Coeur: Silver Production Rises, Gold Output Dips In 2018
Silver output last year was 12.95 million ounces, an 8% rise from the prior year, driven by strong performance at the Rochester and Palmarejo mines, Coeur said. Guidance was 13 million to 14.3 million ounces. Fourth-quarter production climbed 19% from the third quarter to 3.5 million ounces.
Full-year gold output eased 4% in 2018 to 367,728 ounces, although this was within guidance of 363,000 to 382,000 ounces. Production in the October-December period climbed 12% from the prior quarter to 99,460 ounces.
The company also produced 3.1 million ounces of zinc and 1.7 million pounds of lead in 2018. Silver-equivalent production for the full-year was listed at 35.6 million ounces.
The company said it plans to issue 2019 production and cost guidance with its fourth-quarter and full-year 2018 financial results on Feb. 20.