Profile: Coeur Mining Inc (CDE.N)
14 Mar 2014
Coeur Mining, Inc., formerly Coeur d’Alene Mines Corporation, incorporated on November 01, 1928, is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia. The company operates Palmarejo mine, San Bartolome mine, Kensington mine, Rochester mine and Martha mine, and the Endeavor mine, which is operated by a non-affiliated party. In April 2013, Coeur acquired Orko Silver Corp. In December 2013, Coeur Mining, Inc. announced the completion of its acquisition of Global Royalty Corp.
Mexico - Palmarejo
Coeur owns 100% of Coeur Mexicana S.A. de C.V. (Coeur Mexicana), which operates the underground and surface Palmarejo silver and gold mine in Mexico. The Palmarejo surface and underground silver and gold mine, and associated milling operation, owned and operated by Coeur Mexicana, is located in the state of Chihuahua, Mexico. During the year ended December 31, 2012, Palmarejo produced 8.2 million ounces of silver and 106,038 gold ounces. The Company’s property position at Palmarejo is large, consisting of contiguous mining concessions totaling 30,278 acres (12,253 hectares or 47 square miles) in size located in the south east part of the state of Chihuahua. Of the total concessions, 32 concessions consisting of 47 square miles (12,204 hectares) are owned 100% by Coeur Mexicana. In addition to Palmarejo, the Company also controls 21,016 acres of concessions at the Yecora exploration-stage property located in Sonora, on the border with the state of Chihuahua, and 17,717 acres (7,170 hectares) of concessions at the La Guitarra exploration-stage property in Chihuahua, south-east of Palmarejo. The Palmarejo mine is located on the western flank of the Sierra Madre Occidental.
Bolivia - San Bartolome
The San Bartolome is an open pit silver mine, and associated milling operation, operated by Empresa Minera Manquiri SA (Manquiri), a wholly owned subsidiary of the Company, is located on the flanks of the Cerro Rico Mountain bordering the town of Potosi, Bolivia. During 2012, silver production was 5.9 million ounces. The mineral rights for the San Bartolome mine are held through joint venture and long-term lease agreements with independent mining cooperatives and the Bolivian state-owned mining organization Corporacion Minera de Bolivia (COMIBOL). Manquiri controls 47.93 square kilometers (11,578 acres) of land at San Bartolome around Cerro Rico under contracts and concessions and approximately 37.45 square kilometers of concessions at the Rio Blanco property, a gold exploration target south of Potosi.
USA - Alaska-Kensington Mine
The Kensington underground gold mine and associated milling facilities are located on the east side of the Lynn Canal about 45 miles north-northwest of Juneau, Alaska. During 2012, the Company’s production was 82,125 ounces of gold. Coeur Alaska, Inc., (Coeur Alaska), a wholly owned subsidiary of the Company, controls two contiguous land groups: the Kensington and Jualin properties. The Kensington property consists of 51 private lode and mill-site claims covering approximately 768 acres, 294 federal lode claims covering approximately 3,894 acres, and eight State of Alaska mining claims covering approximately 96 acres. The Company controls the Jualin Property, under a lease agreement with Hyak Mining Company, through the cessation of mining. The Jualin Property consists of 23 lode and mill-site claims covering approximately 381 acres, 438 federal lode claims and one mill-site claim covering approximately 8,617 acres, and 17 State of Alaska mining claims covering approximately 314 acres. The Kensington ore deposit consists of multiple gold bearing mesothermal, quartz, carbonate and pyrite vein swarms and discrete quartz-pyrite veins hosted in Cretaceous-aged Jualin diorite.
USA - Nevada-Rochester Mine
The Rochester mine is an open pit silver and gold mine, located in Pershing County, Nevada, which is located approximately 25 miles of the town of Lovelock. The Company owns 100% of the Rochester Mine through the Company’s wholly owned subsidiary, Coeur Rochester, Inc. (Coeur Rochester). The mine consists of the main Rochester deposit and the Nevada Packard deposit. During 2012, production at the Rochester mine was approximately 2.8 million ounces of silver and 38,066 ounces of gold.
Argentina - Martha Mine
The Martha underground silver and gold mine, and associated milling operation, owned and operated by Coeur Argentina S.R.L., a wholly owned subsidiary of the Company, is located in the Santa Cruz Province of southern Argentina. During 2012, production at the Martha mine was approximately 0.3 million ounces of silver and 257 ounces of gold. The mineral rights for the Martha property are fully owned by Coeur Argentina S.R.L. Mineral rights owned by Coeur Argentina S.R.L. in the Santa Cruz Province consists total 166 square miles of exploration concessions (cateos), 275 square miles (71,281 hectares) of discovery concessions (manifestaciones de descubrimiento), and three square miles (774 hectares) of exploitation concessions (concesiones de exploitacion).
Australia - New South Wales - Endeavor Mine
The Endeavor mine and associated mill facility is an underground silver and base metal operation located in north-central New South Wales, Australia, about 447 miles (720 kilometers) from Sydney. Access to the mine is by paved roads 30 miles (18 kilometers) to the northwest from the community of Cobar. During 2012, production at the Endeavor mine was .7 million ounces of silver.
Coeur Mining Inc
505 FRONT AVE.,
P.O. Box I
COEUR D'ALENE ID 83816