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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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December 19, 2014
06:34 EDTCDECoeur Mining reports measured, indicated resources total about 1.9M short tons
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December 18, 2014
10:01 EDTCDEOn The Fly: Analyst Upgrade Summary
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06:07 EDTCDECoeur Mining upgraded to Outperform from Market Perform at Cowen
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December 17, 2014
09:22 EDTCDEOn The Fly: Pre-market Movers
HIGHER: Auspex Pharmaceuticals (ASPX), up 83.1% after Phase 3 trial of SD-809 met primary efficacy endpoint... Volcano (VOLC), up 55.3% after Philips (PHG) announced it will acquire the company for $18.00 per share... Paramount Gold and Silver (PZG), up 35.9% after announcing a merger agreement with Coeur Mining... Cerus (CERS), up 17.8% after FDA approves Intercept Blood System... American Apparel (APP), up 15.5% after terminating Dov Charney for cause... TASER (TASR), up 6.1% after LAPD purchases 860 AXON body-worn video cameras... Idera Pharmaceuticals (IDRA), up 5.9% after being called a top 2015 small cap pick at Piper Jaffray... Kandi Technologies (KNDI), up 7.5% after selling 1,000 electric vehicles to Chengdu City... Stillwater Mining (SWC), up 2.7% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: FedEx (FDX), down 3.5%... Joy Global (JOY), down 1.7%. ALSO LOWER: POZEN (POZN), down 13.1% after receiving a second complete response letter from the FDA for Yosprala... Cliffs Natural (CLF), down 13.1% after price target cut to $1 from $10 at Credit Suisse... Coeur Mining (CDE), down 2.8% following merger agreement with Paramount Gold and Silver.
07:01 EDTCDECoeur Mining to host conference call
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06:35 EDTCDECoeur Mining to acquire Paramount Gold & Silver in all-stock transaction
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06:31 EDTCDECoeur Mining to acquire Paramount Gold & Silver in all-stock transaction

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