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Coeur Mining (NYSE:CDE) said Monday it achieved first production of gold and silver ounces at its Rochester mine expansion project in Nevada, with a full ramp-up to commercial production expected by early 2024.
With the primary gyratory crusher now installed, Coeur (CDE) said construction of the new three-stage crushing circuit is now substantially complete; once fully ramped up, the company expects throughput will average 32M tons/year.
Coeur (CDE) said a multi-day test of truck and loading capacity was completed to ensure Rochester can support higher throughput rates associated with the newly-configured circuit, which confirmed the mine’s ability to safely support the designed capacity of up to 100K tons/day in 2023 and up to 132K tons/day in 2024.
Following a ramp-up period expected to last into early 2024, Coeur (CDE) said Rochester should drive a step-change in the company’s overall production levels, cost profile and cash flow.
