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Coeur produces first silver and gold ounces at its Rochester expansion project

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(Kitco News) - Precious metals producer Coeur Mining (NYSE: CDE) today announced the achievement of several critical milestones at its major Rochester expansion project in Nevada, including the production of the first silver and gold ounces.

The company said that metal production from the new Stage VI leach pad and Merill-Crowe process plant leach began mid-month with initial doré expected to be poured today. Full ramp-up to commercial production is expected to be achieved in early 2024.

Importantly, Coeur added that with the primary gyratory crusher now installed, construction of the new three-stage crushing circuit is now substantially complete.

“Once fully ramped-up, throughput is expected to average 32 million tons per year, which is approximately 2.5x higher than historical levels, making Rochester one of the world’s largest open pit heap leach operations,” the company said in a press release.

The company’s Rochester mine is an open pit, heap leach silver-gold operation, located in Pershing County, Nevada. The largest expansion project in the mine’s history is underway, which will potentially extend Rochester’s mine life for 13 years.

Following a ramp-up period expected to last into early 2024, Rochester is expected to drive a step-change in the company’s overall production levels, cost profile, and cash flow.

Coeur Mining is a U.S.-based precious metals producer with four wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the company wholly-owns the Silvertip silver-zinc-lead exploration project in British Columbia.

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By

Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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