Image: Palmerejo gold and silver complex in Mexico Source: Coeur Mining
Investment Thesis
The Chicago-based Coeur Mining (CDE) fits perfectly the profile of a gold/silver producer with a gold sale representing 69% and a silver sale of 29% of the total revenue this quarter.
The company operates five North American mines, with Palmerejo and Kensington mines as leading producers and Silvertip is in a ramp-up phase.
As a reminder, Coeur Mining closed a significant deal with Alio Gold (ALO) for the acquisition of the Lincoln Hill Project and other mineral assets.