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Coeur Mining : reports 4Q loss

02/10/2016 | 07:27pm US/Eastern

CHICAGO (AP) _ Coeur Mining Inc. (CDE) on Wednesday reported a loss of $303 million in its fourth quarter.

On a per-share basis, the Chicago-based company said it had a loss of $2.28. Losses, adjusted for one-time gains and costs, came to 27 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The silver mining company posted revenue of $164.2 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $158.4 million.

For the year, the company reported that its loss narrowed to $367.2 million, or $2.83 per share. Revenue was reported as $646.1 million.

In the final minutes of trading on Wednesday, the company's shares hit $2.50. A year ago, they were trading at $7.18.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDE at http://www.zacks.com/ap/CDE

Keywords: Coeur Mining, Earnings Report

Automated Insights, source Associated Press News

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