Why Coeur Mining Stock Popped Today
Coeur Mining (NYSE: CDE) stock jumped 5.7% through 11:15 a.m. ET Wednesday after updating last night its year-end totals for "mineral reserves and resources" through the end of 2025.
The highlight: Coeur has at least 4.4 million ounces of gold in the ground. At current prices of $5,020 an ounce, Coeur's gold alone is worth $22.1 billion -- 49% more than Coeur's own stock is worth.
Image source: Getty Images.
Source Fool.com
