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The Silvertip of the iceberg

Coeur Mining’s (US:CDE) purchase of the Silvertip mine in northern British Columbia will give the US silver miner a sixth producing mine and an approximate 25% boost in production, but the icing on the cake could come from lower extraction costs and the exploration potential of the project.

The Silvertip of the iceberg The Silvertip of the iceberg The Silvertip of the iceberg The Silvertip of the iceberg The Silvertip of the iceberg

Silvertip in British Columbia boasts annual production of about 10M silver equivalent ounces

Coeur will pay US$250 million in cash and stock for JDS Silver, which owns Silvertip, with $50 million of the purchase price dependent on certain permitting and production milestones.

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