Coeur Mining Inc. (CDE) shares plummeted 5.08% in pre-market trading on Friday as the silver and gold producer reported full-year 2024 earnings that missed analyst expectations. However, the company provided an upbeat outlook for 2025, limiting the stock decline.
For 2024, Coeur reported revenue of $1.05 billion, missing estimates by 2.1%, and earnings per share of $0.15, 27% below forecasts. The earnings miss disappointed investors initially, leading to the share price drop.
However, Coeur's Q4 2024 earnings call transcript revealed several positive developments that could drive a strong rebound in 2025. The company expects record production levels exceeding 400,000 ounces of gold and 18 million ounces of silver across its five North American operations this year. Higher output from the newly expanded Rochester mine and the recently acquired Las Chispas asset should boost revenues and earnings.