Coeur Mining, Inc. breached its 50 day moving average in a Bearish Manner : October 8, 2015
Below is a quick look at 5 technical indicators for Coeur Mining, Inc.. More studies are available on the Technical Chart.
Closing Price above/below 50 Day Moving Average Bearish
Closing Price above/below 200 Day Moving Average Bearish
But when everyone wanted their Silver delivered they went bankrupt.
I believe em. Just look at a bag of miracle grow moisture control at Lowes.. $14.
Coeur's costs are a heavy weight in a tough precious metals market
What: Coeur Mining Inc's (NYSE:CDE) shares fell roughly 16% in September, capping a year-long decline that's left the stock down about 45%.
So What: Coeur is a silver and gold miner (revenues are split fairly equally between the two) based in the United States with operations throughout the Americas. Although some of its assets are in difficult to deal with countries (political issues disrupted production at a Bolivian mine earlier in the year), most of its mines are in stable regions. That's good, but it's still a precious metals miner, and silver and gold prices have been weak.
The big problem for Coeur, however, is costs. To be fair, it's been working hard to reduce how much it has to spend to get an ounce of metal out of the ground, but it has a long way to go. For example, the company reports all in sustaining costs on a silver equivalent basis. At the end of the second quarter it pegged its all in costs at about $16.60 per ounce of silver. On the one hand that was the lowest level since the company started reporting all in sustaining costs in 2013, on the other hand the spot price for silver is currently around $14.50 an ounce. See the problem?