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Coeur Reports Second Quarter 2017 Production and Sales Results
Coeur Mining (the “Company” or “Coeur”) (NYSE: CDE) today announced second quarter production of 4.0 million ounces of silver and 82,819 ounces of gold, or 8.9 million silver equivalent1 ounces. Metal sales for the quarter were 4.1 million ounces of silver and 86,194 ounces of gold, or 9.3 million silver equivalent1 ounces. Average mining rates …
Coeur Mining (the “Company” or “Coeur”) (NYSE: CDE) today announced second quarter production of 4.0 million ounces of silver and 82,819 ounces of gold, or 8.9 million silver equivalent1 ounces. Metal sales for the quarter were 4.1 million ounces of silver and 86,194 ounces of gold, or 9.3 million silver equivalent1 ounces.
- Average mining rates at Guadalupe remained flat at 2,600 tons per day during the second quarter compared to the first quarter, while average mining rates at Independencia decreased from 1,225 tons per day to 1,090 tons per day during the second quarter due to additional ground support measures that were required during April and May
- Silver production of 1.5 million ounces was 11% higher and gold production of 24,292 ounces rose 30% year-over-year; quarter-over-quarter, silver production declined 5%, while gold production decreased 21% as a result of lower mining rates and a slightly lower average gold grade
- Silver and gold sales of 1.5 million ounces and 25,191 ounces, respectively, were in-line with second quarter production levels but lower than first quarter sales, which benefited from a reduction in inventory carried over from the fourth quarter of 2016
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