For The Fourth Quarter, Coeur Wound Up Producing 3.9 Million Ounces Of Silver And 102,500 Ounces Of Gold, Which Works Out To 10 Million Total Silver Equivalent Ounces (seo).

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Image source: Getty Images. For the fourth quarter, Coeur wound up producing 3.9 million ounces of silver and 102,500 ounces of gold, which works out to 10 million total silver equivalent ounces (SEO). For the full year, production totaled 14.8 million ounces of silver and 358,170 ounces of gold. The company's own guidance had called for 14.4 million to 15.7 million ounces of silver (so it was right in line), but just 333,000 to 355,000 ounces of gold, meaning it beat its guidance. Much of the credit for that goes to the company's Wharf mine in South Dakota, which produced 110,927 gold equivalent ounces (GEO) in 2016, up from 79,061 GEO in 2015. Looking ahead, Coeur Mining anticipates production of 16.4 million to 18 million ounces of silver and 362,000 to 387,000 ounces of gold in 2017. Figured in SEO, this represents a 9% increase at check this out the midpoint from its 2016 production levels. Secondly, Coeur Mining announced on Jan. 17 that it would be selling its Joaquin Project, located inArgentina's southern Santa Cruz province, to Pan American Silver (NASDAQ: PAAS). The deal nets Coeur $15 million in upfront cash and $10 million in Pan American Silver stock, as well as a 2% net smelter returns royalty.

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