as nyse cde industry mining founded 1928 headquarters chicago illinois united states key people mitchell j. krebs president and ceo robert e. mellor chairman of the board peter c. mitchell senior vp and cfo frank l. hanagarne jr . senior vp and coo products silver gold revenue us 895.49 million 2012 1 operating income us 153 545 million 2012 1 net income us 48.68 million 2012 1 number of employees 1898 december 31 2012 1 divisions coeur mexicana s.a. de c.v. coeur mexicana empresa minera manquiri manquiri s.a. coeur alaska inc. coeur rochester inc. coeur argentina s.r.l. website www.coeur.com coeur mining inc. is a precious metals mining company listed on the toronto and new york stock exchanges . it operates four mines from alaska to bolivia and has royalty interests in a four other operating mines . it employs close to 1900 people and in 2012 it was the world s 9th largest silver producer . 2 in 2013 the company changed its name to coeur mining inc. from coeur d alene mines 3 and moved its head office to chicago illinois from coeur d alene idaho . contents 1 history 2 operations 3 projects 4 coeur capital inc. royalties and investments 5 see also 6 references 7 external links history edit coeur mining was formed in 1928 to mine silver in the coeur d alene region of idaho . the company was an important mine operator in northern idaho for many decades and among others operated the coeur d alene silver mine the coeur mine and the galena mine . 4 coeur sold its remaining assets in the region in july 2006 . 5 in the past 30 years coeur has acquired and operated mines in the us mexico bolivia chile argentina and new zealand and has had operating interests in mines in australia . it has also held investments in various exploration and mining companies . for a short while it even manufactured hose duct and metal tubing . a short history of some of the key mines operated by coeur is outlined below . 6 7 1 1983 coeur acquired asarco s operating lease on the rochester mine in nevada . production began in 1986 and the mine continues to operate in 2016 . 8 1987 acquired a 50 % interest in the kensington property in alaska . the remaining 50 % was purchased in 1995 and production commenced in 2010 . 9 the mine continues to operate in 2014 . 1990 acquired the fachinal property in chile from a chilean exploration company . the underground gold silver fachinal mine also known as the cerro bayo mine was put into production in 1985 10 and closed in 2008 . the cerro bayo assets were sold in 2010 to mandalay resources corporation . 11 1991 coeur acquired all of the outstanding common stock of callahan mining corporation . 12 this acquisition included the galena mine and the flexaust company which manufactured flexible hose duct and metal tubing . coeur sold flexaust in 1995 . 10 1993 acquired an 80 % operating interest in the golden cross mine from cyprus gold new zealand limited . the mine is an underground and surface gold mine located near waihi new zealand . 4 the mine was closed in 1998 . 13 1994 coeur purchased controlling and operating interest in the underground gold silver el bronce mine near santiago chile from compania minera el bronce de petorca . 10 the mine operated until 2001 when it was shut down and coeur sold its interest in the project in 2002 . 1995 coeur and asarco placed their interests in northern idaho mines coeur galena and calday mines into a new corporation silver valley resources corporation . 10 the coeur mine was subsequently closed in 1998 and the galena mine continued to operate until 2006 when coeur sold its interests in silver valley resources to u.s. silver corporation . 5 1999 acquired the san bartolome silver project in bolivia from asarco . the san bartolome mine was put into production in 2008 and continues to operate in 2014 . 14 2002 coeur acquired the martha underground silver mine in argentina from yamana resources inc. 15 coeur operated the mine until september 2012 when it was shut down . 1 2005 acquired all of the silver production and reserves up to 20 million payable ounces contained at the endeavor mine in australia as well as all of the silver production and reserves up to 17.2 million payable ounces at the broken hill mine in australia . 16 2007 acquired the palmarejo project from bolnisi gold nl and palmarejo silver and gold corporation . the palmarejo mine was put into production in 2008 and continues to operate in 2014 . 14 2013 established coeur capital inc. to hold royalties and strategic investments . 17 operations edit kensington mine is an underground gold mine located in the alaskan panhandle about 75 km northwest of juneau alaska . the kensington property consists of 14 000 acres of mineral claims held by coeur alaska 18 a subsidiary of coeur mining . mining in the kensington region first took place in the late 1800s and early 1900s and has occurred intermittently since that time . 9 coeur acquired 50 % of the kensington property in 1987 and then 100 % in 1995 . after considerable exploration work involving option agreements with a number of different companies and a court case that contested permits issued by the us army corps of engineers the kensington mine was finally put into production on july 3rd 2010 . 9 1 the kensington mine is an underground vein style gold mine with several individual vein systems including the kensington eureka raven elmira and julian empire veins . 9 the mine uses the cut and fill or stope and fill underground mining method . in 2012 the mine produced 82 125 ounces of gold at a grade of 0.22 oz ton and a total production cost of 1865 oz . reserves at the end of 2012 were just over 1 million ounces of gold . 1 rochester mine is a heap leach surface silver and gold mine located in the humboldt mountains near lovelock nevada . the property consists of 9724 acres of mineral claims 8 in the district of the historic mining town of rochester nevada . historic mining in the rochester mine area occurred from 1909 to 1935 and consisted of underground mining of high grade silver and gold veins . coeur acquired the property in 1983 and restarted mining operations as a surface mine in 1986 . except for a three year shut down from 2007 to 2010 due to low reserves and metal prices the mine has operated continuously since re opening . 8 the rochester mine produces ore from a conventional open pit operation and from surface stockpiles of ore . the ore is processed using cyanide heap leaching to produce silver gold bars . in 2012 the mine produced 2.8 million ounces of silver and 38 066 ounces of gold at a grade of 0.55 oz ton silver and 0.0047 oz ton gold and at a total production cost of 14.05 per ounce of silver . reserves at the end of 2012 were 44.9 million ounces of silver and 308 000 ounces of gold . 1 palmarejo mine is a surface and underground gold and silver mine located about 420 kilometers by road southwest of the city of chihuahua in northwestern mexico . 14 the property consists of over 12 000 hectares of mineral claims encompassing several silver and gold veins systems . small scale underground mining for silver veins in the palmarejo area has occurred intermittently since the early 1800s . 19 coeur acquired the property in 2007 and mining commenced in 2008 . 14 the pamerejo mine produces ore from surface and underground operations that target a number of silver gold vein systems . the ore is processed using flotation and cyanide leaching to produce silver gold bars . 14 in 2012 the mine produced 8.2 million ounces of silver and 106 038 ounces of gold at a grade of 4.7 oz ton silver and 0.05 oz ton gold and at a total production cost of 19.26 oz of silver . reserves at the end of 2012 were 5.3 million ounces of silver and 665 000 ounces of gold . 1 san bartolom mine is a surface silver mine located near the historic mining city of potosi bolivia ; a world heritage site . 20 mining of silver and silver tin veins from cerro rico a volcanic mountain adjacent to potosi began in the mid 1500s and has been continuous for over 450 years . in the 1650s potosi was the largest city in the western hemisphere with 160 000 residents . 21 today up to 15 000 people make a living mining small underground silver tin veins . the property consists of approximately 4 800 hectares of surface mineral claims that encompass gravel deposits or silver bearing rock along the flank of cerro rico . 21 coeur acquired the san bartolome property in 1999 and began current mining operations in 2008 . the san bartolom mine involves free digging of mineralized gravels along the flanks of cerro rico . this material is processed in a conventional cyanide leaching operation using the merrill crowe process . 21 in 2012 the mine produced 5.9 million ounces of silver at a grade of 4.49 oz ton and at a total operating cost of 15.81 oz . at the end of 2012 reserves are at 109 million ounces of silver . 1 projects edit as of january 2014 coeur mining holds two main exploration projects joaquin in argentina and la preciosa in mexico . 22 joaquin is an advanced stage silver gold exploration project located in santa cruz province of southern argentina . gold and silver mineralization was discovered on the property by mirosal resources in 2004 . coeur began exploring the property in 2007 under an option agreement and acquired 100 % of the property from mirosal resources in 2012 . 23 the property contains oxide and sulphide silver gold mineralization in epithermal veins breccias and stockworks hosted in acid volcanic rocks of the deseado massif ; a well known mineralized belt in southern argentina . in january 2013 joaquin has a measured and indicated mineral resource estimate of 15.7 million tonnes at 128.9 g t ag and 0.12 g t au and an inferred mineral resource estimate of 1 million tonnes at 100.7 g t ag and 0.12 g t au . 23 la preciosa is an advanced stage silver gold project located in durango state mexico . coeur acquired the la preciosa property through the acquisition of orko silver corporation on april 16 2013 . 24 the property contains epithermal silver and gold veins and breccia bodies . as of july 26 2013 la preciosa had a measured and indicated mineral resource estimate of 51.9 million tonnes at 87.54 g t ag and 0.166 g t au and an indicated mineral resource estimate of 17.7 million tonnes at 66.31 g t ag and 0.106 g t au at a nsr cut off of 20.43 tonne . 25 coeur capital inc. royalties and investments edit coeur capital inc. was formed in 2013 to hold coeur s existing and future royalty and streaming interests along with its portfolio of strategic equity investments . in december 2013 coeur capital acquired global royalty corp a private company with royalty interests in mines in mexico and ecuador . as part of the acquisition mark kucher president and ceo of global royalty joined coeur capital as the managing director . 26 27 coeur capital holds a non operating interest in the endeavor mine in new south wales australia . it acquired this interest in 2005 for 44.0 million and it entitles coeur to all of the silver production and reserves up to 20.0 million