India, May 6 -- Precious metals producer Coeur Mining Inc. (CDE) on Wednesday reported an increase in first-quarter profit, driven by stronger gold and silver prices and increased production.
Net income from continuing operations rose to $246.76 million, or $0.35 per share, from $33.35 million, or $0.06 per share, in the year-ago quarter. Adjusted net income was $253.50 million, or $0.36 per share, compared with $40.50 million, or $0.08 per share, last year.
Revenue climbed to $856.20 million from $360.10 million a year earlier.
The company produced 96,503 ounces of gold and 4.4 million ounces of silver during the quarter, up 11% and 18%, respectively, from the prior year.
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