Why Coeur Mining is underperforming

By Vladimir Zernov
Daily Finance / The Motley Fool

The recent rise in silver prices has helped shares of most silver miners post solid gains so far this year. However, there is one exception to this trend — Coeur d’Alene Mines, which is up only 7% year to date. What’s holding this silver miner down?

Coeur d’Alene reported a 16% rise in silver reserves and a 12% increase in gold reserves at year-end 2013. These numbers look great, until we find out that the company used a $25 per ounce price assumption for silver and a $1,450 per ounce price assumption for gold.

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