Coeur Mining, Inc.’s (“Coeur” or the “Company”) (NYSE: CDE)(TSX: CDM) Senior Vice President and Chief Financial Officer, Peter Mitchell, will present at the Bank of America Merrill Lynch Canada Mining Conference at the Sheraton Centre Toronto Hotel on September 12, 2013 at approximately 3:15 p.m. Eastern time. A PDF of the slide presentation will be posted on the Company’s website www.coeur.com. Highlights of Mr. Mitchell’s presentation include:
- Coeur’s second quarter 2013 financial results and full-year guidance.
- The Company’s strategic goals, including achieving greater operational consistency and maximizing net cash flow from operations.
- Coeur’s hedging strategy. The Company has proactively hedged its downside metal price exposure on approximately 25% and 35% of its forecasted silver and gold production, respectively, for the fourth quarter 2013 in response to ongoing silver and gold price volatility. The mid-August increase in silver and gold prices allowed the Company to purchase put options at $17.00/oz of silver and $1,200/oz of gold at attractive market terms. This hedging structure is designed to maintain upside leverage to precious metal prices and protect Coeur’s stockholders in the event of a short-term drop in metal prices.