The 100%-owned Galena Complex is located in Idaho’s prolific Silver Valley, a district famous for producing silver, lead, zinc and copper from such well-known operations as the Bunker Hill, Sunshine and Lucky Friday mines. The Galena Complex has more than 50 years of operating history with total production of more than 250 million ounces of silver along with by-product lead and copper. The Company’s claim holdings cover nearly 9,000 hectares. The property hosts three active shafts and two process facilities, the Galena mill which currently produces a silver-lead concentrate and the Coeur mill which is on care-and-maintenance.
The Complex was acquired through the business combination with U.S. Silver & Gold Inc. in 2014. Management has been able to reduced cash cost per silver ounce more than 50% by focusing on cost control and operating efficiencies.
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