Loading ...with the kick-off of the crash of stocks and PMs today, in a few weeks or months CDE should visit the low $2 right range–I also like Hecla–these are not explorers or juniors at $30 to $50 silver–not to mention 100 to 500 silvers as some demented visionary seers have called for, these 2 companies should reward their bottom pickers handsomely..
.CDE–here are some comments by astute bloggers=
They sold their smallest mine (27,000 ounces production, less than 10% of their whole production) for $150m plus conditional $50m which is great. These $200m represent 25% of the current market cap – so the divestment is creating value in my opinion. They can use the proceeds to further develop their business without diluting or taking debt.
Also note the 50 million in cash that’s coming in the future from AU as soon as they have reached the set amount of ounced mined.
You wanted NEW MANAGEMENT Coeur has expanded NEW MANAGEMENT=
Rochestor build and refreshed Senior leadership starting with Mick Routledge brought in after 20 years and reaching the level of COO Kennecott Copper mine the largest in the world and the hiring of SNC Lavalin may have expoesed the inadequacy of Terry Smith and Hans Rassmussen.Rasmussen went from stating in 2020-2021 the most exciting of his life to taking a trip with COO Routledge to Kensington and announcing he was retiring
Somebody posted familar with Nevada operations that several Engineers were be turned over and surmised it maybe the Rio Tinto factor).The added bandwidth with addition of VP Projects Dan Einarson with 40 years at Rio Tinto and his experience with large Cap Ex global projects and complex processing and his time spent with affillates firms SNC Lavalin, ACECOM and Worsley.There was also the bringing in of Cody Southelin as VP of UU Projects that had 10 years at Rio Tinto. and more recently GM of Barrick Newmont Nevada.Then the addition of Aoife McGraph highly educated with two Master of Science degrees in Geology and District scale experience from Barrick as Senior VP Exploration Africa and Middle East.
Alim Visram after 12 years in global M&A is VP Corporate Development and came from senior Director of Strategic Matters Barrick.
A new Board member addition Jeane Hull has 35 year operational leadership and engineering,She was also a COO from RioTintos Kennecott Copper Mine as well as holding engineering and operational positions.
Tom Wheylan CFO from mining secor of Ernst & Young.
Coeurs labor force is garnering records for having no reported injury downtime for a year at Wharf and Rochestor one million man hours without reported injury downtime Also the Award winning sector leading ESG Program. all a reflection on culture change of labor force.
Coeur has now a refreshed Senior Executive Leadership with specific experience and talent to Coeurs Projects at Rochestor and Silvertip. The district scale exploration. of Silvertip ,Palmarejo,Sterling /Crown and Kensington. Alim Visran M&A, Tom Einarson Rochestor completion and Silvertip mill expansion . You wanted NEW MANAGEMENT Coeur has expanded NEW MANAGEMENT
Somebody posted familar with Nevada operations that several Engineers were be turned over and surmised it maybe the Rio Tinto factor).The added bandwidth with addition of VP Projects Dan Einarson with 40 years at Rio Tinto and his experience with large Cap Ex global projects and complex processing and his time spent with affillates firms SNC Lavalin, ACECOM and Worsley.There was also the bringing in of Cody Southelin as VP of UU Projects that had 10 years at Rio Tinto. and more recently GM of Barrick Newmont Nevada.Then the addition of Aoife McGraph highly educated with two Master of Science degrees in Geology and District scale experience from Barrick as Senior VP Exploration Africa and Middle East.
Alim Visram after 12 years in global M&A is VP Corporate Development and came from senior Director of Strategic Matters Barrick.
A new Board member addition Jeane Hull has 35 year operational leadership and engineering,She was also a COO from RioTintos Kennecott Copper Mine as well as holding engineering and operational positions.
Tom Wheylan CFO from mining secor of Ernst & Young.
Coeurs labor force is garnering records for having no reported injury downtime for a year at Wharf and Rochestor one million man hours without reported injury downtime Also the Award winning sector leading ESG Program. all a reflection on culture change of labor force.
Coeur has now a refreshed Senior Executive Leadership with specific experience and talent to Coeurs Projects at Rochestor and Silvertip. The district scale exploration. of Silvertip ,Palmarejo,Sterling /Crown and Kensington. Alim Visran M&A, Tom Einarson Rochestor completion and Silvertip mill expansion . You wanted NEW MANAGEMENT Coeur has expanded NEW MANAGEMENT