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Article: Coeur's New Mines Lead to Record Production and Revenue Aided by Continued Strong Silver and Gold Prices.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) announced record silver production of 5.2 million ounces during the third quarter of 2009. This record production represents an 86% increase compared to last year's third quarter and was driven by Coeur's two new large, long-life mines - San Bartolome in Bolivia and Palmarejo in Mexico - which combined for a total of 3.4 million ounces of silver production, or 65% of the Company's total silver production, during the third quarter. Gold production also increased dramatically due to the continued ramp-up of production at Palmarejo, which produced 24,289 ounces during the quarter.
The Company also ...