Coeur d'Alene Mines (CDE -1.7%) says a preliminary assessment of its La Preciosa project in...


Coeur d'Alene Mines (CDE -1.7%) says a preliminary assessment of its La Preciosa project in Mexico indicates a 17-year initial mine life, with average annual silver production of 9.1M oz. in the first 14 years. At forecast production rates, La Preciosa would be one of the top 10 primary silver mines in the world. Meanwhile, shares are downgraded to Sector Underperform with a $6 price target at Scotia Capital.

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Comments (3)
  • intrepidcva11
    , contributor
    Comments (111) | Send Message
     
    Scotia Bank has to have a very brave heart to call a $6. target on Coeur with a tangible net worth of $21./share and cash of over $3./sh.
    8 Jul 2013, 10:08 AM Reply Like
  • trin
    , contributor
    Comments (156) | Send Message
     
    Right on!
    8 Jul 2013, 01:31 PM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    They're probably short.
    8 Jul 2013, 08:49 PM Reply Like
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