By Shane Lasley
Mining News
Silvertip boosts Coeur silver reserves
BC mine lifts company's reserves by 14 percent, grade by 13% North of 60 Mining News – January 4, 2019
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Last updated 9/25/2020 at 10:35am
Coeur Mining Inc.
The sunset paints the sky over Coeur Mining's Silvertip Mine, a northern B.C. operation with 1.6 million metric tons of reserves averaging 289 grams per metric ton (14.98 million oz) silver, 8.2 percent (292.71 million pounds) zinc and 5.6 percent (198.66 million lb) lead.
Coeur Mining Inc. rolls into 2019 with more silver reserves at higher grades, thanks to a maiden reserve calculation for its Silvertip Mine in the far north reaches of British Columbia.
Coeur acquired Silvertip from JDS Silver Inc. in October of 2017 for US$250 million – US$200 million at the time of the purchase plus US$50 million to be paid when certain production and permitting milestones...
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