Press release from Business Wire
Coeur to Present at Barclays High Yield Conference in Chicago
Monday, May 20, 2013
Coeur to Present at Barclays High Yield Conference in Chicago08:30 EDT Monday, May 20, 2013
COEUR D'ALENE, Idaho (Business Wire) -- Coeur Mining, Inc.'s (NYSE:CDE)(TSX:CDM) President and Chief Executive Officer Mitchell J. Krebs will present at the Barclays High Yield and Syndicated Loan Conference at the JW Marriott Chicago at 9:30 a.m. Central time (10:30 a.m. Eastern time) on May 22, 2013. There will be a webcast link to the presentation available on the Company's website at www.coeur.com. A PDF of the slide presentation will be posted that morning prior to the webcast.
Highlights of Mr. Krebs' presentation include:
- Reaffirming the Company's 2013 production guidance of 18.0 – 19.5 million ounces of silver and 250,000 – 265,000 ounces of gold. Cash operating costs per ounce of silver are expected to be $9.50 – $10.50 for the full year, using a gold by-product price assumption of $1,500 for the last nine months of 2013. Kensington's cash operating costs per ounce of gold for 2013 are expected to be $900-$950.
- Reviewing the recently acquired La Preciosa project in Mexico, which is one of the largest undeveloped silver deposits in the world.
- Reiterating the Company's strategic goals and focus, including building a foundation of operational consistency and improving efficiency at Coeur's four mines in the Americas.
The Barclays High Yield Bond and Syndicated Loan Conference is an invitation-only conference for fund and portfolio managers, institutional investors and analysts and features presentations by executive management from a variety of industries.
Coeur Mining, Inc. is the largest U.S.-based primary silver producer and a growing gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. Coeur has a non-operating interest in the Endeavor silver-gold mine in Australia. The Company has two feasibility stage projects, the Joaquin silver project in Argentina and the La Preciosa silver-gold project in Mexico. In addition, Coeur conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The Company owns strategic investment positions in eight silver and gold development companies with projects in North and South America.
This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding anticipated operating results, production levels, operating costs and assumed gold prices for the remainder of 2013. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold and silver, the uncertainties inherent in Coeur's production, exploratory and developmental activities, including risks relating to permitting and regulatory delays and disputed mining claims, any future labor disputes or work stoppages, changes that could result from Coeur's future acquisition of new mining properties or businesses, reliance on third parties to operate certain mines where Coeur owns silver production and reserves, the loss of any third-party smelter to which Coeur markets silver and gold, the effects of environmental and other governmental regulations, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur's ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur's most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.
Coeur Mining, Inc.
Wendy Yang, Vice President, Investor Relations
Stefany Bales, Director, Corporate Communications