Coeur d'Alene Mines (NYSE:CDE) Finally Rewarding Shareholders

Shares of Coeur d'Alene Mines (NYSE:CDE) surged almost 14 percent on Monday, at one time almost reaching 15 percnet, as the ongoing bull market in precious metals finally has the stock pushing up big after languishing for almost a year-and-a-half until it started catching fire in August.

Of course they still have a long way to go get back to former levels, but those that invested in the last 6 to 8 months are not complaining in any way.

Motley Fool noted, "The miner posted solid fourth-quarter operating data boosted by this unrelenting bull market for both precious metals. Coeur's sales flew 75% higher, while cash flow rocketed 186% to reach $99.4 million for the period.

"Keeping consolidated 2010 cash costs under control at $7.07 per ounce of silver, during a transitional year that saw the launch of Coeur's Kensington gold mine in Alaska, the miner is well-positioned to enjoy a further 59% expansion of gold output, to 250,000 ounces during 2011 (from 157,000 ounces in 2010). Silver volumes are seen rising 19%, to 20 million ounces.

"At a moment when rival Hecla Mines (NYSE:HL) has exhibited some vulnerability stemming from environmental liabilities for historical mining operations, the long-awaited delivery of Coeur's multimine growth spurt has hit its stride at an opportune moment indeed. The field of U.S.-listed primary silver miners is relatively miniscule, with names like Pan American Silver (Nasdaq:PAAS) and Silver Standard Resources (Nasdaq:SSRI) rounding out a short list of the larger operators in the group. If Coeur d'Alene Mines can outmaneuver Hecla Mining going forward for the next wave of long-term silver production growth, the company has a chance to emerge as a dominant player."

Coeur d'Alene Mines closed Monday at $31.51, up $3.86, or 13.96 percent.