Coeur CEO Sees Silver Rout Overdone as Demand to Rebound
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Coeur Mining Inc., which started mining silver almost a century ago in the Rocky Mountains of Idaho, said a price slump for the precious metal is probably exaggerated as demand surged last year.
Silver used in electronics, which represents about half of industrial demand, will rise as much as 5 percent this year, Chief Executive Officer Mitchell Krebs said in an interview from Toronto. A rebound in investor appetite for silver bars and coins will also aid the recovery, he said. Shares gained.