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Why Coeur Mining Stock Popped Today

TheMotleyFool

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Why Coeur Mining Stock Popped TodayPhoto, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

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

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