November 7, 2012 in Business

Coeur d’Alene Mines Corp.

Precious metals miner
 
Stock symbol: CDE
Reporting period:

3Q 2012

Earnings:

Loss of $15.8 million,

18 cents per share

 

Versus 3Q 2011:

Profit of $31 million,

35 cents per share

Revenue: $230.6 million, compared to $343.6 million in 3Q 2011.
Analysis: The quarter suffered from lower production and higher unit costs at the company’s Palmarejo mine in Mexico, said Mitchell Krebs, president and CEO. The company expects production this year to total 18.5 million to 19 million ounces of silver and 215,000 to 225,000 ounces of gold.

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