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Coeur's La Preciosa Project PEA Indicates 17-Year Initial Mine Life; Average Annual Silver Production Of 9.1 Million Ounces Over The First 14 Years

Table 3: Capital Expenditures

Mine capital and pre-strip   $ 22.1
Process plant $ 218.4
Other infrastructure $ 26.4
Contingency $ 49.0
Coeur (owner's cost) $ 32.0
Total start-up capital expenditures $ 347.9
Total sustaining capital expenditures $ 84.2

Mining and Processing

The PEA envisions using hydraulic shovels, loaders and a fleet of 195-ton haul trucks for the open pit operations. The processing plant incorporates an 11,000 ton per day mill with agitated leach, counter current decantation clarification and a Merrill-Crowe plant to produce silver-gold doré.

Table 4: Cost Parameters

PEA Production Cost Assumptions
Average mine costs     $1.38/ton material mined
Total mining cost $16.25/ton ore processed
Equipment lease cost $2.88/ton ore processed
Processing costs $13.04/ton ore processed
Site G&A $1.59/ton ore processed
Treatment, refining, transportation $0.60/ton ore processed

Total operating cost

$34.36/ton ore processed

Opportunities for Optimization

Recommendations in the PEA for cost saving opportunities range from optimizing the mine design and conducting infill and exploration drilling to expanding reserves and optimizing metallurgical recoveries. Coeur also expects to further evaluate in-pit waste disposal sites, grinding, power consumption and the tailings storage method.

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