Coeur Mining to complete development of Guadalupe underground mine

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

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).