Coeur Mining(US:CDE)2023-08-10 15:22Financial Performance & Guidance - Coeur's Q2 2023 metal sales included 67,090 ounces of gold and 2.3 million ounces of silver[127] - The company reaffirmed its silver production guidance and updated its gold production guidance for 2023[137] - Coeur maintained balance sheet flexibility with $415 million of potential liquidity[137, 195] - The company expects 2023 Palmarejo (co-product) gold costs to be $900-$1,050/oz and silver costs to be $1425-$1525/oz[201] - The company expects 2023 Kensington gold costs to be $1,650-$1,750/oz[201] - The company expects 2023 Wharf (by-product) gold costs to be $1,200-$1,350/oz[201] Rochester Expansion - The Rochester expansion project was ~97% complete as of July 31, 2023, with construction scheduled to be completed in Q3 2023[125, 151] - The Rochester expansion is expected to increase the mining rate from 65 ktpd to 155 ktpd by the end of 2024[167] Reserves and Resources (as of December 31, 2022) - Proven and Probable Reserves totaled 473,103,000 short tons with 3,077,000 ounces of gold and 238,236,000 ounces of silver[390] - Measured and Indicated Resources totaled 188,092,000 short tons with 3,094,000 ounces of gold and 181,897,000 ounces of silver[358] - Inferred Resources totaled 189,800,000 short tons with 1,820,000 ounces of gold and 85,375,000 ounces of silver[420]