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Stock Market & Financial Investment News

News Breaks
June 24, 2014
07:53 EDTCDECoeur Mining upgraded at BMO Capital
As noted earlier, BMO Capital upgraded Coeur Mining to Market Perform from Underperform . After the company entered into letters of intent to amend the Palmarejo gold streaming agreement with Franco-Nevada, the firm thinks the changes will reduce Coeur's production costs and raise its cash flow. Target to $9.50 from $7.
News For CDE From The Last 14 Days
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April 20, 2015
10:00 EDTCDEOn The Fly: Analyst Upgrade Summary
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06:39 EDTCDECoeur Mining upgraded to Sector Perform from Underperform at Scotia Capital
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April 17, 2015
16:07 EDTCDEParamount Gold & Silver completes merger with Coeur Mining
Paramount Gold and Silver (PZG) announced that the proposals related to the merger agreement with Coeur Mining (CDE) were approved by both Paramount and Coeur stockholders and that the transaction has closed. Immediately prior to the consummation of the merger, Paramount distributed pro rata to its stockholders 8,101,371 shares of Paramount's wholly-owned subsidiary, Paramount Gold Nevada Corp. SpinCo is expected to begin "regular way" trading on the NYSE MKT on April 20 under the symbol "PZG", CUSIP number 69924M109. In connection with the completion of the transaction, Paramount's common stock will be delisted from the NYSE MKT and Toronto Stock Exchange. Paramount will no long trade as an independent company after market close and will be a wholly-owned subsidiary of Coeur.
April 14, 2015
07:06 EDTCDECoeur Mining sees FY15 production up 34% to 149,000 oz
Coeur Mining announced an updated and re-scoped mine plan and a preliminary economic assessment for its Kensington gold mine located in Southeast Alaska. The new mine plan reflects the recent discovery of the high-grade Jualin zone and indicates higher overall production and significantly higher cash flows due to the contribution of higher-grade material from three nearby zones. The Jualin zone, located approximately 8,250 feet from current mining activities, continues to expand based on ongoing drilling and contains an average gold grade over three times the average reserve grade of 0.185 oz/ton. Annual gold production between 2015 and 2020 at Kensington is expected to average approximately 128,000 ounces and costs applicable to sales are expected to average $820 per gold ounce. Production in 2014 was 117,823 ounces at a CAS of $951 per gold ounce. Mitchell J. Krebs, Coeur's CEO, stated, "Our recent success identifying high-grade mineralization near existing Kensington infrastructure has added higher-margin production to our mine plan and significantly improved the expected economics of the mine. Kensington's new mine plan is expected to be a key component of the company's overall strategic repositioning that is expected to increase overall production levels by approximately 30%, reduce overall unit costs by approximately 25%, and boost the company's free cash flow to $190M-$200M in 2017."

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