This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Coeur Reports Strong Operating Cash Flow And Record Gold Production In 2012; Expected Production Growth In 2013 Driven By Rochester Expansion

In addition, Antonio Adames has been promoted to Vice President of Mexican and South American Operations. In his new role, Mr. Adames is responsible for overseeing the Palmarejo and San Bartolomé mines, the Joaquin project, new projects and business development, directing operational procedures and site management teams. Mr. Adames joined Coeur in 2008 as the Operations Manager for San Bartolomé and was promoted to General Manager of the mine in 2010. He was previously the Commissioning Manager for Pan American's San Vicente project in Bolivia. He has broad mining and processing experience in Bolivia, Honduras, Nicaragua and the Dominican Republic. Mr. Adames graduated with a Bachelor of Science degree in Chemical Engineering from the University of Santo Domingo, Dominican Republic.

Acquisition of Full Interest in Joaquin Project

In December 2012, Coeur consolidated its ownership of the Joaquin project in the prolific mining province of Santa Cruz, Argentina, in a stock and cash transaction. As noted in the Company's news release of December 11, 2012, the Company believes that Joaquin has substantial exploration upside and potential to become a significant silver producer. Joaquin has measured and indicated resources of 65.2 million ounces of silver and 61,000 ounces of gold, and inferred resources of 3.1 million ounces of silver and 4,000 ounces of gold at year-end 2012. 2 Coeur intends to continue the drilling program at Joaquin and advance feasibility work during 2013. The subsequent development decision will be based on the economics of the project and our assessment of the political and business environment in Argentina at that time.

Mineral Reserves and Resources 2

As reported in its news release dated February 15, 2013, Coeur increased its total combined proven and probable reserves and measured and indicated resources of silver and gold by 19% and 12%, respectively, resulting in the addition of 85.2 million silver ounces and 462,000 gold ounces at year-end 2012 over 2011. These gains exclude the 18.0 million ounces of silver and 226,486 ounces of gold produced during 2012.

4 of 8

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs