CHICAGO – Coeur Mining, Inc. (NYSE:CDE), a company specializing in gold and silver mining, announced the immediate resignation of its director, Robert Krcmarov, on Monday. The resignation was disclosed in a recent 8-K filing with the U.S. Securities and Exchange Commission.
Krcmarov, who served on the board of the Chicago-based mining firm, stepped down to accept a professional opportunity that precludes him from continuing on external boards. According to the filing, his departure is not due to any disagreements with the company's operations, policies, or practices.
The news comes amid a period of significant movements within the mining sector, though the filing did not elaborate on any potential replacement or the implications of Krcmarov's resignation for Coeur Mining's governance structure.
Coeur Mining, with its principal executive offices located at 200 South Wacker Drive, Suite 2100, Chicago, Illinois, is incorporated in Delaware and has a history dating back to its former name, Coeur d'Alene Mines Corp, which changed in 1992.
The company, which ends its fiscal year on December 31, is publicly traded and listed on the New York Stock Exchange under the ticker symbol CDE. As per the filing, there is no indication that Krcmarov's resignation has affected Coeur Mining's financial position or market performance.
InvestingPro Insights
As Coeur Mining, Inc. navigates through the recent changes in its board, investors are keenly observing the company's financial health and market performance. According to InvestingPro data, Coeur Mining currently holds a market capitalization of approximately $2.75 billion. Despite not being profitable over the last twelve months, the company has witnessed a substantial revenue growth of 17.7% during the same period, indicating potential for future profitability as analysts have predicted.
InvestingPro Tips suggest that Coeur Mining's stock price has been quite volatile, yet it has shown a strong return over the last year, with a 204.05% increase in the one-year price total return. Furthermore, the company's stock is trading near its 52-week high, at 93.23% of the peak value. These metrics highlight a notable investor confidence in the company's prospects, despite the absence of dividend payments to shareholders. For those interested in deeper analysis, there are over 10 additional InvestingPro Tips available for Coeur Mining at Investing.com/pro/CDE.
The company's robust EBITDA growth of 142.87% in the last twelve months signals strong operational efficiency, which could be a key factor in its strategic direction following the board transition. As stakeholders look forward, these insights may prove valuable in assessing the company's governance and financial trajectory in the wake of recent events.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.