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Coeur Mining's Q3 silver equivalent output down YOY on Palmarejo suspension

Coeur Mining Inc.'s silver equivalent production in the third quarter dipped slightly to 8.5 million ounces from 8.6 million ounces last year, as the temporary suspension of its Palmarejo silver mine in Mexico pulled down the company's output for the period.

Two underground production drillers were killed in the mine in September following a ground collapse at the site. Supply chain disruptions caused by local road blockades and weather-related interruptions also negatively impacted production at Palmajero, whose silver equivalent production fell to 3.2 million ounces from 3.6 million ounces the prior year, the company said Oct. 9.

Coeur's overall silver production declined to 2.9 million ounces from 3.0 million ounces in the year-ago period, while gold output decreased to 88,833 ounces from 93,293 ounces last year. The company also produced 2.2 million pounds of zinc and 1.2 million pounds of lead in the September quarter.

Metal sales for the period stood at 8.5 million silver equivalent ounces, including 3.0 million ounces of silver, 89,609 ounces of gold, 1.8 million pounds of zinc and 1.6 million pounds of lead.