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Coeur Mining to complete development of Guadalupe underground mine

  • Coeur Mining (CDE) says it plans to complete development of the Guadalupe underground mine at its Palmarejo operation in Mexico and expects initial production to begin during Q1 of 2015.
  • CDE says the new development and production plan supports its strategy to transition the mine to a higher-margin, longer-life, underground-only operation.
  • Production at Guadalupe is expected to average 1,300 tons/day in 2015 and 1,500 tons/day in 2016-18.
  • CDE also announces entry into a new gold streaming agreement with Franco-Nevada (FNV).
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