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

|About: Coeur Mining, Inc. (CDE)|By:, SA News Editor

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.