A construction decision will be made following completion of the feasibility study in the second half of 2014. Assuming a positive decision, construction is expected to take two years, with potential initial production beginning in the second half of 2016.
The PEA was completed by M3 Engineering & Technology Corporation (M3) of Tucson, Arizona, with the support of Independent Mining Consultants, Inc. (IMC) and Resource Evaluation, Inc. (REI) of Tucson, Arizona. Coeur selected M3 to conduct the PEA due to their extensive experience in Mexico, having designed and constructed over 16 mining projects in the country, including Goldcorp's Peñasquito mine.
The PEA is preliminary in nature and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves and there is no certainty that the results reflected in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. There is no certainty that the inferred mineral resources will be converted to the measured and indicated categories or that the measured and indicated mineral resources will be converted to the proven and probable mineral reserve categories
Coeur Mining, Inc. is the largest U.S.-based primary silver producer and a growing gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. The Company also has a non-operating interest in the Endeavor mine in Australia. In addition, the Company has two silver-gold feasibility stage projects - the La Preciosa project in Mexico and the Joaquin project in Argentina. The Company also conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The Company owns strategic investment positions in eight silver and gold development companies with projects in North and South America.