The company said this was due to lower production rates at the Palmarejo mine, lower average realized silver and gold prices and fewer ounces of silver and gold sold.
The Palmarejo mine in Mexico saw a large drop off in production during the third quarter as silver output totaled 1.8 million ounces, down 23% from the second quarter, and gold output totaled 23, 702 ounces, down 24% compared to the second quarter.