Coeur Mining, Inc. is a large primary silver producer with growing gold production with assets in the United States, Mexico, Bolivia, Argentina and Australia. Coeur also owns strategic minority shareholdings in eight silver and gold development companies in North and South America. The Palmarejo mine in Mexico, San Bartolomé mine in Bolivia and Rochester mine in Nevada all produce silver and gold in doré form. Coeur’s Kensington gold mine in Alaska produces gold concentrate and the Endeavor mine in Australia produces a concentrate that contains silver. The Company refines its precious metals doré and concentrates using a geographically diverse group of third party smelters and refiners, including clients located in Mexico, Switzerland, Australia, Germany, China and the United States. Coeur markets its doré to credit-worthy bullion trading houses, market-makers and members of the London Bullion Market Association, industrial companies and sound financial institutions. The refined metals are sold to end-users for use in electronic circuitry, jewelry, silverware and the pharmaceutical and technology industries.
In 2013, Coeur expects to produce between 18.0 and 19.5 million ounces of silver and between 250,000 and 265,000 ounces of gold. Cash operating costs2 are expected to be approximately $8.00 - $9.00 per silver ounce, assuming a gold by-product price of $1,650 per ounce. Kensington's cash operating costs2 are estimated to be $900-$950 per gold ounce.