As well noted in the above comment, CDE management has a credibility problem. This along with heavy investment costs has encouraged massive short selling. This will all change if projects coming on line meet expectations. The Author failed to mention the Kensington gold mine that will likely come on line late next year. That will boost total gold production to well above 200,000 oz annually assuming that Palmarejo is producing at the expected rate. With low cost per ounce and solid reserves for both the gold and silver, CDE has the potential to excel in comparison to peers.
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As well noted in the above comment, CDE management has a credibility problem. This along with heavy investment costs has encouraged massive short selling. This will all change if projects coming on line meet expectations. The Author failed to mention the Kensington gold mine that will likely come on line late next year. That will boost total gold production to well above 200,000 oz annually assuming that Palmarejo is producing at the expected rate. With low cost per ounce and solid reserves for both the gold and silver, CDE has the potential to excel in comparison to peers.
Aug 31 15:38 pm
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