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Coeur Mining, Inc. (CDE)

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9.2001-0.0299 (-0.3239%)
As of 1:25PM EDT. Market open.
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  • K
    K
    K
    Its been a interesting rebuild........................."
    Yeah it has. All with a dearth of profits and share price consistently LOWER.
    For all you post, remember Krebs' incompetence to get metal out cost shareholders a 15% overnight drop in stock price last Feb. and the stock still has not recovered to that price level! Now he takes on a new property with miserable seasonal weather conditions. More missed shipments will be in the future not the past. CDE is NO AEM.
  • E
    Edmund
    Edmund
    As i dig deeper into the silvertip transaction the word distal that was mentioned by Rasmussen at conference core seemed to grow in importance
    Coeur dug deep for this mine after just restoring balance sheet and lowering interest.This purchase considering the amount and cash portion along with assuming debt and giving 50 million in performance payouts seems in some ways quite generous..Why was coeur willing to pay and i keep coming back to manto type deposit and distal and" likely represent the distal portion of the CRD system and that the higher grade feeder system(chimneys) and the poximal copper-gold skarns have yet to be found.Similar manto style mineralization is found at silverknife property to west and adjacent to silvertip ."
    For a prospect generator to make a sale they need to leave something on the table above the sale price for the buyer to show there investors and get paid well.
    Coeur is closing this quickly used a large portion of cash is setting up a revelolver debt account and committing a further 35 million
  • E
    Edmund
    Edmund
    The 2011 resource update by silvercorp that just completed a 10,000 meter drill program using a 200 gram cutoff increased silver by 32%,lead by 28% and zinc by 60% and in inferred silver up 60% lead 63% and zinc 94%-
    and this deposit has 50,000 oz gold indicated and 6,000 inferred-a further 5000m drill program was initiated in 2011'The above a 200g cutoff silver 35 million silver indicated 8.1 million inferred
    now at 400gr
    silver 31.6 milion indicted and 7.4 million inferred
  • 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
  • R
    Richard
    Richard
    Alamaden's "Ixtaca" Tuligtic project.

    One item I did not consider at time was earthquake hazard.
    Epicenter of Mexico City quake Matamoros about 150 miles from project.
    Project site intersection of two major fault lines in Puebla state.
    Potential for underground mining "accident" high.
  • E
    Edmund
    Edmund
    Its been a interesting rebuild from decision to go underground and negotiation with franco, then acquisition of paramount followed with purchase of Wharf.
    Driving twin access to iIndepencia while adding Don Esse and royalty free Driving a tunnel to Jualin at kensington and a new heap leach at rochestor

    Paramount bought for 146 million in shares forhigh grade royalty free during market depths
    It seemed like an overpay in terms of shares but a had too move because of synergies,grade and royalty free-
    About 4.45 per cde share coeur was later to break under 2.00
    Wharf 100 million cash-very good purchase with adding 27% to reserves in first year extending mine life 2.5 years
    Silvertip 200 million cash and shares plus performance targets for high grade location and newly built mine
    Coeur divested joaquin and coeur capital for about 67 million.
    Snook has his point of view and in hindsight but at time there were certain moves coeur had to make after preciosa as sector collapsed

    Coeur has found high grade with exploration,has altered mine plans at rochestor bringing forward a year grade
    Also mined higher grade areas of guadalupe while not sterilizing deposit as well as areas of kensington main and raven while aiming to complete tunnel to newly discovered jualin 4th quarter
    .E rochesto ris supplying some higher grade also a recent discovery.
    So in some instances you can find altered mine plans bringing forward or or mining areas recently found by exploration a raven and kensington main and e rochetor but during low metals you do what you have to do to survive.
    Wharf was instrumental as expansion projects and exploration continued.
    San Bartolome closing pushed up importance of Preciosa and probably the purchase of silvertip with its grade-
    In many ways Snook is right but the depth and timing of the collapse of silver and miners forced many decisions-volatility must raise havoc with attempts to be consistent.
    Pulling out of south america and giving up a promising deposit and switching focus to north america makes economic sense in terms of G&A and the infrastructure needs of building and running a south american mine.
    Was joaquin a dog deposit? Absolutely not !!Gold and silver over 60 million ozs of good grade and hardly explored for 30 million cash and 1.5 million high priced shares.A decision to sell Martha mill , monetize Joaquin while retaining NSR and withdrawing completely from Argentina...
    San Bartolome has been a thorn from a PR per spec and coniually at mercy of press and Bolivian events.Getting reserves of highest grade trapped above 4400 because mountain became unstable or ant time there were political demonstations-non aimed at coeur.And now coming to end of life much too soon but probably not soon enough for management-Now what is value of a one off mill in Bolivia and politically how will locals react? -Maybe coeur will be allowed back up above 4400 level
  • 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.
  • R
    Richard
    Richard
    Denver Gold Forum
    Coeur's web cast available from 9am Est on 9/29/17.
    Let's see if Krebs gives hints on Silvertip potential.
  • E
    Edmund
    Edmund
    Coeur to bump production by 22% in 2018 with acquisition of Silvetip while lowering AISC one of the min objections of market-Andrew Kaip who can be quite cruel with his assessments gave this a fair price and also a replacement for declining income from San Bartolome
    -coeur presents today at gold summit hopefully Krebs gives more info on this project than the recent presentation put out
  • 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
  • o
    oiqSDISDOa
    oiqSDISDOa
    10 MILLION CDE SHARES SHORT...TIME TO COVER
  • K
    K
    K
    hopefully Krebs gives more info on this project than the recent presentation put out......................"
    ///////////////////////////////
    You mean he has to convince those interested he didn't buy another" PIG 'N THE POKE"!
    That may be going against his historical record.
    Of course Krebs likes animals like pigs and white elephants.
  • S
    SteveK
    SteveK
    HMNY has left the train station !!!
  • o
    oiqSDISDOa
    oiqSDISDOa
    CDE is going to retest $9.55 this week
  • o
    oiqSDISDOa
    oiqSDISDOa
    CDE is going to retest $9.55 this week
  • E
    Edmund
    Edmund
    San Bartolome mine life in newest presentation 1-2 years -
    Wharf 5 years
  • 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
    BIG TAX CUT TO BE ANNOUNCED TOMORROW.......BUY SILVER AND GOLD TODAY