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Coeur Mining Provides Palmarejo and Kensington Exploration Update
There has been positive results at new Nación-Dana deposit at Palmarejo. An accelerated program has led to discovery of seven new veins near existing development at Palmarejo, announced Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) newly.
Now the Coeur Mining provided an update on encouraging results from its expanded Palmarejo and Kensington exploration programs. The primary objectives of these recently accelerated programs are to (i) discover and delineate
additional adjacent, high-grade resources near current operations and (ii) upgrade higher-grade resources to reserves to extend mine life.
Drilling at these two properties comprised approximately two-thirds of the Company’s total year-to-date (through September 30, 2017) exploration expense of $22.4 million ($15.0 million expensed, $7.4 million capitalized). Since the second half of 2016, exploration levels at Palmarejo have increased 88% while Kensington’s exploration expenditures have nearly tripled.
Coeur Mining, Inc. is a diversified, growing metals producer with six mines in the Americas employing approximately 2,300 people. Coeur’s wholly-owned operations include the Palmarejo silver-gold complex in Mexico, the Silvertip silver-zinc-lead mine in British Columbia, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the San Bartolomé silver mine in Bolivia. In addition, the Company owns the La Preciosa project in Mexico, a silver-gold exploration stage project. Coeur conducts exploration activities in North and South America.Source: Coeur Mining