This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Coeur d'Alene Looks Like 'Silver Chalice'

COEUR D'ALENE, Idaho (TheStreet) --Traders and investors are constantly on the quest for the next "silver chalice" to take their speculative money up to the land of capital gains.

All roads do not lead to good results and pleasing outcomes. That has been especially true for precious metals and precious metals stocks in the past seven months.

It's been a tough year for the silver-mining community and their shareholders as well.

Take a peek at the one-year chart of the Global X Silver Miners ETF (SIL)

After tanking on May 16 at $16.54-a-share (intra-day low), SIL closed on May 25 at $18.21, a 10% gain in just eight trading sessions.

One component of SIL is Coeur d'Alene Mines (CDE - Get Report)

Coeur d'Alene, which is based in Coeur d'Alene, Idaho, claims on their < ahref="" target="blank">web page to be "the largest U.S.-based primary silver producer and a growing gold producer."

In 2012, the company expects to produce between 18.5 million and 20.0 million ounces of silver and between 210,000 and 230,000 ounces of gold.

Total cash operating costs are expected to be $6.50-$7.50 per silver ounce (assuming $1,500 per gold ounce by-product credit, which may be conservative).

Cash operating costs at its Kensington mine are estimated at $1,150-$1,250 per ounce of gold. Kensington, located 45 miles north of Juneau, Alaska, contains 1.3 million ounces of gold in proven and probable reserves within 6.0 million tons at an average grade of 0.22 ounce per ton at year-end 2011.

Kensington is expected to produce 82,600-86,500 ounces of gold in 2012. Over two-thirds of this year's production is expected in the second half of the year.

Coeur d'Alene Mines announced on May 24 that full production resumed at one of its Mexican mines, after a small group of employees who had been blocking access to the mine agreed to return to work.

The company had reported the day before that workers began blocking access to the Palmarejo Mine in northern Mexico the previous weekend.

Coeur d'Alene spokeswoman Stefany Bales was quoted by the Associated Press on May 24 as saying the workers were blocking access because of pay concerns.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SIL $36.31 3.40%
CDE $7.96 7.00%
AAPL $93.56 -1.30%
FB $116.18 -0.47%
GOOG $691.58 0.08%


Chart of I:DJI
DOW 17,720.33 -110.43 -0.62%
S&P 500 2,057.78 -18.03 -0.87%
NASDAQ 4,759.2590 -46.0320 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs