Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
What happened
Shares of gold and silver miner
Coeur Mining (NYSE:CDE) rose just about 10% on May 3. However, by roughly 2 p.m. EDT the stock had given back some of its gains and was sitting with an advance of about 8%. There wasn t any material news out of the company today, which likely means that the driver of the gain was a bit more basic.
So what
Coeur is, as its name implies, a miner, which means that its top and bottom lines are driven by the products it brings up from the ground. In the first quarter, roughly 68% of the company s top line was tied to gold, with the remainder driven by silver. It s common for precious metals miners to produce more than one metal, as gold and silver (and other metals, like copper) are often found in the same location. However, Coeur s exposure to silver (roughly 32% of sales) is fairly material fo
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Operator
Good morning, and welcome to the First Quarter 2021 Financial Results Conference Call for Coeur Mining. [Operator Instructions]
I d now like to turn the conference over to Mr. Paul DePartout, Director of Investor Relations. Please go ahead.
Paul DePartout
Director, Investor Relations
Thank you, and good morning. Welcome to Coeur Mining s first quarter earnings conference call. Our results were released after yesterday s market close. And a copy of the press release and slides are available on our website. I would like to remind everyone that our press release, slides and some of our comments today include forward-looking statements from which actual results may differ. Please review the cautionary statements included in our press release and presentation, as well as the risk factors described in our first quarter 10-Q and 2020 10-K.