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Coeur d'Alene Hires New CFO

It turns out that Taseko Mines' loss is silver-and-gold miner Coeur d' Alene Mines' (NYSE: CDE  ) gain, in terms of a CFO.

Earlier this week, Taseko announced that its chief financial officer, Peter C. Mitchell, was leaving for a company it did not identify. On Wednesday, we learned the identity of the company when Coeur d' Alene announced Mitchell will become its own new CFO. Coeur had been without a CFO since Frank Hanagarne was promoted out of the office back in February to take over as the company's chief operating officer.

In a filing with the SEC, Coeur said Mitchell will be paid a base salary of $400,000 with an annual bonus targeting 75% of salary. He will also receive an initial grant of $200,000 worth of restricted stock units, and a targeted long-term equity incentive award of 225% of base salary.

Those dollar amounts might buy more shares of Coeur stock than usual. The company announced disappointing earnings this morning, with the result that its stock price had gotten 5% cheaper, trading as of this writing around $14.43.


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9/28/2016 1:03 PM
CDE $11.79 Down -0.01 -0.08%
Coeur Mining CAPS Rating: **