May 11, 2010 in Business

Coeur d’Alene Mines Corp. Metals miner

 
Stock symbol: CDE
Reporting period: 1Q

Earnings:

Loss of $8 million

(10 cents per share)

Versus 1Q 2009:

Profit of $6.1 million

10 cents per share
Revenue: $87.5 million, a 94 percent gain from 1Q 2009.
Analysis:  Company officials said that depreciation and depletion costs of $28 million negatively affected first quarter earnings. The Kensington gold mine in Alaska remains on track to open in July.


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