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San Bartolome in Final Stages of Startup, Fueling Nearly 40% Growth to 16 Million Ounces in 2008: Coeur Reports First Quarter Results
Monday May 12, 9:00 am ET
HIGHLIGHTS
-- San Bartolome in final stages of startup- six million ounces of silver expected this year
-- 13% increase in revenues from last year's first quarter
-- Low companywide cash costs of $2.52 per ounce - a 43% reduction compared to 1Q 2007
-- First quarter production of 2.4 million ounces of silver and 16,600 ounces of gold
-- Palmarejo remains on schedule and on budget - feasibility study to be completed next month
-- Cerro Bayo operating performance rebounding ahead of schedule
-- $298.7 million of cash, equivalents and short-term investments as of March 31st
-- Maintaining full-year production guidance of approximately 16 million ounces of silver - nearly 40% higher than last year