Record Production Boosts Coeur Profits

Wed., March 6, 1996

Compiled From Wire Services

Record gold production returned Coeur d’Alene Mines Corp. to profitability in 1995.

The improved results came despite continued losses in the fourth quarter. Coeur lost $1.1 million, or 7 cents per share, in the last three months of 1995, compared with a loss of $1.7 million, or 11 cents a share, for the same period in 1994.

For the year, Coeur made $1.2 million, or 7 cents a share. That compares with a 1994 loss of $3.9 million, or 26 cents a share.

Coeur mines produced 167,985 ounces of gold, easily beating the company’s previous record of 129,239 ounces set in 1994.

The company also enjoyed increased silver production in 1995, reporting a 16 percent increase from 1994. , DataTimes

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Record Production Boosts Coeur Profits

Jesse Tinsley

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