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Coeur d' Alene (CDE) is the world's largest primary silver producer and has a strong presence in gold.
CDE has mines in Nevada, Chile, Argentina, Australia and advanced development projects in Bolivia (San Bartolome Silver Mine, which is expecting reasonable governamental proposals to revise tax and royalty structures) and Alaska (Kensington Gold Mine has a temporary injunction that affects some construction).
For the first six months of 2006, the company reported record net income (excluding the sale of assets) of $33.9 million, or $0.12 per diluted share, compared to a net loss of $2.8 million for the same period of 2005. Metal sales increased 50 percent to $98.9 million from $65.7 million in the year-ago period.
CDE has a sound financial structure and a solid operating performance.
Shares of CDE after deep correction are consolidating and remain with a positive outlook. The company has a bullish chart pattern with an inverted Head (3.93) and Shoulders (4.41 and 4.32) confirmed with target to around 6.30.
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