Coeur Mining reports "solid" Q1 output, reaffirms 2014 production guidance


Coeur Mining (CDE) reports Q1 production of 4.1M oz. of silver and ~58.8K oz. of gold, or 7.6M silver equiv. oz. - "a solid start to the year," CEO Mitchell Krebs says.

CDE says it expects higher silver and gold production at the Rochester mine during each successive quarter during the remainder of 2014; daily silver production rates have exceeded 13K oz. in early April.

Maintains FY 2014 production guidance of 17M-18.2M silver oz. and 220K-238K gold oz. (30.2M-32.4M silver equiv. oz.).

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Comments (2)
  • defrederik
    , contributor
    Comment (1) | Send Message
     
    I am not fully interested in production of silver and gold. Offcourse it's important to know what the capacity of the mines are but now I am more interested in the fact how CDE will manage the low price of silver. In my opinion, they should decrease their level of production, as all silver miners should do. As a consequence, the price of silver will go up and the revenu and the profit of the companies too... Please correct me if I'm wrong.
    8 Apr 2014, 05:20 AM Reply Like
  • connemara
    , contributor
    Comments (15) | Send Message
     
    The price of both silver/gold depends on JPM position at any one time since the have big time covers on both short/lone positions and have been letting cash in their short positions past year and a QT.The Dodd act was suppose to limited their positions but JPM is the FEDS laws are for theirs!
    14 Apr 2014, 01:23 PM Reply Like
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