Coeur (CDE) To Grow Via Acquisitions Says CEO

CEO of Coeur d'Alene Mines (NYSE:CDE) Dennis Wheeler says he sees commodity prices rising for some time to come, and has a goal of boosting production to 20 million ounces in 2011.

He also said as to long-term growth of the company, that he sees Coeur growing through acquisitions; whether it's a company or an existing project.

Growing through acquisitions speak to a couple of things. One, Coeur d'Alene Mines may not have much in the way of ancillary metals at its existing projects, meaning they couldn't expand much out from their major areas to less productive, but still profitable ones.

Either that, or the company doesn't want to spend more money per ounce to dig out less quality ore.

With premiums being placed on commodity companies and assets, it appears if Coeur wants to grow through acquisitions they're going to have to pay a premium to get it.

Coeur d'Alene Mines closed Friday at $34.54, dropping 0.13, or 0.37 percent.