Coeur Mines reports 2013 silver production below guidance

Coeur Mining (CDE) announces Q4 production of 4.3M oz. of silver and 80,780 oz. of gold, Q/Q increases of 3% and 27% respectively; for FY 2013, CDE produced 17M oz. of silver and a record high 262,217 oz. of gold, a 6% decrease and an 18% increase of 16% Y/Y.

Full-year silver production was 5% below the low end of company guidance, mostly due to slower than expected leach recoveries at the Rochester mine in Nevada; gold output exceeded guidance due to a strong Q4 at the Kensington mine in Alaska and represented nearly half of CDE's estimated 2013 metal sales.

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  • notta lackey
    , contributor
    Comments (131) | Send Message
    This email says it was sent to 2991 people and I am the first comment. That says volumes about precious metals stock prices.
    16 Jan 2014, 06:05 PM Reply Like
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