- Coeur Mining released its updated mineral reserve estimate last month, reporting significant growth in gold and silver resources year-over-year.
- The most significant reserve additions came from Palmarejo and Rochester, with Palmarejo's mine life now above 7 years based on solely reserves.
- The only negative development was minimal reserve addition at Kensington, which is now sitting at a sub 3-year mine life based on FY2021 production guidance.
- While the FY2020 mineral reserve update was mostly positive, I continue to see Coeur Mining as a relatively expensive way to play the metals sector at an earnings multiple above 19.
For further details see:
Coeur Mining: A Substantial Increase In FY2020 Mineral Reserves