Good day and welcome to the Coeur Mining Third Quarter 2018 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Paul DePartout. Please go ahead.

Thank you and good morning. Welcome to Coeur Mining's third quarter earnings conference call. Our results were released after yesterday's market close, and a copy of the press release and slides for today's call are available on our website. I would like to remind everyone that our press release and some of our comments today include forward-looking statements from which actual results may differ. Please review the cautionary statements included in our press release and presentation as well as the risk factors described in our recent 10-Q and 2017 10-K. Now, I'll turn it over to Mitch.

Thanks, Paul, and good morning. With me here are Peter Mitchell, Frank Hanagarne and Terry Smith along with a handful of other members of our management team and Hans Rasmussen has dialed in as well. Overall, our third quarter results reflected lower metals prices and one-time events at Palmarejo and Wharf that led to lower quarterly production and cash flow. However, Rochester delivered a strong second quarter - third quarter, excuse me, and we bolster the quality of our assets with two portfolio enhancing acquisitions. We lost 17 operating days at Palmarejo during the quarter due to the unfortunate fatalities that occurred and because of the nearby road blockade that halted the delivery of supplies to the mind. At Wharf, abnormally wet in severe weather, disrupted operations and impacted leach pad recoveries. Those challenges are now behind us and we're on track for a strong fourth quarter with October results, validating our expectations for a strong end to the year. As a result, we are reaffirming our full year production and cost guidance. As you likely saw, our third quarter results included a total of $30.7 million in non-cash write-downs. The largest component of that total was about $19 million of a non-cash adjustment to reflect changes in the deferred consideration received when we sold our Bolivian subsidiary earlier this year. Slide 16 in the presentation materials provides more details on these modifications, which we reported on September 25th. We also took a $9 million lower of cost or market adjustment on Silvertip concentrate and we wrote down the carrying value of the N-Pit crusher at Rochester by $3.5 that was decommissioned, which was part of the process of transitioning over to the first HPGR unit in the first quarter of next year. Sticking with Rochester for a minute, slide…

Thank you. We will now begin the question-and-answer session. [Operator Instructions] Our first question today will come from Joseph Reagor of ROTH Capital Partners. Please go ahead.

Good morning guys. Thanks for taking my questions.

Hey Joe.

Couple of quick items. One on the former San Bartolomeo mine. The concessions you've made there is that more related to silver price or are they driving operational issues similar to what you guys dealt with when you last had it.

I think it's more of the former. -As we saw in the last year or so operating San Bartolomeo with the cost structure there and $14 silver is tough. There is a plan I know in place that they started off with there that can help bring those cost down further, I know they're working through that. And these modifications were intended to give them a little more breathing room to continue to execute on that plan given the lower price environment. But most of that really is driven by the lower silver price.

Okay. That's with Silvertip. Do you guys think you have any room to renegotiate the two remaining payments there given this ore price has pulled back since you made that acquisition and there has been additional capital costs and a slower ramp that expected more maintenance needed to plant et cetera. Do you think you can do a similar thing to what is going out on at San Bartolomeo and maybe get those numbers down or is there no vigor run there?

Just really not in our thought process, Joe. I feel like we in our diligence we knew this was a plant that had been sitting there for a while, it was under two stock work orders, so kind of like buying a new or a used car that you can't startup until after you buy it. You have to just work through the things that arise, once you do get in there and fire it up. None of them are significant, they are small things it's just that's a long list of them, and we're working through those and we're going to be fine there. So, I don't think there's really any need to or thought at all of going back and revisiting the terms of the deal. Like I said we're happy with the acquisition, we love the asset, we just need to finish getting through these repairs and maintenance items in the plant.

Okay. And then just one final thought on guidance, obviously guidance has been a bit of an issue over the last two years. And you guys tend to provide let's call at a tighter range and more mine specific updates than some of your peers. Do you guys have any intention just kind of changing your policies there going forward, maybe providing wider ranges or maybe providing less updates on a mine by mine basis to three year. What can you guys do there to kind of lessen the volatility on what is one-time item?

Appreciate the question. If you and your peers are okay with that, we would love to provide less guidance, we have been trying to be more transparent and more granular sort of that request of the analyst community and investor community which does admittedly create a lot of numbers out there from a guidance perspective. I think if you go back over the last four years we have close to 60 individual pieces of guidance that we've had out there both on a Company wide basis and asset specific and that's that is I think too much. So, dialing that back as we get into 2019 and setting guidance for 2019 is definitely in our thoughts and as we get to that point, yeah, I think we'll look to have a little bit of a more general approach and a wider approach to guidance.

Okay, that's good to hear. Thanks.

[Operator Instruction] Showing no further questions. This will conclude our question and answer session. At this time, I'd like to turn the conference back over to Mitchell Krebs for any closing remarks.

All right, well Joe, appreciate your questions, quick call. We appreciate everyone who has dialed-in for taking the time and we'll look forward to speaking with you again in February to discuss our fourth quarter and full year 2018 results. Have a good day and thanks.

The conference is now concluded. Thank you for attending today's presentation. You may now disconnect your lines.