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Tuesday, 11/17/2009 9:41:43 AM

Tuesday, November 17, 2009 9:41:43 AM

Post# of 4492
However, losses on derivatives based on the Palmarejo gold royalty obligations, the Franco-Nevada warrant, put and call options, the gold lease facility and forex contracts cost the company $35.7 million in income during the third quarter.

Losses on derivative instruments for the first nine months of this year were $49.6 million, while interest expense was $12 million related to the gold lease facility, royalty obligations and other short-term borrowings.

In spite of an all-time high in revenue of $89.8 million during the quarter, a 146% increase over the third-quarter 2008, Coeur reported a net loss of $17.3 million or negative 23-cents per share, compared to a net loss of $4.6 million or negative 7-cents/sh for the third quarter of 2008.

For the first nine months of this year, Coeur reported a net income of $384,000 and one-cent per share, compared to a loss of $4.7 million or negative 9-cents/sh for the same period a year ago.
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