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Coeur Mining maintains full-year guidance despite lower Q3 production

Oct. 10, 2018 9:14 AM ETCoeur Mining, Inc. (CDE) StockBy: Carl Surran, SA News Editor3 Comments
  • Coeur Mining (NYSE:CDE) +3% pre-market after reporting lower Q3 production results of 8.5M silver equiv. oz. but maintaining guidance for the full year.
  • Q3 production came in lower than the 9.1M silver equiv. oz. reported in Q2 and 8.6M silver equiv. oz. in the year-ago Q3.
  • But CDE says it still expects to meet FY 2018 guidance of 36.1M-39.5M silver equiv. oz., consisting of 13M-14.3M oz. of silver, 363K-382K oz. of gold, 13M-23M lbs. of zinc and 11M-18M lbs. of lead.
  • CDE says silver equiv. production at its Palmarejo mine in Mexico totaled 3.2M oz. in Q3, vs. 4.7M oz. in Q2 and 4.1M oz. in the prior-year quarter. hurt by the temporary suspension of mining activities relating to fatalities, supply chain disruptions from road blockades and weather-related interruptions.

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