The Transaction is subject to a number of conditions which may delay its consummation and could result in additional expenditures of money and resources or reduce the anticipated benefits, or result in termination of the Arrangement Agreement and Coeur having to pay a termination fee.
Coeur and SilverCrest may be the targets of legal claims, securities class actions, derivative lawsuits and other claims and negative publicity related to the Transaction.
The issuance of a significant number of shares of Coeur common stock and a resulting "market overhang" could adversely affect the market price of our shares after completion of the Transaction.
Coeur is expected to incur significant transaction costs in connection with the Transaction, which may exceed those anticipated by Coeur.
The combined company may be unable to integrate the businesses of Coeur and SilverCrest successfully or realize the anticipated benefits of the Transaction.
SilverCrest’s public filings are subject to Canadian disclosure standards, which differ from SEC disclosure requirements.
The combined company will be an international company and will be exposed to political and social risks associated with its foreign operations.
The trading price and volume of Coeur common stock may be volatile following the Transaction.
The consummation of the Transaction may result in one or more ratings organizations taking actions which may adversely affect Coeur's business, financial condition and operating results, as well as the market price of our common stock.
The market price of our common stock may decline if large amounts of our common stock are sold following the Transaction and may be affected by factors different from those that historically have affected or currently affect the market price of our common stock.
The Las Chispas mine may become economically unfeasible.
The pendency of the Transaction may cause disruptions in our business, which could have an adverse effect on our business, financial condition or results of operations.
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
We are primarily a gold and silver producer with operating assets located in the United States and Mexico and an exploration project in Canada.
For the quarter, Coeur reported revenue of $313.5 million and cash provided by operating activities of $111.1 million. We reported GAAP net income of $48.7 million, or $0.12 per diluted share. On a non-GAAP adjusted basis1, the Company reported EBITDA of $126.0 million and net income of $47.2 million, or $0.12 per diluted share. For the nine months ended September 30, 2024, Coeur reported revenue of $748.6 million and cash provided by operating activities of $110.4 million. We reported GAAP net income of $21.0 million, or $0.05 per diluted share. On a non-GAAP adjusted basis1, the Company reported EBITDA of $222.8 million and net income of $24.7 million or $0.06 per diluted share.
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