NYSE: CDE$4.85-0.16
Gold $1,775.30-0.09
Silver $18.05+0.12
Language ESP

Silvertip, British Columbia

Snapshot

The Silvertip mine is located in British Columbia, just below the Yukon border. Silvertip sits within a highly prospective 93,000-acre (37,650 hectares) land package. Silvertip was acquired by Coeur Mining in October 2017.

Coeur Mining has made the decision to temporarily suspend mining activities at Silvertip due to poor zinc and lead markets as well as ongoing operational challenges. The temporary suspension will allow for a reset. While mining activities are suspended, Coeur plans to (1) double its investment in exploration to with the goal of growing Silvertip’s high-grade deposit and extending its mine life and (2) carry out a feasibility study, which is expected to be completed this summer, to evaluate an expansion of the mill to increase throughput, allowing for increased production.

The goal is to restart mining and processing with:

  • Improved costs per unit of production
  • More stable operating environment
  • Longer mine life
  • Capability to withstand market changes

Coeur expects the earliest possible restart at Silvertip would be in late 2021, subject to the results of our exploration programs, the pre-feasibility study and market conditions.

Facts and Figures

Stage: Temporary Suspension of Mining and Processing Activies beginning February 2020
Location: 10 miles south of the Yukon Border
Type: Underground Mine
Metals: Silver, Zinc & Lead
Product: Concentrate
Ownership: 100%
Land position: 93,000 acres
2019 Production 1.1M oz Ag and 17.1M lbs Zn and 16.5M lbs Pb
2019 Proven and Probable reserves1:

14.9M oz Ag and 295.4M lbs Zn and 196.4M lbs Pb

2019 Measured and indicated resources1: 11.5M oz Ag and 305.0M lbs Zn and 143.9M lbs Pb
2019 Inferred resources1: 8.1M oz Ag and 182.1M lbs Zn and 105.2M lbs Pb

View Silvertip's most recent technical report here.

Please see Reserves and Resources statement

Effective Date: December 31, 2019