Coeur Mining, Inc. (NYSE:CDE) saw a 9.46% surge in stock price on Thursday, closing at $17.48 per share due to rising silver and gold prices after the Federal Reserve’s interest rate cut. The company also reported successful resource exploration at its Palmarejo complex in Mexico, indicating significant untapped potential.

Coeur Mining, Inc. (NYSE:CDE) is actively expanding through acquisitions and site developments, recently finalizing a $7 billion deal to acquire New Gold Inc. in Canada. The agreement involves Coeur acquiring all outstanding shares of New Gold in an all-stock transaction, benefitting both companies.

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Read more at Yahoo Finance: Coeur Mining (CDE) Climbs 9.5% as Fed Rate Cut Bolsters Silver, Gold