As the sun rises on Coeur Mining’s horizon, the company is making steady strides towards its operational targets at the Rochester mine. The goal is ambitious – to churn out 7 to 8 million tonnes per quarter by the second half of 2024, alongside hitting a production mark of 4.8 to 6.6 million oz. of silver and 37,000 to 50,000 oz. of gold for the full year.

This triumph has not gone unnoticed in the markets. Coeur Mining’s shares surged by a noteworthy 15.47% by 12:14 a.m. EDT, painting a rosy picture for investors in the company with a market capitalization of $2.62 billion.

Optimism reverberated on Wall Street, with BMO noting, “Today’s update shows the company is well on track to achieve H2 targets.” The mining sector anticipates a turn towards positive free cash flow for Coeur in the latter half of the year.

Progress on Crusher Optimizations

Stride by stride, Coeur Mining is pushing forward with crusher optimizations at the Rochester mine. By running the crusher at full steam, the company is now working on enhancing recoveries by downsizing the crush size of the Rochester ore.

Setting a bold target to reduce the crush size to 80% passing 5/8″ by year-end, Coeur Mining has surpassed expectations with recent improvements boasting a crush size of 3/4″. This impeccable progress sets the stage for optimized operations at the mine.

Located in Pershing County, Nevada, the Rochester mine has a rich history, dating back to its inception in 1986. After a temporary halt between 2007 and 2010, operations recommenced in 2011.

Looking ahead, with throughput levels expected to surge to nearly 2.5 times the historical figures, Rochester is on its way to becoming a colossus among open-pit heap-leach operations globally. Additionally, it is poised to emerge as the largest producer of US-refined silver.