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Coeur Mining updates on Q2 production, Rochester hits seven-year high

  • Coeur Mining (CDE) reports preliminary Q2 production of 4.5M oz. of silver and ~61K oz. of gold, or 8.1M silver equiv. oz., a 7% Q/Q increase.
  • At CDE's Rochester mine in Nevada, silver production rose 48% and gold production gained 13% Q/Q, resulting in its highest quarterly silver equiv. production since Q3 2007; expects further growth in H2 2014 due to the continued ramp-up of production from the Stage III leach pad.
  • At Palmarejo in Mexico, CDE says lower processing rates, higher recoveries and higher grades were consistent with its strategy of transitioning the mine to a higher-margin, underground operation; expects further increases in recovery rates in H2 due to improved management of the sources of ore.
Comments (1)
  • Brian58
    , contributor
    Comments (112) | Send Message
     
    Nice counter to yesterday's downgrade. Somebody is going to be proven wrong. (DB)
    8 Jul, 05:58 PM Reply Like
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