Coeur Reports Third Quarter 2017 Production and Sales Results

Coeur Mining (the “Company” or “Coeur”) (NYSE: CDE) today announced third quarter production of 9.5 million silver equivalent1 ounces, comprised of 4.0 million silver ounces and 93,293 gold ounces.

Third quarter silver equivalent1 production increased 7% quarter-over-quarter and 10% year-over-year. Higher quarter-over-quarter silver equivalent1 production was driven by a 13% increase in gold production while higher year-over-year silver equivalent1 production was due to a 10% increase in gold production and an 11% increase in silver production.

Metal sales of 3.8 million ounces of silver and 89,972 ounces of gold, or 9.2 million silver equivalent1 ounces, were in-line with third quarter production.

Highlights

  • Silver equivalent production increased 25% quarter-over-quarter and 89% year-over-year to 3.6 million ounces
  • Average mining rates during the quarter were up 22%, achieving the year-end target of 4,500 tons per day one quarter early. This was driven by higher-than-budgeted mining rates at Independencia, which increased approximately 70% quarter-over-quarter to over 1,800 tons per day
  • The average silver grade increased 11% as a result of mining higher grade stopes in the Independencia deposit that became accessible following the installation of additional ground support during the prior quarter

Click here to read the full text release. 

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