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Coeur Reports Third Quarter Production Results And Reaffirms Full-Year Production Guidance

Stocks in this article: CDE CDM

Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE:CDE, TSX:CDM) announced it produced 4.2 million ounces of silver and 63,763 ounces of gold during the third quarter of 2013. These production levels represent a decrease of 10% for silver and an increase of 5% for gold compared to the second quarter. Production at both Palmarejo and San Bartolomé were consistent with the second quarter. Kensington's gold production increased 25% over the second quarter of 2013 due to an increase in tons milled and higher gold grades. Rochester's production during the quarter was negatively impacted by the completion of several expansion-related projects, which are expected to lead to significantly higher production levels in the fourth quarter and next year.

Operational Highlights: Production

(silver ounces in thousands)     3Q 2013     2Q 2013     Quarter Variance
      Silver     Gold     Silver     Gold     Silver     Gold
Palmarejo 1,918     29,893     2,045     28,191    

(6

)%

    6 %
San Bartolomé 1,528 1,523 0 % n.a.
Rochester 580 4,821 844 9,404 (31 )% (49 )%
Kensington 29,049 23,162 n.a. 25 %
Endeavor     162         221          

(27

)%

    n.a.
Total     4,188     63,763     4,633       60,757     (10 )%     5 %

2013 Outlook

The Company reaffirmed its full-year 2013 consolidated production guidance of 18.0-19.1 million ounces of silver and 250,000-258,000 ounces of gold.

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