Coeur Reports Fourth Quarter and Full Year 2017 Production and Sales Results and Provides 2018 Production Guidance 

 

CHICAGO, IL - Coeur Mining, Inc. announced record fourth quarter silver equivalent production of 11.7 million ounces, consisting of 4.5 million ounces of silver and 119,114 ounces of gold. Silver equivalent production increased 23% quarter-over- quarter and 17% year-over-year. Silver production increased 15% quarter-over-quarter and 17% year-over- year, while gold production increased 28% and 16%. 

Full-year 2017 silver equivalent production, also the highest in Company history, totaled 39.4 million ounces, which was 9% higher compared to 2016. Full-year silver production was 16.4 million ounces, 11% higher than in 2016 and at the high-end of the Company's guidance of 15.3 - 16.6 million ounces. Full-year gold production was 383,444 ounces, 7% higher than in 2016 and in-line with Company guidance of 367,000 - 392,000 ounces. Production growth was driven primarily by the Palmarejo mine, where 2017 silver equivalent production increased 64% compared to 2016. 

In 2018, Coeur expects to produce 36.6 - 40.0 million silver equivalent ounces, consisting of 12.8 - 14.4 million ounces of silver, 355,000 - 375,000 ounces of gold, and 23.0 - 28.0 million pounds of both zinc and lead. Metal sales for the fourth quarter of 4.6 million ounces of silver and 123,675 ounces of gold, or 12.0 million silver equivalent ounces, were in-line with production. Full-year metal sales of 16.9 million ounces of silver and 410,715 ounces of gold, or 41.6 million silver equivalent ounces, reflects a reduction in inventory carried over from 2016.