Coeur Plans Rochester Expansion
“Importantly, the project is supported by a technically sound foundation with robust economics that helps drive an anticipated step-change in Coeur’s cash flow profile, which we believe will fundamentally reposition the company and unlock meaningful long-term value for our stockholders.”
Rochester’s planned expansion under plan of operations amendment (POA 11) includes the construction of a new leach pad, a crushing facility equipped with two HPGR units, a Merrill-Crowe process plant, and related infrastructure to support the extension of Rochester’s mine life. The company plans to fund the project with a combination of cash on hand, internally generated cash flow from its four operating mines and existing debt capacity.
Coeur commenced early-stage earthworks and began establishing infrastructure for POA 11 in early August 2020. Major construction is expected to begin in 2021 and be largely completed by late 2022.