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.

From other sites
Comments (1)
  • Brian58
    , contributor
    Comments (330) | Send Message
    Nice counter to yesterday's downgrade. Somebody is going to be proven wrong. (DB)
    8 Jul 2014, 05:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs