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Coeur Reports Fourth Quarter and Full Year 2017 Production and Sales Results and Provides 2018 Production Guidance
Jan. 08, 2018 09:19AM PST
Silver Investing
Coeur Mining (the “Company” or “Coeur”) (NYSE: CDE) today announced record fourth quarter silver equivalent production of 11.7 million ounces, consisting of 4.5 million ounces of silver and 119,114 ounces of gold. Silver equivalent production increased 23% quarter-over-quarter and 17% year-over-year. Silver production increased 15% quarter-over-quarter and 17% year-over-year, while gold production increased 28% and 16%. …
Coeur Mining (the “Company” or “Coeur”) (NYSE: CDE) today announced record fourth quarter silver equivalent production of 11.7 million ounces, consisting of 4.5 million ounces of silver and 119,114 ounces of gold. Silver equivalent production increased 23% quarter-over-quarter and 17% year-over-year. Silver production increased 15% quarter-over-quarter and 17% year-over-year, while gold production increased 28% and 16%.
Full-year 2017 silver equivalent production, also the highest in Company history, totaled 39.4 million ounces, which was 9% higher compared to 2016. Full-year silver production was 16.4 million ounces, 11% higher than in 2016 and at the high-end of the Company’s guidance of 15.3 – 16.6 million ounces.
Full-year gold production was 383,444 ounces, 7% higher than in 2016 and in-line with Company guidance of 367,000 – 392,000 ounces. Production growth was driven primarily by the Palmarejo mine, where 2017 silver equivalent production increased 64% compared to 2016.