Extending the 6% rise they experienced in July, shares of Coeur Mining (NYSE: CDE), a diversified precious metals producer, soared 19% last month, according to data from S&P Global Market Intelligence. In addition to the company's reporting of a strong second quarter, investors responded to the overall uptick in the prices of gold and silver in the month.
Coeur Mining reported impressive quarter-over-quarter improvements at Silvertip, where silver, zinc, and lead production increased 44%, 43%, and 62%, respectively. But a look at the company's overall performance might have given some investors pause, for the company reported year-over-year declines of 7.9% and 4.4% in gold production and silver production. Turning to the cash flow statement, however, investors found causes for celebration.
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