Some analysts actually expected silver prices to remain bullish this week in anticipation of a weaker dollar. But the greenback flipped the script on the white metal, pushing prices down as low as $17.80 late Wednesday morning. Along with silver prices, one silver miner was breaking investors' hearts as well: Coeur d'Alene Mines.
Coeur d’Alene Mines Corp. posted a stronger-than-expected quarterly profit, recovering from a year-earlier loss, as silver production soared 74 percent, mostly from two new mines in Bolivia and Mexico. For full story, click here
Coeur d’Alene Mines Corp. posted on Thursday a second-quarter profit, as silver output soared 74 percent from two new mines in Bolivia and Mexico. For full story, click here
Coeur d’Alene Mines Corp. declared that first-quarter profit surged as silver output raised by 65 percent, especially from new mines in Mexico and Bolivia. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News Uncertainty over the future of the U.S. dollar and the global economy in general is understandably creating volatility in precious metals prices. After a close of $13.34/oz in New York on Friday, silver has started the week down as low as $12.99 on Monday. CrownForex analysts mark the [...]
Silver miner Coeur D’Alene reported that the company expects prices of the precious metal to rise above current levels, but they are likely to remain shy of the record levels touched in March 2008. Chief Executive Officer Dennis Wheeler, said: I wouldn’t sit here and forecast new highs for you. But I certainly feel quite [...]
By Melissa Pistilli-Exclusive to Silver Investing News On Tuesday, the silver price hit its lowest level in nearly a month as the equities market rebounded. The S&P 500 Index rose 1.5 per cent. “Another sector rotation could take place with speculative funds abandoning safe-haven assets to pile into oversold equity markets,” said Jon Nadler, senior [...]
Coeur D’Alene Mines Corp announced that fourth-quarter profit declined as precious metal prices were lower, but it said it would produce more gold and silver in 2009 at expected higher prices. For more information, click here
Coeur, which has no silver production hedged, is now producing silver at what is considered to be the world’s largest pure silver mine. For full story, click here
In its third quarter reults, Coeur reports 25% increase in quarterly silver output to 3.1 million ounces compared to Q2 and on track growth strategies. For full story, click here For company’s website, click here
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