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Stock Market & Financial Investment News

News Breaks
July 20, 2014
16:15 EDTCDECoeur Mining committed to higher margin ounces, development of Palmarejo
Coeur Mining announced an updated and re-scoped mine plan and preliminary economic assessment for its Palmarejo silver and gold mine in Mexico. The New Mine Plan reflects the mine's transition to a lower tonnage, higher-grade, higher-margin underground operation prioritizing cash flow over production ounces. Mitchell J. Krebs, President and CEO, commented, "This updated outlook for Palmarejo is based on year-end 2013 reserves and resources that we believe are economic based on prices of $20 per ounce for silver and $1,300 per ounce for gold. It demonstrates our commitment to prioritizing higher-quality, higher-margin ounces versus seeking to maximize the quantity of production ounces. It also demonstrates the significance of Guadalupe to Palmarejo's future, which is why our recent decision to place Guadalupe into production next year was so important. In addition, the modified economics of the recently announced new gold stream agreement with Franco-Nevada will help boost Palmarejo's future cash flow profile. "This plan includes a small percentage of overall reserves and no resources other than 1.7 million tons of inferred resources that are included in the updated Guadalupe plan," Mr. Krebs continued. "This represents a solid base from which we expect to expand and improve our operations over time. We are confident we will further add to Palmarejo's mine life through ongoing exploration activities focused on adding higher-grade, higher-margin underground material."
News For CDE From The Last 14 Days
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February 25, 2015
10:01 EDTCDEOn The Fly: Analyst Downgrade Summary
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07:05 EDTCDECoeur 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.
06:46 EDTCDECoeur Mining downgraded to Underweight from Neutral at JPMorgan
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February 20, 2015
16:47 EDTCDECoeur sees Wharf gold mine producing 74K-78K gold ounces for remainder of 2015
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February 19, 2015
09:12 EDTCDEOn The Fly: Pre-market Movers
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February 18, 2015
18:55 EDTCDEOn The Fly: After Hours Movers
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17:19 EDTCDECoeur Mining sees FY15 gold production 294K-323K ounces
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17:16 EDTCDECoeur Mining reports Q4 adjusted EPS (37c), consensus (43c)
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