Coeur Mining confirms FY24 silver and gold production ranges

Coeur Mining provided an operational update at the expanded Rochester silver-gold mine in Nevada, including positive throughput trends and significant progress on reducing overall crushing size. …For the month of August, approximately 2.7M tons were placed on the new Stage VI leach pad, representing a 39% increase over July placement levels. Rochester remains on-track to place 7.0 – 8.0 M tons per quarter during the second half of 2024 and to achieve its full-year 2024 production guidance of 4.8 – 6.6 million ounces of silver and 37,000 – 50,000 ounces of gold. …”In just six months since first processing ore through the newly-expanded operation, the Rochester team continues to meet or exceed expectations across a number of key performance metrics, which is expected to be a key catalyst for generating Companywide positive free cash flow during the second half of the year,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer. “With crushing and placement rates consistently achieving nameplate capacity, the focus over the remainder of 2024 is on continuing to reduce the material crush size to achieve optimum recovery rates as we head into 2025. Additionally, recent exploration success within the current mining footprint continues to provide higher-grade upside potential to the current mine plan and positions Rochester for sustained success over a long expected mine life.”