Coeur d’Alene Mines CFO Frank Hanagarne to take COO role Coeur d'Alene Mines disclosed in a regulatory filing that on February 4 Frank Hanagarne was appointed senior VP and COO of Coeur d'Alene Mines. Hanagarne has served as senior VP and CFO of the company since October 2011. The company has commenced a search for a new CFO, and Hanagarne will continue to serve as CFO until a new CFO joins the company.
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.