Rochester (Nevada)
Coeur's 100% owned Rochester Rochester mine has produced more than 125 million ounces of silver and 1 million ounces of gold since production began in 1986.
• On-target to restart active mining activities next year, leading to at least six years of incremental production, averaging 30,000 ounces of gold and 2.5 million ounces of silver annually
• Expected production from resumption of active mining will be in addition to on-going leaching activities
• Project will make significant contribution to Nevada economy, creating nearly 200 new jobs
• 2010 production forecast increased to 2.0 million ounces silver along with 10,000 ounces of gold at an average cash cost of approximately $3.50 per silver ounce
Coeur expects to complete the permitting necessary for construction of facilities to restart active mining in the second half of 2010. To that end, the Bureau of Land Management (BLM) recently released a Preliminary Environmental Assessment (EA) analyzing the resumption of mining. The BLM is seeking public comment on the EA until August 23rd.
For a brief fact sheet on that EA, click here.
To review the EA, click here.
• Silver and gold mineral reserves at year-end totaled 25.9 million ounces of silver and 232,000 ounces of gold.
| Stage | Residual leaching/exploration |
| Location | Rochester, Nevada, USA |
| Type | Open Pit |
| Metals Produced | Silver and Gold |
| Product | Doré |
Historical Production Data
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | ||
| Tons under Leach | 8,976,000 | 9,327,000 | 10,399,000 | 5,061,000 |
|
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| Ag Grade (oz/t) | .74 | .91 | .74 | .65 | |||
| Au Grade (oz/t) | .009 | .010 | .010 | .006 | |||
| Recovery (Ag) | 61.5% | 67.5% | 65.9% | 141.4% | |||
| Recovery (Au) | 64.2% | 76.2% | 68.9% | 167.6% | |||
| Ag Production | 5,669,074 | 5,720,489 | 5,113,504 | 4,614,780 | 3,033,720 | 2,181,788 | |
| Au Production | 69,456 | 70,298 | 71,891 | 50,408 | 21,041 | 12,663 |
Historical Financial Data
| 2005 | 2006 | 2007 | 2008 | 2009 | |
| Net Revenues | $69,636,000 | $102,393,000 | $100,903,000 | $67,831,000 | $45,473,000 |
| Production Costs | $44,547,000 |
$47,310,000 |
$60,364,000 | $ 42,246,000 | $ 24,206,000 |
| Gross Profit | $25,089,000 |
$55,083,000 |
$40,539,000 | $ 25,585,000 | $ 21,267,000 |
| Gross Margin | 36.00% |
53.80% |
40.20% | 37.72% | 46.77% |
| EBITDA | $24,695,000 |
$55,083,000 |
$40,116,000 | $24,837,000 | $20,354,000 |
| Capital Expenditures | $1,197,000 | $1,225,000 | $1,647,000 | $635,000 | $310,000 |
| Cash Costs/Oz of Ag | $4.82 | $2.80 | $1.52 | ($0.03) | $2.58 |
