The Prospector - View All

Deferring Construction on the La Preciosa Project

August 12, 2014

by Joe Phillips, Senior Vice President and Chief Development Officer - On July 30, 2014, Coeur announced results from the feasibility study on our La Preciosa silver-gold project located in the state of Durango, Mexico and our decision to defer construction activities at this time. As our President & CEO, Mitch Krebs, stated in the announcement, our decision to defer construction is an economic one, driven by a 29 percent decrease in silver prices since we announced the acquisition of Orko Silver and its key asset, La Preciosa, in February 2013.The decision is a prime example of how Coeur is differentiating itself with a disciplined approach to mining projects. The question is not if La Preciosa will be built, the question is when is the right time?

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Coeur Mining, Inc.
104 S. Michigan Avenue, Suite 900 Chicago, Illinois, 60603 - (312) 489-5800