Coeur d'Alene Mines Corp.'s (CDE) first-quarter net income surged to $12.27 million, or $0.14 a share, from $3.98 million, or $0.04 a share, last year. On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.22 for the quarter. Analysts' estimates typically exclude one-time items.
However, the company reported lower metal sales of $171.8 million, compared with the prior-year figure of $204.56 million, due to lower metal prices and fewer silver ounces sold, which was partially offset by more gold ounces sold. Analysts estimated revenues of $211.37 million for the quarter.
Additionally, the company reaffirmed its 2013 full-year production guidance of 18.0 million ounces - 19.5 million ounces of silver and 250,000 - 265,000 ounces of gold.
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