The 10-year-old Rochester mine is the largest primary silver producer in Nevada’s history, having just passed a production milestone of 50 million oz.
The mine, operated by Coeur d’Alene Mines (CDE-N), has also produced more than 500,000 oz. gold since operations began.
Situated in the northwestern area of Lovelock, the open-pit, heap-leach operation turned out 1.5 million oz. silver and 15,826 oz. gold in the first quarter of 1996, compared with 1.4 million oz. silver and 12,991 oz. gold during the same period in 1995.
Operating costs averaged US$3.72 per oz. silver-equivalent in the first quarter, compared with US$3.76 in the first three months of 1995. Total costs were US$4.31 per oz. silver-equivalent, compared with US$4.37.
Although Coeur d’Alene is known best for silver production at its namesake district in Idaho, the company has grown into a sizable gold producer with mines in Chile, Australia and New Zealand.
The company turned out 45,201 oz. gold and 2.19 million oz. silver during the first three months of 1996, compared with 36,571 oz. gold and 1.5 million oz.
silver a year earlier.
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