Coeur Reports Fourth Quarter and Full Year 2017 Production and Sales Results; Provides 2018 Production Guidance
January 08, 2018 at 01:03 pm
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Coeur Mining, Inc. reported Production and Sales Results for the Fourth Quarter and Full Year 2017. For the quarter, the company announced the record fourth quarter silver equivalent production of 11.7 million ounces, consisting of 4.5 million ounces of silver and 119,114 ounces of gold. Silver equivalent production increased 23% quarter-over-quarter and 17% year-over-year. Silver production increased 15% quarter-over-quarter and 17% year-over-year, while gold production increased 28% and 16%.
For the Full-year 2017, silver equivalent production, totaled 39.4 million ounces, which was 9% higher compared to 2016. Full-year silver production was 16.4 million ounces, 11% higher than in 2016 and at the high-end of the company's guidance of 15.3 - 16.6 million ounces. Full-year gold production was 383,444 ounces, 7% higher than in 2016 and in-line with company guidance of 367,000 - 392,000 ounces.
For the full year of 2018, the company expects to produce 36.6 to 40.0 million silver equivalent ounces, consisting of 12.8 - 14.4 million ounces of silver, 355,000 - 375,000 ounces of gold, and 23.0 - 28.0 million pounds of both zinc and lead.
For the fourth quarter, the company's Metal sales were 4.6 million ounces of silver and 123,675 ounces of gold, or 12.0 million silver equivalent ounces, were in-line with production.
For the Full-year, the company's metal sales were 16.9 million ounces of silver and 410,715 ounces of gold, or 41.6 million silver equivalent ounces, reflects a reduction in inventory carried over from 2016.
Coeur Mining, Inc. is a precious metals producer. The Company has four wholly owned operations: the Palmarejo gold-silver complex, the Rochester silver-gold mine, the Kensington gold mine and the Wharf gold mine. The Palmarejo gold-silver complex is located approximately 260 miles southwest of Chihuahua, in the state of Chihuahua in Northern Mexico. The Rochester open pit heap leach silver-gold mine is located in northwestern Nevada, approximately 13 miles northeast of the city of Lovelock. The Kensington underground gold mine and associated milling facilities are located on the east side of the Lynn Canal about 45 miles north-northwest of Juneau, Alaska. The Wharf mine is located in the northern Black Hills of western South Dakota, approximately four miles southwest of the city of Lead, South Dakota. In addition, the Company wholly owns the Silvertip silver-zinc-lead exploration project in British Columbia. The Silvertip mine covers an area of approximately 40,904 hectares.
COEUR MINING, INC. 
