Coeur Mining Inc (NYSE: CDE) stock surged 14.10% on December 17^th, 2018 (Source: Google finance) and continued its bullish momentum on December 18^th, 2018. The company has very recently provided an update on its 2018 exploration activities highlighting encouraging results from the recently acquired Sterling Mine in Nevada, the ongoing near-mine exploration at Palmarejo in Mexico, and positive results from Kensington in Alaska, Silvertip in British Columbia and Rochester in Nevada.

While drilling is ongoing, results from a new condemnation drill hole at Sterling returned 70.0 feet (21.3 meters) of 0.18 ounces per ton (“oz/t”) (6.1 grams per tonne (“g/t”)) gold near its historic leach pad. Large step out drill holes at the Daisy zone returned 40.0 feet (12.2 meters) of 0.13 oz/t (4.4 g/t) gold and 60.0 feet (18.3 meters) of 0.04 oz/t (1.4 g/t) gold; both holes are in oxidized mineralization. Recent drill results at the Elmira vein, located 1,200 feet (366 meters) east of the Kensington Mine, include 14.3 feet (4.4 meters) of 1.01 oz/t (34.5 g/t) gold. At the new Ophir vein, located approximately 4,000 feet (1,219 meters) west of the Kensington Mine, drill results returned 2.4 feet (0.7 meters) of 0.86 oz/t (29.5 g/t) gold. Due to their proximity to existing underground infrastructure, the Elmira and Ophir veins represent potential high-grade gold mineralization

Meanwhile, third quarter results were impacted by 11% and 7% lower average realized silver and gold prices, respectively, and by lower production levels at its Palmarejo and Wharf operations due to one-time events. AISC of $14.45 and $14.50 per average spot silver equivalent ounce for the third quarter and year-to-date, respectively, were below the Company’s full-year 2018 AISC guidance range of $14.75 – $15.25 per average spot silver equivalent ounce. Silver equivalent production increased 17% quarter-over-quarter and 26% year-over-year. Adjusted costs applicable to sales (“CAS”) per average spot silver equivalent ounce declined 4% quarter-over-quarter and 8% year-over-year to $11.42. Cash and cash equivalents of $104.7 million at September 30, 2018. Expanded revolving credit facility capacity to provide additional balance sheet flexibility.

The company completed acquisition of Northern Empire Resources Corp. (“Northern Empire”), which controls a 143 km2 (approximately 35,000 acres) land position in southern Nevada including the high-grade Sterling Gold Project and three nearby deposits known as the Crown Block. Also announced agreement to acquire assets from Alio Gold Inc. (“Alio Gold”) located next to Rochester including the Lincoln Hill Project, which provides significant operational synergies.