Coeur d’Alene Mines backs 2013 production view

theflyonthewall.com

The company reaffirms its 2013 full-year production guidance of 18.0-19.5M ounces of silver and 250K-265K ounces of gold. Coeur's full-year cash operating cost1 guidance is being revised to $9.50-$10.50 per silver ounce (compared to previous guidance of $8.00-$9.00 per ounce) to reflect an assumed $1,500 per ounce gold price during the remainder of the year for by-product credits (compared to $1,650 per ounce used in prior guidance). Kensington's cash operating costs per gold ounce1 guidance remains unchanged at $900-$950.

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