BMO Capital Markets Comments on Coeur D'Alene Mines

BMO Capital Markets provided color on Coeur D'Alene Mines CDE in a research report published today. BMO Capital Markets has an Outperform rating and $38 price target on Coeur D'Alene Mines. In the report, BMO Capital Markets states, "CDE is nearing the final stages of completion on the construction of a new leach pad (“Phase III”), which is expected to increase annual production by 2.4Moz silver and 35.0koz gold at by-product cash costs of $10-12/oz. " Later in the report, BMO Capital Markets notes, "Furthermore, CDE is undertaking a drill campaign in H2/11 and 2012 at Rochester in order to expand and true up existing resources. . . BMO is encouraged to see the Rochester re-start on schedule." Shares of Coeur D'Alene Mines were trading at $22.62 at the time of posting, reflecting no change from Friday's market close.