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Coeur Mining, Inc. (CDE)

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9.26+0.06 (+0.65%)
At close: 4:02PM EDT
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  • E
    Edmund
    Edmund
    I would assume that the silvertip purchase has alleviated any pressure to force a build of preciosa.This new mine has
    70 million EBITA and is immediately accretive.The focus will be will be in an area that management has been in with three of its mines. for the last three years.Mine plans,development underground,,recoveries,process enhancements and exploration.The fact that coeur is shutting down production and applying 35 million shows its long term commitment and its comfort with production coming into the 4th quarter.
    This was a brilliant move to sidestep Preciosa-coeur will be producing 64million silver equivalents ozs,lowering AISC and replacing Bolivia in one of best jurisdictions.
    This move benefits in so many areas increase production,ability to hedge zinc/lead,entrance into BC -Canada,exploration and further diversification of metals.
    IF IF Coeur finds the source of this deposit and from what i have read it will be found by backtracking as this doesn't come to surface These CRD deposits tend to be large and high grade, like Heclas Green Creek.

    This deposit has been in the making for 50 yrs and coeur walks in and turns the key-makes up for disappointment at Preciosa.
    So its been paramount,wharf and JDS/ Silvertip bought in this down cycle,

    BY the WAY LISAS BDX down 5.00 to 195.00-no wonder she took a powder
  • K
    K
    K
    Preciosa can't be built so those ounces are trapped -FOR NOW................
    /////////////////
    YOU MEAN CAPITAL IS TRAPPED AND CONTINUES TO BLEED!
    How many years ago did I Warn this forum that Krebs saw suckered into purchasing this 'white elephant' and its twin Joaquin.
    How much shareholder wealth was destroyed by these exobanite capital sucking properties??
    Why does Krebs even have a job??
  • E
    Edmund
    Edmund
    Hans rasmussen just unloaded 10,000 shares and short interest up to 13%-so we have had mitchell,hanagarne and now rasmussen head of exploration all selling shares
    This obviously is not a good PR move-
  • E
    Edmund
    Edmund
    corvus gols jus trecently bought the Mother Lode deposit from Goldcorp and it is totally surrounded by Northern Empire property it has 400,000ozs and corvus wants to bring it to 1 million-quess who has recent stakes in both companies-11.6% in empire and 6% with option to buy more in Corvus--also in my wandering through silvertip technical reports there is an adjacent deposit silver knife 400,000 tons of high grade silver lead zinc-runs smack into silvertip property line--like don esse at indepencia - silverknife just sitting with multiple partners
  • R
    Richard
    Richard
    Maverix only has 2.5% royalty for 12,000 acre land package .
    Coeur's purchased 93,000 acre.
    That maybe purchase of 81,000 acre of moose pasture
    or perhaps Silvertip former owners have royalty.
    Private company could find no record of sale.
  • E
    Edmund
    Edmund
    With the purchase of silvertip and pressure off preciosa some of coeurs recent strategics are in play and there is one that is shovel ready coeur owns 11.6 it is in nevada with a land package increased by 50% just recently with drill proram initiated
    Its neighbor is Corvus and it was recently bought into by Coeur
    .Corvus recently purchased the Motherlode deposit from Gold Corp with its ounces and is now drilling 12,000m
    .This is surrounded by Northern miners land package
    .Northern miner is an exploration company not an operator this is much like Coeurs Silvertip purchase and is also considered high grade for heap leach in nevada
    -I feel Coeurs going to let them explore and even further de risk but most of that has been done as it was producing two years ago-
  • H
    Hawken
    Hawken
    The SilverTip Mine is located near Watson Lake on a road extending about 16 miles south of the Alaskan Highway. I have had the pleasure of driving through and spending some time in this beautiful area. While only about 150 miles east of CDE's Kensington Mine(near coast) - the climates differ considerably The daily mean temperature in Watson Lake in January is -8 F and the average low is -17 F. The roads are under continual maintenance from extreme conditions, heaving, etc. Travel on them is slow - even during the summer. In short, the Mine is in a high latitude remote location. Getting supplies and equipment to site is more expensive and time consuming than in a southern jurisdiction - Lower 48 or Mexico. I am very much in agreement that SilverTip could be a very exciting game changer for CDE - but I think that there are some interesting obstacles that will challenge. SilverTip is an underground Mine but has extensive above ground infrastructure. This has all been done before and this Coeur management team seems up to it. Execution is key.
  • H
    Hawken
    Hawken
    Re: Silvertip
    Interesting that CDE selected a primary silver project with a heavy zinc and lead component (and possibly some gold?). Surprisingly similar metals mix to Silver Bull and now makes sense that they let SVBL go. Silvertip is a far more advanced project with superior indicated metrics. Execution in bringing Silvertip up to full production is paramount in realizing those kinds of returns on investment. Getting permitted to increase capacity will also be crucial.
  • E
    Edmund
    Edmund
    the thing with lead and zinc is the ability to hedge,nobody seems to mind unlike gold or silver
    .Hecla hedges a percentage of its base metals years out that cover mines expenses
    .In the past base metals i considered a nuisance but with some super sized zinc mines facing exhaustion and the zinc hype has been active.In the past mining companies got premiums for being only p/ms or only silver but in my studies of greens creek and Heclas use of it to hedge its expenses.No longer do i consider it a detriment but a tool to hege and lower costs..
    With all the crazy weather and earthquakes in mexico seems like BC and Yukon a safer play
    This mine and mill will benefit from Hanagarne with his metallurgy background and promotion of recoveries and efficiency.His hand prints have been all over Rochestor and Palmarejo-
    Snook-what do you thin
    Mbli what do you think
    others what do you think
  • E
    Edmund
    Edmund
    in one deal coeur addressed the short mine life at san bartolome, bought highly accreative new mine that takes pressure off a build decision at preciosa-Also addresses anaylsts and article writers who continually bring up AISC as this mine will be 10.50 to 11.00-the ability to hedge zinc and nobody cares-
    Hecla has done this at Greens Creek for years and nobody blinks-
    Breaks the mold of no base metals-
  • E
    Edmund
    Edmund
    Small amount of gold are found on drill assays my back of envelope was approx 5-6000 ozs a year but its there.Cosidering 1,000 tons per day -i think it was .49 g/ton and lower.Some zones it disappeared completely.According to what i read and perceived there are further chimneys and the feeder has not been found yet-this deposit does not come to surface so there are few traces to track above ground...This project needs to increase resources and push that mine life out to get a real socio-economic impact
  • E
    Edmund
    Edmund
    Coeur share price is being held down by its mine lives ,margins and AISC-coeur has prioritized Palmarejo exploration to add ounces and extend mine life
    ,Preciosa can't be built so those ounces are trapped -FOR NOW
    Kensington is underground so mine lives are short and then continually added onto but kensington produces over 110,000 ozs a year so adding ozs is quite important
    Wharf has a definite short mine life with little room for extension.
    Silvertip has about 7.5 and will be grown.
    Rochestor is truly long lived out to 2034
    San Bartolome has little value at only two years.I think if Preciosa is trapped as an expensive build with small return JUST continue making moves on de risked near term mines or existing single mine operators and bank preciosa
  • E
    Edmund
    Edmund
    The commitment fee and interest on the revolver loan will be interesting after just clearing up balance sheet and lowering interest.'
    The acqusition of silvertip and it returns are so high it far eclipses any interest rate on the revolver
    'Better than more dilution.

    Snook !!!! what do you think?-swapped joaguin,,coeur capital and bought a highly profitable new mine-
    Wharf bought with 99 million paid off in two years another good move.
  • E
    Edmund
    Edmund
    This will add 10 million silver equivalent ozs -i think this should solve the bolivian mine going off line in 24 months and help analysts models.This is quite a switch with its base metal component
    Sure is easier and quicker to buy a brand new mine--not much dilution.
    A lot less likely that preciosa gets built as it was it was a 300 million build-
  • R
    Richard
    Richard
    The Klaza project did not identify dry stack tailings facilcity in flow sheets, unless I overlooked
    This was the failing of last miner at MT Nanen (next to Klaza).
    However, Silvertip mine makes a point of dry stack facility at this mine location.
  • E
    Edmund
    Edmund
    Almost 200 million has been spent on drilling permitting,developing and building mine over the years-this mine makes big money with its 1100g/oz silver equiv the zinc and lead can be hedged-what wasn't mentioned anywhere was NSR bought in april 2017 by maverix and one with previous owners
    There is an archived webcast from this mornings conference call on takeover-and Q&A
  • E
    Edmund
    Edmund
    Backtracking silvertip to its past owner silvercorp. I found a technical report from 2012 which had a listing of their drilling and was surprised to find gold in many of holes-every bit helps-it was at the end of about 100 pages.
  • E
    Edmund
    Edmund
    The good news is this deposit could very well be part of a much larger feeder system that has yet to be found.This deposit doesn't show itself on surface and somewhere out there hidden is more metal-.there are technical reports i just read from as far back as 2001 up to 2012 there have been a considerable amount of owners that have developed, explored and sunk money and time into permitting -it took decades to get to this point
    I like to go back to the earliest and read as the project gets moved around and grown.
    Coeur has made statements like cornerstone mine and is doing the right thing keeping it shut down while they explore ,develop and enhance the infrastructure-this mine answered lots og questions about replacement of the bolivian mine and eleviated a rush at preciosa.
    Coeur has contracted 1 million for exploration by 2019 i think they will voluntarily spent much more and extend the profitability much further into future while tracing back underground to find that feeder.Most single mine builders rush to get this up to a selling point and the new operator has to finish areas that the builder skimped or bypassed .Coeur will optimize mill and processing infrastructure all this will save maintenance and labor costs.This is the kind of stuff coeur has gained experience in at Kensington, palmarejo and rochestor .This mine is only 150 mi from kensington and on yukon border.
    To be a cornerstone coeur must believe this 7.5 year mine life can bemade with their drilling program quite a bit larger-
    The pm's with rockets being shot offhuge atomic or hydrogen bombs in the hands of a kook.. and it has retraced agood portion of its gains.
    Algos rule the market and they don't care about bombs or the purchase of a cornerstone finally with high grade and margin-
  • E
    Edmund
    Edmund
    i have posted here a long time in attempt to combat misinformation-and it works both ways
    OIG the wild statements help no one-but they serve to diminish your posts
    CDE will be held down as long as ETF's and their algos move them'
    Coeurs recent purchase is a game changer operation because of its profitability
    It also could be associated with a large feeder system yet uncovered
    This system is illusive because it can't be traced from surface-they can hedge zinc to guarantee mines expenses locking in higher zinc prices-
    i have spent many hours now going over technical reports going back to 2001-somewhere out there is a feeder system and will be large.It looks like kisa's crew have pointed her in another direction
  • A
    André
    André
    What do you think of the acquisition of Silvertip Mine for 200 million?
    Good deal or not?