How Coeur Mining, Inc. Makes Most of Its Money
Coeur Mining (NYSE: CDE) is a diversified gold and silver producer that operates five mines across North and South America. However, while the company expects those mines to produce between 37.8 million to 40.7 million silver equivalent ounces this year, gold will make up 58% of that output, while silver accounts for the other 42%. Given that split, gold is where the company makes most of its money, even though it still reports many metrics in silver equivalents. Here's a closer look at why that's the case -- and if gold will continue to shine for Coeur in the future.
Last quarter, gold accounted for 60% of Coeur's revenue, which was down from 62% during the first quarter due to lower production. One of the reasons gold is the company's biggest money maker is that four out of its five mines produce that precious metal, two of which do so exclusively.
Image source: Getty Images.
Source: Fool.com
