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CDE

Coeur Mining

$10.96

0.25 (2.33%)

07:03
10/10/16
10/10
07:03
10/10/16
07:03

Coeur Mining sees investing $30M-$34M in exploration during 2016

Coeur Mining provided an update on its expanded exploration initiatives at three of its five operating mines. The focus of the company's exploration program continues to be upgrading existing, higher-grade resources to reserves and the discovery of new, higher-grade resources located near existing infrastructure that have the potential to further grow the company's production and cash flow, reduce unit costs, and extend expected mine lives. The Company expects to invest a total of $30-$34 million in exploration during 2016, including $14-$16 million for expensed exploration and $16-$18 million for capitalized exploration. This represents an 82% increase over 2015 exploration spending. Of the $30-$34 million expanded exploration budget, approximately 85% is expected to be allocated to drilling at or near the Company's existing operations and nearly 75% is expected to be invested at the Company's Palmarejo underground silver-gold mine in Mexico, its Kensington underground gold mine in Alaska, and its Rochester open-pit silver-gold mine in Nevada.

  • 27

    Oct

CDE Coeur Mining
$10.96

0.25 (2.33%)

07/14/16
RBCM
07/14/16
UPGRADE
RBCM
Outperform
Coeur Mining upgraded on fundamentals, free cash flow outlook at RBC Capital
As noted earlier, RBC Capital upgraded Coeur to Outperform from Sector Perform. The firm expects the company's fundamentals and free cash flow potential to continue to improve over the next 6-12 months. The firm sees the stock as "a leveraged play on precious metal prices." Target to $18 from $9.
07/29/16
BMOC
07/29/16
NO CHANGE
BMOC
Coeur Mining price target raised to $18 from $14 at BMO Capital
BMO Capital analyst Jessica Flung raised her price target on Coeur after the company reported higher than expected EPS. She expects the company to raise its guidance this quarter and keeps an Outperform rating.
08/30/16
CIBC
08/30/16
UPGRADE
CIBC
Sector Performer
Coeur Mining upgraded to Sector Performer from Underperformer at CIBC
10/03/16
DBAB
10/03/16
UPGRADE
DBAB
Hold
Coeur Mining upgraded to Hold from Sell at Deutsche Bank

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