Market Reacts Strongly to Coeur Mining (CDE) Sharing Exploration News

Coeur Mining, Inc. (NYSE:CDE) is one of the 11 Best Gold Stocks to Buy According to Hedge Funds. On September 3, Coeur Mining, Inc. (NYSE:CDE) shared updates about its exploration work at its Kensington underground gold mine in Alaska and its Las Chispas underground silver and gold mine in Sonora, Mexico.

The company acquired Las Chispas in February 2025. Since then, Coeur Mining, Inc. (NYSE:CDE) has raised its scout and expansion drill program, which has expanded resources in important veins within the Gap Zone and the Las Chispas Block. Extremely high-grade intercepts returned in the Las Chispas Block, which includes an assay of 1.4 feet at 390 ounces per ton on a silver equivalent basis. Such grades are rarely seen outside of the Babicanora Block according to Mitchell J. Krebs, Chairman, President, and CEO of Coeur Mining, Inc. (NYSE:CDE).

At Kensington, the company recently finished a multi-year exploration and development program that helped extend the reserve-based mine life to five years. This work is helping replace depletion and also providing the mine with improved operational flexibility. It is also helping the company identify potential sources of higher-grade material. Coeur Mining, Inc. (NYSE:CDE) discovered a new area called Elmira Hanging Wall Mineralization, which presents an opportunity for future expansion.

Since the company reported these updates on September 3, Coeur Mining, Inc.’s (NYSE:CDE) stock price is up by 40% as of October 10.

Coeur Mining, Inc. (NYSE:CDE) is an American precious metals producer with operations in North America.

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Disclosure: None. This article is originally published at Insider Monkey.