COEUR D ALENE CP(NYSE: CDE) After Hours: 0.7990 0.0390 (5.13%) 7:17PM EThelp Last Trade: 0.76 Trade Time: Feb 27 Change: 0.06 (8.57%) Prev Close: 0.70 Open: 0.73 Bid: N/A Ask: N/A 1y Target Est: 1.31 Day's Range: 0.73 - 0.79 52wk Range: 0.36 - 5.18 Volume: 6,625,101 Avg Vol (3m): 9,500,680 Market Cap: 419.01M P/E (ttm): 38.00 x EPS (ttm): 0.02 Div & Yield: N/A (N COEUR REPORTS 2008 RESULTS AND 2009 OUTLOOK: RECORD YEAR-END RESERVES; NOTABLE INCREASE EXPECTED IN 2009 PRODUCTION AND CASH FLOW FROM TWO NEW SILVER MINES
Fourth Quarter Highlights:
New San Bartolomé mine, the world’s largest pure silver mine, performed at design capacity, resulting in cash operating costs of $6.48 per ounce1. 28% increase in silver production to 4.0 million ounces. Cash operating costs of $5.60 per silver ounce. Net income of $4.3 million, or $0.01 per share. General and administrative costs declined 22%, reflecting the results of ongoing cost reductions. 2008 Highlights:
2008 silver production of 12.0 million ounces. Cash operating costs of $4.75 per silver ounce. Operating cash flow2 of $11.6 million. San Bartolomé commenced silver production in June. Record year-end reserve levels of 248 million ounces of silver and 2.3 million ounces of gold representing 15% and 54% increases, respectively. 2009 Outlook:
2009 silver production expected to jump 66% to approximately 20.0 million ounces while gold production projected to increase 85% to approximately 85,000 ounces. $4.25 per silver ounce projected cash operating costs. Cash, equivalents and short-term investments of approximately $100 million as of January 31, 2009. 2009 operating cash flow forecast to be approximately $100 million. Remaining companywide capital expenditures projected to be $65 million in 20093. Palmarejo (Mexico) to begin production in March as scheduled. San Bartolomé expected to produce 9 million ounces at average cash operating costs of $6.50 per silver ounce.
CXC Price at posting:
$11.50 Sentiment: None Disclosure: Held
