Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The Company’s common stock is traded on the New York Stock Exchange under the ticker symbol CDE.
On February 15, 2021, there were 243,575,442 outstanding shares of the Company’s common stock which were held by approximately 1,251 stockholders of record.
In October 2017, the Company acquired the Silvertip mine from shareholders (the “JDS Silver Shareholders”) of JDS Silver Holdings Ltd. (“JDS Silver”) by acquiring all of the issued and outstanding common shares of JDS Silver. The consideration for the Silvertip mine included two contingent payments of $25.0 million each, payable in cash and shares of the Company’s common stock upon reaching a future permitting milestone and resource declaration milestone, respectively. On November 27, 2019, the Company issued approximately 952,904 shares of common stock (the “Permit Milestone Shares”) to the JDS Silver Shareholders in respect of the permitting milestone, which was achieved during the fourth quarter. On January 30, 2020, the Company issued 878,033 shares of common stock (the “Resource Milestone Shares” and, together with the Permit Milestone Shares, the “Contingent Shares”) to the JDS Silver Shareholders in respect of the resource declaration milestone. As previously disclosed, the issuances of the Contingent Shares to the JDS Silver Shareholders were made pursuant to a Plan of Arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia), and the Plan of Arrangement was approved by the Supreme Court of British Columbia on October 16, 2017. The issuances of the Contingent Shares were exempt from the registration requirements under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 3(a)(10) thereof.
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STOCK PERFORMANCE CHART
COMPARISON OF CUMULATIVE TOTAL RETURN
AMONG COEUR MINING, S&P 500 INDEX AND PEER GROUP INDEX
The following performance graph compares the performance of the Company’s common stock during the period beginning December 31, 2015 and ending December 31, 2020 to the S&P 500 and a Peer Group Index consisting of the following companies: Agnico-Eagle Mines Limited, Alamos Gold Inc., B2Gold Corp., Centerra Gold Inc., Eldorado Gold Corporation, First Majestic Silver Corp., Hecla Mining Company, Hochschild Mining plc, IAMGOLD Corporation, New Gold, Inc., OceanaGold Corporation, Pan American Silver Corporation, Royal Gold, Inc., SSR Mining Inc., Tahoe Resources Inc., and Yamana Gold Inc. (“Peer Group”). The Company formerly included Detour Gold Corporation (“Detour”) in the Peer Group. Detour was acquired in 2020 by a company that is not part of the Company’s Peer Group.
The graph assumes a $100 investment in the Company's common stock and in each of the indexes at the beginning of the period, and a reinvestment of dividends paid on such investments throughout the five-year period.
Dec.
2015 Dec.
2016 Dec.
2017 Dec.
2018 Dec.
2019 Dec.
2020
Coeur Mining 100.0 366.53 302.42 180.24 325.81 417.34
S&P 500 Index 100.0 111.96 136.40 130.42 171.49 203.04
Peer Group 100.0 168.24 196.20 176.20 273.79 339.28
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Item 6. Selected Financial Data
The following selected consolidated financial data should be read in conjunction with the Consolidated Financial Statements and accompanying notes.
Year ended December 31,
In thousands except share data 2020 2019 2018 2017 2016
Revenue $ 785,461 $ 711,502 $ 625,904 $ 709,598 $ 571,897
Costs applicable to sales 440,335 551,181 440,950 440,260 335,375
Income (loss) from continuing operations 25,627 (346,896) (48,955) 10,925 22,435
Income (loss) from discontinued operations — 5,693 550 (12,244) 32,917
Net income (loss) $ 25,627 $ (341,203) $ (48,405) $ (1,319) $ 55,352
Basic income (loss) per share:
Income (loss) from continuing operations $ 0.11 $ (1.59) $ (0.26) $ 0.06 $ 0.14
Income (loss) from discontinued operations $ — $ 0.03 $ — $ (0.07) $ 0.21
Basic $ 0.11 $ (1.56) $ (0.26) $ (0.01) $ 0.35
Diluted income (loss) per share:
Income (loss) from continuing operations $ 0.11 $ (1.59) $ (0.26) $ 0.06 $ 0.14
Income (loss) from discontinued operations $ — $ 0.03 $ — $ (0.07) $ 0.20
Diluted $ 0.11 $ (1.56) $ (0.26) $ (0.01) $ 0.34
At December 31,
In thousands 2020 2019 2018 2017 2016
Total assets $ 1,403,977 $ 1,378,636 $ 1,712,500 $ 1,701,175 $ 1,318,909
Reclamation and mine closure liabilities $ 139,274 $ 136,531 $ 135,546 $ 120,832 $ 88,701
Debt, including current portion $ 275,501 $ 295,497 $ 458,826 $ 411,322 $ 210,637
Stockholders’ equity $ 693,479 $ 667,004 $ 852,512 $ 814,977 $ 768,487
During 2019, the Company adopted ASU No. 2016-02, Leases. Prior year amounts reflected in the table above have not been adjusted and continue to be reflected in accordance with the Company’s historical accounting. Refer to Note 11 -- Leases in the notes to the Consolidated Financial Statements for additional detail.
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