Coeur reports 15% quarter-on-quarter drop in silver equivalent output

Silver producer Coeur Mining has reported a 15% quarter-on-quarter drop in silver equivalent output during the three months ended March 31, stating the performance was in-line with expectations as a transition to lower-tonnage, higher-grade and higher-margin underground operations at Guadalupe and Independencia, remained on-track. During the first quarter, Coeur produced 1.8-million silver equivalent ounces, consisting of 933 000 oz of silver and 14 668 oz of gold, compared with 2.3-million silver equivalent ounces, comprised of 1.4-million ounces of silver and 15 495 oz of gold in the comparable period of 2015.