01:14 PM EDT, 09/12/2024 (MT Newswires) -- Coeur Mining ( CDE ) shares were up 18% in recent Thursday trading after the company reported "positive throughput trends" and significant progress at its expanded Rochester silver-gold mine in Nevada, reducing the overall crushing size of the ore.

The newly implemented three-stage crushing circuit supports different types of mined ore, the company said.

Coeur Mining ( CDE ) said the mine remains on track to meet its full-year 2024 production guidance of 4.8 million to 6.6 million ounces of silver and 37,000 to 50,000 ounces of gold.

The Rochester operation has consistently met or surpassed expectations, positioning the company to generate positive free cash flow in H2 2024, Coeur Mining ( CDE ) Chief Executive Officer Mitchell J. Krebs said.

Price: 6.78, Change: +1.03, Percent Change: +17.83