Gold and silver stocks have been burning up the big boards lately, and the fire has finally spread to longstanding underperformer Coeur d'Alene Mines
Coeur's shares exploded as much as 15% higher Monday, after the miner posted solid fourth-quarter operating data boosted by this unrelenting bull market for both precious metals. Coeur's sales flew 75% higher, while cash flow rocketed 186% to reach $99.4 million for the period.
Keeping consolidated 2010 cash costs under control at $7.07 per ounce of silver, during a transitional year that saw the launch of Coeur's Kensington gold mine in Alaska, the miner is well-positioned to enjoy a further 59% expansion of gold output, to 250,000 ounces during 2011 (from 157,000 ounces in 2010). Silver volumes are seen rising 19%, to 20 million ounces.
At a moment when rival Hecla Mines
With one Deutsche Bank analyst placing a $54 price target on the stock last month, some of that potential strategic growth momentum may be gaining recognition. Of course, gold and silver price forecasts also work their way into bullish outlooks for stocks like Coeur, and CEO Dennis Wheeler remains "bullish on both metals given continued robust investment and monetary demand for both silver and gold, along with growing industrial demand." Goldcorp
Of significant interest to Fools who tracked the exciting story regarding Paramount Gold's
If this and other dramatic turns of events in the never-boring silver mining industry pique your Foolish curiosity, be sure to add these stocks to your free, personalized watchlist and follow all the precious news to come.
Fool contributor Christopher Barker can be found blogging actively and acting Foolishly within the CAPS community under the username TMFSinchiruna. He tweets. He owns shares of Coeur d'Alene Mines, Goldcorp, Hecla Mining, Pan American Silver, Paramount Gold, and Silver Standard Resources. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a colloidal disclosure policy.