Coeur d'Alene Mines Corp. (CDE, CDM.TO) reported that its first quarter of 2013 Companywide gold production of 56,913 ounces was 30% higher than the first quarter 2012 due to significantly higher production from the Company's Kensington and Rochester mines.
However, the Companywide silver production of 3.8 million ounces for the quarter was 22% lower than the first quarter 2012 due to lower grade ore processed from both open pit and underground operations at the Company's Palmarejo mine.
Metal sales were $178.6 million, down 13% compared with the first quarter 2012.
Average realized silver and gold prices were $30.61 per ounce and $1,630 per ounce, respectively, representing decreases of 6% and 4%, respectively, compared with the first quarter of 2012.
The company also reaffirmed its full year production guidance of 18.0-19.5 million ounces of silver and 250,000-265,000 ounces of gold in 2013. The company noted that it will report its full operating and financial results on May 9, 2013.
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