- Couer Mining released its Q3 results last week and saw a strong recovery from Q2 levels with Palmarejo back online now that Mexico has declared mining an essential business.
- While both gold and silver production was down year-over-year, revenue increased by 15% thanks to a sharp increase in metals prices.
- Couer Mining continues to be one of the most attractively priced metals producers from a valuation standpoint, trading at a discount to most of its peers.
- Given the company's improving earnings trend and strong sales growth, I believe that the $6.15 level will be a floor for the stock going forward.
For further details see:
Couer Mining: Record Quarter For Wharf Leads To Surge In Free Cash Flow