Coeur Mining intends to complete development of Guadalupe underground mine Coeur Mining announced its intention to complete development of the Guadalupe underground mine at its Palmarejo operation in Mexico and expects initial production to begin during the first quarter of 2015. The new development and production plan supports the Company's strategy to transition the mine to a higher-margin, longer-life, underground-only operation.
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.