Tuesday, April 04, 2006

Coeur d'Alene Mines Corp. (CDE), (TSX:CDM) Review

Coeur d' Alene Mines Corporation (NYSE:CDE / TSX:CDM) is the world's largest publicly traded primary silver producer. In 2005, the Company produced almost 14 million ounces of silver and more than 130,000 ounces of gold at a cash operating cost of approximately $4.26 per ounce of silver.

Coeur has two of the largest silver mines in the U.S.; two expanding low-cost mines in southern Chile and Argentina; two low-cost mines in Australia and two advanced development projects, in Bolivia and Alaska. Coeur also owns large land positions around its two South American mines, where major exploration is ongoing in 2006.

The Company has no silver or gold production hedged.

CDE is certainly not the hottest silver stock you can find, CDE is still trading below the first Elliot wave high (Q1 2004). However the volume is decent and its worth to keep an eye on it and look for a possible entry point. Off course it all depends on the price of silver, but with silver going higher It will be reasonable to assume that Coeur d' Alene Mines Corporation will be able to surpass the Q1 2004 high.

Coeur d' Alene Mines Corporation (NYSE:CDE / TSX:CDM) chart

Coeur d' Alene Mines Corporation (NYSE:CDE / TSX:CDM) chart

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