July 21, 2015
By Cástulo Molina, Senior Vice President, Coeur Mexicana - Coeur’s recent acquisition of Paramount Gold and Silver Corp. significantly expanded our Company's mining footprint in Mexico and, specifically, in what we are now calling the Palmarejo District. Paramount's San Miguel mining project neighbors Coeur's Palmarejo, Mexico silver-gold mine. The acquisition of this project provides an opportunity to mine high-grade ore to supplement what Coeur's subsidiary, Coeur Mexicana, is currently mining in the Guadalupe deposit. Expanding our mining operations in the Palmarejo District has three major benefits. First, it is a logical and strategic next step for our mining operation at Palmarejo. Because the San Miguel project is adjacent to Coeur's current operations, there are many synergies that can be achieved, including taking advantage of currently unused capacity in our mill.