CDE: This Doesn’t Make Much Sense!
Posted on June 11th, 2008 by MoverMike
Coeur d’Alene (CDE) says its Palmarejo venture boosts company silver reserves by 29 percent:
The feasibility study of the company’s Palmarejo silver and gold project indicates that companywide reserves have increased to 278.8 million ounces.
Also, production from Palmarejo is expected to increase the company’s overall silver output 28 percent next year to an estimated 23.6 million ounces.
Palmarejo has increased the companywide gold reserves by 50 percent to 2.2 million ounces.
The stock of CDE just made a new three-year low (see chart)
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