Coeur d'Alene Mines - Increasing Production & Cash Flow
5 Silver, 1 Gold mine(s) operating - Reserves of: Silver 500m oz, Gold 5m oz
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio



KWG Partners With Massive Chinese Railway Company To Study Rail Solution For The Ring Of Fire

  • KWG and China Railway Company have signed a Confidentiality and Non-Disclosure Agreement
  • Includes a three-year standstill provision, to enable the scoping and engineering data of KWG subsidiary Canada Chrome Corporation to be made available for examination and analysis by FSDI
  • Parties intend to explore the possibility of a negotiated transaction between them for Chinese firm to undertake a feasibility study for KWG
  • WATCH BNN Interview With Frank Smeenk

Hub On AGORACOM / Corporate Profile / Read Release

Message: Coeur forecasts strong year ahead in silver, gold production

2nd shots 1 002
Rank: [?]
Points: [?]
Rating: [?]
Votes: 241 Score: 3.6
  • Currently 3.7/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Coeur forecasts strong year ahead in silver, gold production

posted on May 12, 09 09:29AM

Coeur forecasts strong year ahead in silver, gold production

Coeur d'Alene Mines CEO Dennis Wheeler says his company's growth strategy is coming together "at a time when market conditions where precious metals are particularly favorable."

Author: Dorothy Kosich
Posted: Tuesday , 12 May 2009


Coeur d'Alene Mines CEO Dennis Wheeler told analysts Monday that the Idaho-based silver miner expects to increase silver production 66% and gold production by 85% this year.

Coeur also reported a record 65% increase in silver production during the first-quarter 2009, a total of 3.9 million ounces. "We've got two new silver mines at Coeur, explosive growth, a rock solid balance sheet, and enjoy great silver and gold fundamentals," Wheeler declared.

Wheeler told analysts the company will drive cash operating costs down 11% and operating costs down 37%. "Margin expansion is the name of the game here, and we expect it to translate into better operating cash flow, $100 million for 2009, which would be a 733% increase over last year."

Coeur will complete its internal review of the Cerro Bayo mine plan later this year, Wheeler said, adding the U.S. Supreme Court is expected to soon render its decision on the Kensington gold mine project in Alaska.

He noted that the Supreme Court has requested some limited additional briefings. "Frankly we don't see this as any indication one way or the other after the legal team has review this matter as far as the eventual decision."

The company reported quarterly net income of $6.1 million or 1-cent per share for the first quarter of this year, up from $5.4 million (1-cent/sh) for the same quarter of 2008.

New Message

Please login to post a reply


AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment
Today's Show
in 00:00:000

President's D.D.

New feature: Hub Presidents can add important links here.

Stock Quote