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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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January 20, 2015
06:04 EDTCDEParamount Gold & Silver reports three holes intercepted gold and silver
Paramount Gold and Silver (PZG) reported that each of the last three core holes in its 2014 drill program have intercepted gold and silver mineralization. These holes targeted the higher grade Don Ese deposit, located on its 100%-owned San Miguel Project in northern Mexico immediately adjacent to Coeur Mining's (CDE) Palmarejo Mine Complex. DS-052 and DS-053 were infill holes drilled to upgrade the mineralized material estimate while DS-051 successfully tested the Don Ese vein at depth, effectively expanding the length of the known mineralization.
January 15, 2015
07:19 EDTCDECoeur Mining sees FY15 production 14.8M-16M silver ounces
In 2015, Coeur expects to produce 14.8M-16M ounces of silver and 284,000-313,000 ounces of gold, or 31.8M-34.8M silver-equivalent ounces, which represents up to an 8% increase over 2014 silver-equivalent production. Coeur's 2015 total silver and gold production guidance includes pro-rata production from the previously announced acquisition of the Wharf gold mine from Goldcorp based on an assumed transaction closing date of March 31. Wharf is expected to produce 85,000-90,000 ounces of gold in 2015 based on guidance provided by Goldcorp on January 12.
07:17 EDTCDECoeur Mining reports Q4 production 4.3M silver ounces
Coeur Mining announced Q4 production of 4.3M ounces of silver and 64,534 ounces of gold, or 8.2M silver-equivalent ounces.
January 13, 2015
06:15 EDTCDECoeur Mining to host conference call
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