Coeur Mining, Inc. Reports Fourth Quarter and Full Year 2016 Production Results; Provides 2017 Production Guidance
January 06, 2017 at 07:40 am IST
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Coeur Mining, Inc. reported production results for the fourth quarter and full year 2016. For the quarter, the company reported total tons milled of 287,569 compared to 301,274 a year ago. Silver production ounces were 1,269,000 compared to 1,126,000 a year ago. Gold production ounces were 23,906,000 compared to 14,326,000 a year ago.
For the full year 2016, the company reported total tons milled of 1,078,888 compared to 1,616,668 a year ago. Silver production ounces were 4,442,000 compared to 5,149,000 a year ago. Gold production ounces were 73,913,000 compared to 70,922,000 a year ago.
In 2017, the company expects to produce 16.4 - 18.0 million ounces of silver and 362,000 - 387,000 ounces of gold, or 38.1 - 41.2 million silver equivalent ounces, an increase of over 9% year-over-year based on the midpoint of the 2017 guidance range.
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. 
