Dallas, Texas 04/10/2014 (FINANCIALSTRENDS) – Chicago based silver mining firm Coeur Mining Inc (NYSE:CDE) provided a preview into its 1Q14 production data on 7th April. Its preliminary data pegs production for the quarter at 58,836 ounces of gold and 4.1 million ounces of its primary focus silver. Collectively, this adds up to production of 7.6 million silver ounces equivalent for the quarter.
Strong Start To 2014 Operations
Sounding cautiously optimistic about the full year operations after a solid start to the year, Coeur Mining Inc (NYSE:CDE) President and Chief Executive Officer Mitchell Krebs has been quoted to have said that, “Our first quarter operational performance represents a solid start to the year. In particular, we are pleased with the progress at our Rochester mine, where daily silver production rates have exceeded 13,000 ounces in early April. We anticipate higher silver and gold production levels from Rochester in each successive quarter during the remainder of 2014”.
Providing a buoyant outlook for 2014 operations, Mr Krebs goes on to highlight that with all their four mines in peak production mode, coupled with cost cutting initiatives starting to yield desired results, the firm can look at a increased liquidity and margins position in 2014, especially since no new capitally cost intensive projects are slated to be taken up this year.
First Quarter Results Announcement Date Fixed
The mid capped mining firm has fixed 7th May as the day on which it will announce its fully audited first quarter results and has scheduled an earnings call on 8th May to discuss the results highlights in which its top executives like CEO and President will participate and take questions from the analysts.
Coeur Mining Inc (NYSE:CDE) is one of the biggest silver producers in U.S and has a employee base of 2000. It has its production mines in Nevada, Alaska and San Bartolome and mining interests in Australia and Mexico.