There is no way but up for this company to go. It will top out in about 4-5years in price in the $100 to $300 current dollar per share price. In it's last year of price topping you will need to watch it closely to squeeze out the last dollar from it as that year will be rounded slow bowl shape of a large price dome. Look for this company to top out in price after 2012 and probably 2013-14. Largest silver only producer in the world. Following it's weekly and monthly movements up and news releases is not important for this company. Buy it and put it on the shelf and begin looking around 2012.
Coeur to expand gold production by 135% to 170,000 ozs
With three new precious metals mines in place, Coeur says it is well positioned to take advantage of very strong gold and silver prices.
Author:Dorothy Kosich
Posted: Friday , 05 Nov 2010
RENO
Coeur d'Alene Mines reported a 105% increase in gold production during the third quarter, primarily as a result of initial gold production at the Kensington mine in Alaska and a 49% increase in Palmarejo gold production.
The company produced 4.3 million ounces of silver and 47,514 ounces of gold during the quarter, compared to 5.2 million ounces of silver production and 28,955 gold ounces during the third quarter of 2009. The third quarter of 2010 marked the first full quarter with all three of the company's new mines in production.
During a conference call with analysts Thursday, Coeur CFO Mitchell Krebs said, "This past quarter, we demonstrated the beginning results of our strategic plan, investing in three new precious metals mines, which are now gaining momentum, delivering higher production in metal sales and cash flow and lower operating costs."
"This momentum will continue building through the remainder of 2010, with an expected 135% increase in full-year gold production over the last year along with 17 million ounces of silver production at an average cash cost of about $5.50 per ounce of silver," he added. "All three of our new mines are now in production and 2011 will represent the first year all three mines will contribute production in cash flow for a full year at the same time."
Krebs also noted that the expansion of the Rochester mine in Nevada will add a fourth major contributor to the company's three new mines.
"Our production, sales and cash low are climbing rapidly, while our operating costs and capex are declining leading to a growing cash balance," he added.
2010-11-04 09:00 ET - News Release
