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Coeur Mining, Inc. (CDE)

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9.08+0.04 (+0.44%)
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  • E
    Edmund
    Edmund
    Without the training of a geologist,the expertise of a metalurgist or a engineering degree and underground experiencwho am i to even interperet the collection of information over 50 yrs on this mine.A Seekinhg Alpha contributor quoting a Seeking Alpha contributor somehow loses its credibility .To condemn and mock a purchase of a producing mine and extensive land package for 250 million without all the information seems quite cavalier".Laughing all the way to bank" and" daunting task of management" were such sophomoric statements.
    These type of articles and comments fuel my pursuit of information and experience.
    Todays array of technology that is used in mapping targets the years of boots on the ground and development underground the large number of holes and untold expenses going back 50 years since a blind discovery.And in a few paragraphs with only cursory investigation a sweeping judgement is made.
    Those PEA technical reports are over 100 pages of details and only after multiple reads am i able to start seeing certain things.
    JDS is an engineering company not an exploration company.
    In my reading i did find section that covered the ground conditions and best type of mining for this kind of deposit drift and fill which get most of deposits as there are no pillars.The filling is critical and must be tight then the bolting.The deposit needs good mine planning as it can be inconsistent.
    I used Andrew Kaip as a source of valuation because he can be quite mean.But the author brought up he maybe biased as he has 11.00 price tag on coeur and alluded he may have a part in financing-Oh what a web we weave.
    The report gave three tonnage breakdowns and the drawback of 1000 tpd was short mine life and need for careful mine plan.Also weather with concentrate delivery in winter.The PEA thought lower tonnage and closing for winter....And there was some rehab work necessary up in portal area.
    Then there was a challenge by Seeking Alpha on costs per ton and a blanket comp to other mines.
  • E
    Edmund
    Edmund
    only last year zinc was approx one dollar in sept-today its 1.40 a year later with just a quick look at charts and no fundamentals
    it looks like coeurs figures with the percentage of zinc could swing wildly- it looks like zinc should be forward sold locking in prices at these high levels-just a reflex thought
  • o
    olymtnman
    olymtnman
    Klondike Gold

    When mtns. with quartz bearing gold were thrust up and eroded by weather over the eons nuggets accumulated in the creek beds. In the Yukon ice age glaciers buried the ancient creek beds . Gold Rush miners dug down through the creeks to find the ancient beds (white quartz gravel on the hardpan permafrost clay) to strike it rich. The records are on file in Whitehorse. Strikes were made on all the creeks off Gold Hill near Dawson City except for Hunker Creek.
    In 1987 met a Californian and his wife in Dawson city, she was wearing a necklace of nuggets (they look like large corn flakes) and he showed me a two quart jar filled with nuggets he sluiced out of his Hunker Creek claim that week.
  • 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??
  • o
    oiqSDISDOa
    oiqSDISDOa
    RUSSIA SOLD OIL TO CHINA FOR YUAN......END OF DOLLAR BEGINS
  • 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
  • K
    K
    K
    So there you have it, Ed. No matter the analysis, no matter the action to commit to capital risks you've got a senile dumbo with a Dutch-boy haircut backed by a mumbo-jumbo league of Phd certified pin-heads whisking away your capital from the market because they have more influence(CAPITAL) than you and thus manipulate the market in the direction they desire.
    And remember, your stake in this equity represents a derivative position to gold/silver with a leverage of 3/1 or more. Hope those smart enough to read this set up took profits early today and shorted in the PM. Once you understand the 'rig"
    it's easy.
  • 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-
  • E
    Edmund
    Edmund
    Hawken brought up a good point"show me the money" as he has the right amount of skepticism.
    Its going to be 6 months of changing silvertip from construction to production along with 25-35 million.Once there this mine will have average annual EBITA of 70 million with average annual margin of 50%
    Finally a high grade mine ..
    Coeur has not rushed this into production which shows how much they value this mine for the longer haul.
    JDS did not have the money to throw into this in as much detail and i'm sure coeur can optomise,,enhance processing and make the mine more efficient. Also putting focus on development and mine planning that coeurs experienced team has now after the work done on palmarejo,rochestor and kensington.
    .JDS was an engineering team making the transition easier.
    If you look at all the areas that this will address further diversification,foothold in Canada,production at grade and margin lowering coeurs AISC,replacement of bolivias future closing ,ability to delay preciosa decision,continuity of team in developing and and growing existing mine through efficiency and exploration.
    Preciosa is being reconfigured a technical report will be telling and this new mine illuminate the need to pursue higher grade in safe jurisdictions
    With the volatility of silver why risk a two year build with marginal profits
    in my buisiness with a volatile product sometimes you got stuck buying at a higher price and would just bank it or wholesale it at a loss to free up capital and not compound the error.
    The Bolivian mine has a unique mill, i wonder what that is worth and there is still all that high grade at over 4400'
    The closer to closing those effected from miners to shopkeepers may exert pressure on govt and coeur to go back up..
  • 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.
  • R
    Richard
    Richard
    Adjacent Siverknife discovery is indication that Silvertip "CRDeposit" is one of cluster in area.
    Good to have large land package.
  • 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