Coeur D'Alene shores up coffers with $350 million note offering
Buffeted by a disimal silver prices, Coeur D'Alene (NYSE:CDE) announced a US$350 million senior note offering due 2020.
Funds will be used for "growth initiatives and for general corporate purposes"
Earlier this month the company announced a share repurchase program. The company is trading near its 52-week low at $17.10 a share.
Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver producer.
In the last four months, silver has dropped from $35oz to $27oz.