Coeur Mining
 |
|
| Public | |
| Traded as | : CDE |
| Industry | Mining |
| Founded | 1928 |
| Headquarters | Chicago, Illinois, United States |
|
Key people
|
Mitchell J. Krebs, President and CEO Robert E. Mellor, Chairman of the Board Peter C. Mitchell, Senior VP and CFO Frank L. Hanagarne, Jr,. Senior VP and COO |
| Products | Silver, gold |
| Revenue | US$665.777 million (2016) |
| US$69.104 million (2016) | |
| US$55.352 million (2016) | |
|
Number of employees
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1898 (December 31, 2012) |
| Divisions | Coeur Mexicana S.A. de C.V. ("Coeur Mexicana") Empresa Minera Manquiri ("Manquiri") S.A. Coeur Alaska, Inc. Coeur Rochester, Inc. Coeur Argentina S.R.L. |
| Website | www |
Coeur Mining, Inc. is a precious metals mining company listed on the Toronto and New York Stock exchanges. It operates four mines from Alaska to Bolivia and has royalty interests in a four other operating mines. It employs close to 1900 people and in 2012 it was the world’s 9th largest silver producer. In 2013 the company changed its name to Coeur Mining, Inc. from Coeur d’Alene Mines and moved its head office to Chicago, Illinois from Coeur d’Alene Idaho.
Coeur Mining was formed in 1928 to mine silver in the Coeur d’Alene region of Idaho. The company was an important mine operator in northern Idaho for many decades and among others operated the Coeur d'Alene Silver Mine, the Coeur Mine and the Galena Mine. Coeur sold its remaining assets in the region in July, 2006. In the past 30 years, Coeur has acquired and operated mines in the US, Mexico, Bolivia, Chile, Argentina and New Zealand and has had operating interests in mines in Australia. It has also held investments in various exploration and mining companies. For a short while, it even manufactured hose, duct and metal tubing. A short history of some of the key mines operated by Coeur is outlined below.
Kensington Mine is an underground gold mine located in the Alaskan panhandle about 75 km northwest of Juneau, Alaska. The Kensington property consists of 14,000 acres of mineral claims held by Coeur Alaska, a subsidiary of Coeur Mining. Mining in the Kensington region first took place in the late 1800s and early 1900s and has occurred intermittently since that time. Coeur acquired 50% of the Kensington property in 1987 and then 100% in 1995. After considerable exploration work involving option agreements with a number of different companies and a court case that contested permits issued by the US Army Corps of Engineers, the Kensington mine was finally put into Production on July 3rd, 2010. The Kensington mine is an underground vein-style gold mine with several individual vein systems including the Kensington, Eureka, Raven, Elmira and Julian-Empire veins. The mine uses the cut-and-fill or stope-and-fill underground mining method. In 2012, the mine produced 82,125 ounces of gold at a grade of 0.22 oz/ton and a total production cost of $1865/oz. Reserves at the end of 2012 were just over 1 million ounces of gold.
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Wikipedia