Coeur d'Alene reports 16% increase in silver reserves, 12% in gold reserves


Coeur d'Alene Mines (CDE +7%) reports a significant increase in mineral reserves and resources totaling ~255.4M silver oz. and 2.2M gold oz., representing respective Y/Y increases of 15.9% and 12.3%.

The gains are net of the 17M oz. of silver and 262,217 oz. of gold produced during 2013.

In addition to these reserves, CDE announces measured and indicated mineral resources totaling 386.3M silver oz. and 2.5M gold ounces, up 26.6% and 1.4% respectively, vs. year-end 2012.

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Comments (1)
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    Actually, with mostly young and long-life mines, CDE may be doing too much exploration. I remember when I owned Hecla. They had only 6 months of reserves, but they had them for 40 years.
    18 Feb 2014, 06:29 PM Reply Like
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