Coeur "s Kensington Mine Is in the background, watching GPG .
Reason is their mill could be running low on Reserves.
| PROVEN AND PROBABLE RESERVES |
| | | | | | | | | | |
| | | | | | | | | | |
| Kensington | 1,677,000 | 0.218 | - | - | - | 366,000 |
https://www.coeur.com/operations/operations/reserves-resources/
https://www.coeur.com/operations/mines/kensington-alaska/
A couple of years from now they will need more resources, and they are close by.
Reason i bring up is below off of the CEO Board:
@Novo2018 Does anyone think that the Herbert gold prospect could one day become a satellite deposit either for the Couer Kensington mine or the Hecla Greens Creek mine? Both are about the same distance away and could be supplied high-grade gold ore by barge. 0
@HRA-Coffin Possibly. Kensington in particular. They are talking about expanding their mill and its a "relatively" short barge haul from oceanfront near Herbert to Kensington. And they are the same geological model so there shouldn't be milling issues. I suspect Herbert would not have to get a lot bigger at current grades to have Coeur thinking about a bid. $GPG https://ceo.ca/gpg