Coeur considers Sprott's advice

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Source: Commodityonline

Coeur, the largest white metal producer in US, is discussing Sprott's advice of holding a part of total reserves in the commodity instead of holding them in cash. Weak USD prices stimulate demand for gold and silver, said Mitchell Krebs, CEO of Coeur. The company expects prices of the white metal to rise as turmoil in financial system continues and plans to manufacture 19.5 million ounce of the commodity in 2011.

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