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.