Image: Palmarejo gold and silver complex in Mexico Source: Coeur Mining
Investment Thesis
Chicago-based Coeur Mining (CDE) fits perfectly with the profile of a North American gold/silver producer with a gold sale representing ~74% and a silver sale of ~26% of the total production in the first quarter of 2020. The Company operates only four North American mines after the recent decision on Silvertip. Palmarejo and Kensington mines are leading producers, whereas the Silvertip mine continues to be in a problematic ramp-up phase and will be closed until 2021.
Mitchell J. Krebs, president,