Gold and silver production at Coeur Mining’s Palmarejo, Mexico, mining complex
yielded higher amounts of the precious metals during the second
quarter in 2017 compared to the same period in 2016.
Second quarter 2017 output, however, dropped from the operations’
first quarter 2017 precious metals production.
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The Palmarejo silver and gold complex spans 112,520 acres and
comprises the Palmarejo mine and mill; the Guadalupe underground mine,
located about eight kilometers southeast of the Palmarejo mine; the
Independencia underground mine, located approximately 800 meters
northeast of the Guadalupe underground mine; and other nearby deposits
and exploration targets. The Palmarejo complex is located in the state
2016 production from the complex totaled 4.4 million ounces of
silver and 79,813 ounces of gold, with “proven and probable” reserves
of 40.8 million ounces of silver and 592,000 ounces of gold.
During the second quarter of 2016, silver output reached 1,350,000
ounces and gold output reached 19,214 ounces. In the second quarter of
2017, silver output reached 1,484,000 ounces, while gold production
totaled 25,191 ounces.
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First quarter 2017 production results reached 1,965,000 ounces of
silver and 41,045 ounces of gold. Silver output during the first
quarter of 2017 was more than double fourth quarter 2016 results,
while gold production in the first quarter 2017 nearly tripled 2016’s
final quarter output.
Coeur Mining also operates gold and silver mining operations in
Rochester, Nev., and Wharf, S.D.; silver mining in San Bartolemé,
Bolivia; and gold mining in Kensington, Alaska.