RE:RE:Coeur Mining hit another 52 week low today!I don't advise.
Valuation of Coeur is subiective .
The just sold Preciosa for 16% of Avino shares and warrantscash and a NSR and GSR.
Contingencies imet the deal is around 90million.Avin has all Mexican worfore has beem owned by Wolfin family 53 years .Now will have 235 million in M&I.In production spare capacity in refurbished mill,water well and spare electricity on power line.
The Avino mine is underground and they intend mining high grade Gloroia and Abanduncia.There is am adit and some underground saving development costs.In preduction 2-3million silver equivalents .The locals and town have longstanding relationship.
Silvertip results so phenomenal that they need an even larger mill than the present expansion.The brakes are on from an accellerated program.
Kensington got Record of Decision with phase onecan immediately start allowing continued production.
Rochestor ran into soft ore a first encounter it comes with fines issue and screens being installed at seconary and small HPGR crusher if resultsmeet expectation this will delay production 6-8months when main large HPGR.Huge exploration program successful at all mines new discoveries ,extensions and infill.
Record free cash flow at thee mines last year 62million kensington,74 million Wharf and 94 at Palmarejo ieven with a quarter suspwnsion for Covid..
Listened to Krebs fireste chat RBC the small expansion came back way to high the sweet spot for larger expansion 400mill and obsoltetes permits in hand as well as amendments..
Getting to deep value territory..
Krebs is not happy with rule pof Law in Mexico been in court try to get 42 million owed VAT Refund.And more taxes and increase of Royalty.Krebs wants to keep metal mix favoring gold-silver is to volatile to plan.
Silvertip tech report delayed a bit without it no way to judge cost,production IRR