Coeur Takes $1.5-billion Non-cash Impairment Charge in Q4

Coeur Mining Inc. (TSX:CDM,NYSE:CDE) released its results for the fourth quarter of 2014, as well as the year as a whole, noting that full-year revenue came to $635.7 million. Quarterly revenue came in at $140.6 million.

Other Q4 highlights include:

• Silver production was 4.3 million ounces and gold production was 64,534 ounces, or 8.2 million silver equivalent ounces as previously announced on January 15, 2015
• Adjusted all-in sustaining costs were $19.25 per silver equivalent ounce
• Adjusted costs applicable to sales per silver equivalent ounce were $14.43
• Costs applicable to sales per gold ounce at Kensington were $845, the lowest level in a year
• Announced acquisition of Paramount, which is expected to close in the second quarter
• Non-cash impairment charge of $1.5 billion ($1.0 billion net of tax) was recorded to reflect the current pricing environment

Click here to read the full Coeur Mining Inc. (TSX:CDM,NYSE:CDE) press release.