矿业公司Coeur Mining(CDE)

科尔矿业公司Coeur Mining(CDE)历史沿革:

  • 1928年,Coeur Mining创立,当时主要开采Coeur d'Alene Silver Mine、Coeur Mine、Galena Mine;
  • 1983年,Coeur收购Asarco在内华达州的Rochester Mine权益,1986年开始生产;
  • 1987年,Coeur Mining收购阿拉斯加Kensington Property的50%权益,1995年收购剩余的50%权益,于2010年开始生产;
  • 1990年,Coeur Mining从一家智利勘探公司手中收购Fachinal资产(Cerro Bayo Mine),于2010年出售给Mandalay Resources Corporation;
  • 1991年,Coeur收购Callahan Mining Corporation全部流通股份,收购包括Galena Mine以及软管和金属管制造商Flexaust Company,1995年,Coeur 出售 Flexaust;
  • 1993年,Coeur从Cyprus Gold New Zealand Limited收购新西兰地下和地表金矿——Golden Cross Mine的80%权益,1998年,该矿关闭;
  • 1994年,Coeur从Compania Minera El Bronce de Petorca手里收购智利地下金银矿——El Bronce Mine的权益和控制权,该矿一直运营到2001年,2002年,Coeur将其出售;
  • 1995年,Coeur 和 ASARCO将其位于爱达荷州北部的矿业资产(Coeur、Galena和Calday mines) 合并成立新公司——Silver Valley Resources Corporation,其中Coeur Mine于1998年关闭,Galena Mine于2006年关闭,同时,Coeur将其持有的Silver Valley Resources权益出售给U.S. Silver Corporation;
  • 1999年,Coeur从ASARCO手里收购玻利维亚银矿项目——San Bartolome Mine,于2008年投产;
  • 2002年,Coeur从Yamana Resources Inc.手里收购阿根廷地下银矿项目——Martha Mine,该矿于2012年9月关闭;
  • 2005年,Coeur收购澳大利亚Endeavor Mine(2000万盎司银储量)和Broken Hill Mine(1720万盎司银储量);
  • 2007年,Coeur从Bolnisi Gold NL 和 Palmarejo Silver and Gold Corporation手里收购Palmarejo银矿项目,该矿于2008年投产,目前在营;
  • 2013年,成立Coeur Capital, Inc.来持有特许权使用费和战略投资;
  • 2013年5月,公司名称由Coeur d'Alene Mines Corporation改为Coeur Mining, Inc.;
  • 2017年9月12日,科尔矿业公司以2.5亿加元收购Silvertip矿。

科尔矿业公司Coeur Mining(CDE)美股投资:

  • 参考资料:
行情走势==点击直达股票行情==机构评级==点击查看公司评级==
美股百科==公司百科资料==持股机构==公司前10大持股机构==
公司官网==点击直达公司官网==股票分析==财报情况及其他==

机构评级:

2016-4-8CIBC降级从:行业一致到:跑输行业
2016-3-23Deutsche Bank降级 从:持有到:卖出
2015-6-4ROTH Capital初评到:买入
2015-4-20Scotia Capital升级从:跑输行业到:行业一致
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目前评论:6   其中:访客  6   博主  0

    • 美股之家 美股之家 9

      本站研究数据显示,基于资产价值和公司规模,PAAS和CDE是价值最高的两只银价股。

      评论

      • 美股百科 美股百科 4

        最新收购 With the acquisition of the Wharf mine from Goldcorp in 2015, cde has become a significant gold producer. Its operating mines are in the United States, Mexico, and Bolivia and with additional exploration projects in Mexico and Argentina.

        • 美股百科 美股百科 4

          更新:In April 2015, the company completed the acquisition of Paramount Gold and Silver Corp., and now owns 100% of Coeur San Miguel Corp., which owns the San Miguel project that is adjacent to Coeur’s Palmarejo property.

          • 美股百科 美股百科 4

            更新:Wharf is an Open pit gold mine located near Lead, South Dakota. Wharf is in the Black Hills mining district of South Dakota and has been in production for over 30 years, during which it has produced over 2.0m ounces of gold. CDE acquired Wharf in February 2015 from Goldcorp Inc. for cash consideration of $99.4m. Wharf produced 78,132 ounces of gold post acquisition in 2015.

            • 美股之家 美股之家 9

              Dear Fellow Stockholders,
              2016 marked a key inflection point in Coeur’s strategic repositioning.
              We entered the year challenged by depressed gold and silver prices, a highly
              levered balance sheet, ambitious capital investment plans, and unfavorable
              capital markets conditions. With little margin for error, we successfully executed
              on our multi-year strategy to transform Coeur into a lower-cost, high-quality,
              profitable precious metals producer.
              Central to this strategy, we made significant progress on our high-return
              organic growth initiatives. At our Palmarejo silver-gold complex in Mexico,
              we completed the transition to 100% underground mining from two new,
              high-grade deposits – Guadalupe and Independencia. We plan to accelerate
              the mining rates at these deposits during 2017, which is expected to lead
              to silver and gold production increases of over 50% this year and, more
              importantly, significantly higher cash flow. At our Rochester mine in Nevada,
              we commenced construction of an expanded leach pad, which remains
              on-schedule and on-budget with expected completion in the third quarter. This
              project represents the culmination of several years of investment at Rochester
              to position our longest-running operation for strong, sustainable cash flow.
              At our Kensington gold mine in Alaska, we advanced development of the
              high-grade Jualin deposit and are on schedule to commence production
              from this important new ore source late this year. With Jualin contributing
              higher-grade ore, we expect Kensington to join Palmarejo and Rochester
              as sources of strong and sustained cash flows for the Company. Further
              supplementing the cash flow from these assets is the Wharf gold mine in
              South Dakota, which we acquired in February of 2015 for $99 million. In 2016
              alone, Wharf generated $58 million of free cash flow
              1
              for the Company, which
              demonstrates the high rate of return on this acquisition.
              Concurrent with these development and portfolio enhancing efforts, we
              maintained strong operating discipline, resulting in record production levels and
              a continuation of our industry-leading cost reductions. Coupled with modest
              improvements to gold and silver prices, we generated positive net income of
              $55 million in 2016 and adjusted EBITDA
              2
              of $215 million, an increase of
              nearly $90 million, or 68%, year-over-year.
              Mitchell J. Krebs,
              President & Chief Executive Officer
              (1) Free cash flow calculated as cash provided by operating activities less capital expenditures and gold production royalty payments.
              (2) See non-GAAP reconciliation tables in Item 7 of the Form 10-K included with this Annual Report.
              Coeur Mining
              |
              2016 Annual Report
              5
              This strong operational and financial performance also provided critical
              support as we delivered on our commitment to reduce leverage and strengthen
              our balance sheet. Over the course of 2016, we reduced debt by $280 million,
              or nearly 60%, resulting in significant expected annual interest savings and
              greater balance sheet flexibility.
              Over the past several months, our more conservative balance sheet has
              allowed us to allocate more capital to future growth initiatives, including
              an expansion of our exploration program. Following years of limited explora

              tion investment due to a declining metal price environment and a focus on
              repositioning our core assets, we increased our exploration budget in
              mid-2016 and expanded it further in early 2017, prioritizing high-return,
              near-mine exploration and mine life extensions.
              Our expanded exploration efforts have already started to yield results.
              Earlier this year, we reported a 40% increase in silver reserves and a 70%
              increase in gold reserves at our Rochester mine from targeted drilling that
              was completed during 2016. In 2017, the largest portion of our exploration
              budget is planned to be spent at Palmarejo, followed by Kensington and the La
              Preciosa exploration project located in Mexico. While ongoing drilling efforts
              will take time and analysis before translating into mineralized material and
              potential reserves, we believe there is significant exploration upside within our
              existing portfolio of assets.
              The past year also upheld the Company’s enduring commitment to health
              and safety, with lost-time and reportable incidents declining by 79% and
              68%, respectively, since 2010. Beyond these measures, we redefined
              our companywide vision for corporate stewardship and introduced greater
              structure to our investments in wellness and community partnership. As an
              employer of over 2,000 people across the Americas, Coeur recognizes the
              importance of demonstrating responsibility to each of its stakeholders.
              In 2017, gold and silver prices remain volatile and macroeconomic and
              geopolitical environments uncertain, yet we believe we are better positioned
              to face these challenges today than ever before in our Company’s history. This
              more resilient posture has been made possible by the hard work and thoughtful
              contributions of the team here at Coeur. Our employees’ dedication, strong work
              ethic, and ambition have reinvigorated our culture and invigorated our pursuit
              of a higher standard in all areas of our business. It remains a great honor to lead
              such a talented and driven team as the Company’s President and CEO as we
              continue to transform Coeur into the leader in precious metals mining. I’d also
              like to express my appreciation and gratitude to the Chairman of the Board for
              his support and leadership as well as to the Board of Directors for their guidance
              and encouragement, and – most importantly – to our investors whom we all
              proudly serve.
              Mitchell J. Krebs
              President & Chief Executive Officer

              • 美股之家 美股之家 9

                2017Q3亏损1670万美元,股票大跌。