1. CDE produced 5.1m oz out of a total of 13.6m oz of silver from their Nevada properties in 2006. When do they expect to finish mining at Nevada?
Answer: By about the middle of this year.
2. Despite the answer to Q1, Nevada will continue to contribute some revenues for a number of years, due to an unusual property of the mining method. What is that unusual property?
Answer: It's expected that metal production will continue to about 2010 0r 2011 as a result of residual leaching.
3. In Q1/07, did any of CDE's producing properties increase their silver production?
Answer: No, but there are some mitigating circumstances. Production on a year on year basis showed an increase from some.
4. CDE's existing cash costs per oz are pretty good, at $3.85/oz (although their total costs are a fair bit higher). However, when they add in Palmerejo's participation, their cash costs per oz are estimated to decline to $1.79/oz. How low do CDE think Palmerejo's cash costs would be?
Answer: Can't remember. But from BSG's info production is expected to be about US$1.00/oz. after taking gold credits into account.
5. Based on the answer to Q3, above, True or false: Palmerejo is estimated to be one of the lowest cash cost silver mines in the World?
Answer: Yes.
Now how about looking at the substantial exploration upside ... such as at Cerro Bayo. It produced about 2.3 million ounces of silver and 40,000 ounces of gold last year.
More than 100 epithermal veins have been located within the 205 square mile property and this year Coeur is spending over US$4 million in further exploration there....etc.. etc...
BSG Price at posting:
0.0¢ Sentiment: None Disclosure: Held