Coeur Mining Slips To Loss In Q2 - Quick Facts

(RTTNews) - Coeur Mining Inc. (CDE, CDM.TO) reported that its second-quarter net loss for the second quarter 2013 was $35.04 million, or $0.35 per share, compared to net income of $22.97 million or $0.26 per share in the year ago quarter.

Net income for the second quarter 2013 included a positive non-cash fair value adjustment of $66.8 million. The positive fair value adjustment in the second quarter 2012 was $16.0 million. Fair value adjustments are driven primarily by lower or higher gold prices, which decrease or increase, respectively, the estimated future liabilities related to a gold royalty obligation at Palmarejo.

Adjusted loss for the latest-quarter was $34.59 million, or $0.35 per share, compared to net income of $27.96 million or $0.31 per share last year.

Sales of metal for the quarter slip to $204.52 million from $254.41 million in the prior year quarter.

The Company reaffirmed its 2013 full-year production guidance of 18.0-19.5 million ounces of silver and 250,000-265,000 ounces of gold.