Coeur is an Idaho mining company that is mining and making profits where no one dared to venture before... and survive. Bolivia! El Cerro de Potosi! Coeur succeeds in dealing with Evo and yankee-hating communist Indigenous mining cooperatives to exploit the tailings of the legendary Cerro de Potosi silver mines, which still contain enough silver to be worthwhile.
The San Bartolomé open pit silver mine and associated milling operation, is operated by Empresa Minera Manquiri SA (“Manquiri”), a wholly-owned subsidiary of the Company. Access to the property and processing facilities is by paved and all-weather gravel roads leading south-southwest from Potosí. The Bolivian national mining company, Corporación Minera de Bolivia (“COMIBOL”), is the underlying owner of all of the mining rights relating to the San Bartolomé mine. COMIBOL has leased the mining rights for the surface deposits to several Potosí cooperatives. The cooperatives in turn have sub-leased their mining rights to Coeur, through Manquiri.
This Coeur stock is worth to follow.