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Properties endeavor MINE (AUSTRALIA)In April, 2005, Coeur acquired the entire estimated silver reserves and production of the Endeavor mine in Australia for US$38.5 million. The Endeavor mine, which is owned and operated by CBH Resources Ltd. of Australia, produces approximately 1 million silver ounces per year. Total proven and probable silver reserves measure 32 million ounces. Under the terms of the agreement, Coeur is entitled to receive a maximum of 20 million payable ounces from the current contained resource at the Endeavor mine. The Endeavor mine is a lead/zinc/silver mine located in New South Wales and first commenced production in 1983. |
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