egolinews.com

Coeur d’Alene Mines Corporation (CXC) reported an 86% rise in silver production during the third quarter of 2009 compared to the previous corresponding period to a record 5.2 million ounces. The company also reported a 222% increase in gold production to 29,000 ounces during the same period. Coeur d’Alene also reported record quarterly revenue of $89.8 million, a 146% increase over last year’s third quarter revenue, along with quarterly operating cash flow of $23 million compared to $1.2 million of operating cash flow during last year’s third quarter. Looking ahead, the company said it expects a 50% increase in silver production during 2009 and a 52% in gold production compared to the previous year.

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