Business
Coeur Mining Reports Fourth Quarter and Full-Year 2019 Production and Sales Results
CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (the "Company" or "Coeur") (NYSE: CDE) today announced fourth quarter 2019 production of 94,716 ounces of gold, 3.2
About this update from Coeur Mining, Inc.
[{"type":"text","content":"CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (the \"Company\" or \"Coeur\") (NYSE: CDE) today announced fourth quarter 2019 production of 94,716 ounces of gold, 3.2 million ounces of silver, 3.9 million pounds of zinc and 4.0 million pounds of lead. Full-year 2019 production totaled 359,418 ounces of gold, 11.7 million ounces of silver, 17.1 million pounds of zinc and 16.6 million pounds of lead. Metal sales for the fourth quarter included 95,532 ounces of gold, 3.2 million ounces of silver, 4.1 million pounds of zinc and 4.2 million pounds of lead. For the full year, metal sales totaled 367,650 ounces of gold, 11.9 million ounces of silver, 18.2 million pounds of zinc and 16.5 million pounds of lead. The Company expects to issue full-year 2020 production and cost guidance in conjunction with the release of its fourth quarter and full-year 2019 financial results on February 19, 2020. Quarterly Production Results \"Coeur's operations delivered solid gold production in 2019, highlighted by a strong second half of the year,\" said Mitchell J. Krebs, Coeur's President and Chief Executive Officer. \"Palmarejo was our best performing operation last year, while Kensington's gold production increased 12% year-over-year. Wharf's gold production was 58% higher in the second half of 2019 compared to the first half, leading to a 10% year-over-year production increase.\" \"Rochester's fourth quarter gold production was 35% higher than the prior quarter, but lower crushing rates led to full-year silver and gold production below expectations,\" continued Mr. Krebs. \"Importantly, we continue to see encouraging results that support the investment in high-pressure grinding roll (\"HPGR\") technology to accelerate silver recovery rates and enhance the mine's overall economics.\" \"At our Silvertip operation, we continued to execute our plans to improve mill availability and further stabilize the operation during the fourth quarter. Although fourth quarter results were below expectations, we have begun to see tangible results from these efforts and remain confident in the long-term potential of this high-grade and highly prospective deposit.\" \"Looking ahead to 2020, our key priorities are to advance our efforts to further expand Rochester, continue to stabilize and begin to optimize our Silvertip operation, invest in exploration at our most pros...