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Research – Coeur Mining (CDE) – Laying the Groundwork for Improved Performance in 2020

Natural Resources
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Monday October 14, 2019

Coeur Mining (CDE)

Laying the Groundwork for Improved Performance in 2020

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, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • CDE reports third quarter 2019 production results.  Coeur Mining reported third quarter production of 99,782 ounces of gold, 3.0 million ounces of silver, 4.2 million pounds of zinc and 4.5 million pounds of lead. Gold production was ahead of our expectations, while silver, lead and zinc lagged.
  • Adjusting estimates.  We are revising our 2019 EPS loss forecast to ($0.32) per share from ($0.29) per share to reflect increased operating costs. However, we are increasing…



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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 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.
 

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