Movers and SHAKERS
Coeur Mining (CDE)
The Story Is Growing Stronger
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
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Key take-away. In an impressive virtual mixed-media presentation that was long on operational and financial detail, management provided clear visibility of the expected step change in the company’s cash flow profile supported by the Rochester expansion and other growth initiatives. The company appears very well positioned to fund and absorb relatively high capital expenditures in 2021 and 2022 to fund the expansion that will begin generating attractive returns in 2023.
Emphasis on Rochester expansion. Coeur released an updated NI 43-101 technical report that provided estimated capital and operating costs for the Rochester mine inclusive of a planned expansion which is expected to be completed in 2022 with ramp up to commercial production in late 2022 and early 2023. The new mine plan contemplates an 18-year, reserve-based mine life through 2038, average annual ...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.