Coeur Mining reports Q4 production 1.3M oz of silver, 19,847 oz of gold

The company states: “Fourth quarter production reached record levels of approximately 1.3 million ounces of silver and 19,847 ounces of gold, which represented quarter-over-quarter increases of 120% and 345% and year-over-year increases of 38% and 71%, respectively. These materially higher production levels were driven by the initial surge of ounces produced from the new Stage 6 leach pad and new Merrill-Crowe process plant, which began delivering silver and gold ounces late in the third quarter of 2023. Commissioning of the new three-stage crushing circuit is progressing after the successful feed of initial material through the primary crusher during the fourth quarter of last year and through the secondary crushers and truck loadout facility during January 2024. Commissioning of the pre-screen and tertiary crushers is expected to be completed in the current quarter. Ramp-up activities at Rochester are anticipated to be completed during the first half of 2024. Once operating at full capacity, throughput levels are expected to average 32 million tons per year, which is approximately 2.5 times higher than historical levels, making Rochester one of the world’s largest open pit heap leach operations. In addition, work on dismantling the legacy X-Pit crushing system commenced in the fourth quarter of 2023 with the primary and secondary crushers now fully disassembled and the remainder of the system to be completed throughout the first half of 2024 to allow for access to higher-grade ore that is now being mined.”