Coeur Mining (CDE) Misses Q4 EPS by 8c

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Coeur Reports Year-End 2016 Mineral Reserves and Resources

February 8, 2017 5:34 PM EST

CHICAGO--(BUSINESS WIRE)-- Coeur Mining, Inc. (Coeur or the Company) (NYSE: CDE) today announced year-end 2016 contained proven and probable mineral reserves of 328.5 million silver equivalent ounces (AgEqOz)1. This 9% year-over-year increase was primarily driven by successful resource conversion at Rochester. The Company also announced measured and indicated mineral resources of approximately 360.2 million AgEqOz1 and inferred mineral resources of 131.2 million AgEqOz1, representing a 13% decrease and 9% increase, respectively, compared to year-end 2015.

To determine year-end 2016 reserves, Coeur used a silver price of $17.50 per ounce and a gold price of $1,250 per ounce, which were the same price assumptions used to determine year-end 2015 reserves.... More