Allied Nevada Gold names Randy Buffington COO Allied Nevada Gold announced that Randy Buffington will join Allied Nevada as executive VP and chief operating officer on February 4. Buffington was most recently senior VP, operations at Coeur d'Alene Mines Corporation (CDE).
Coeur Mining downgraded to Underweight from Neutral at JPMorgan JPMorgan downgraded Coeur Mining to Underweight citing the company's exposure to weak silver prices. The firm believes Coeur may have to further write-down its reserves should silver prices stay near the current $16.50/oz level. JPMorgan removed its $5 price target for shares.