Coeur, either directly or through its wholly-owned subsidiaries, has interests in mining properties located in Argentina, Bolivia, Chile, Mexico and the United States.
The Company’s exploration strategy is largely focused on drilling activities on its large land positions surrounding existing operations. This strategy is expected to generate cost-effective, near-term additions to the Company’s substantial mineral reserve and resource base.
During 2013, the Company plans to invest $40 million in exploration with a goal to increase mineral resources and to further define its measured, indicated and inferred resources, which should drive increases in its mineral reserves. The Company will focus in 2013 on 1) continuing to drill the historic stockpiles at Rochester to add low-cost reserves and resources; 2) expanding the existing reserves and resources at Palmarejo, including the nearby Guadalupe and La Patria deposits; 3) adding high-grade mineral resources at Kensington; 4) expanding the size of the mineral resources at the Joaquin project in Argentina; and 5) exploring for new silver and gold deposits at all of our properties.