Coeur Granted Court-Imposed Injunction in Rochester Claim Dispute
Coeur d′Alene Mines Corporation (NYSE: CDE) (TSX: CDM) reports that the
state district court in Pershing County, Nevada granted, in part, Coeur
Rochester′s motion for a preliminary injunction against Rye Patch Gold
Corp. preventing Rye Patch from entering Coeur Rochester′s active mining
areas. Mining operations at the Rochester mine site remain unencumbered
by this decision and exploration activities continue.
The court-ordered injunction remains in place until resolution of
Coeur′s legal complaint regarding certain disputed unpatented claims.
This new injunction order supersedes the Temporary Restraining Order the
judge implemented on December 5, 2011 against Rye Patch. The underlying
legal action in this case will continue and discovery will commence with
a trial expected in 2012.
While the dispute has no effect on Coeur′s Rochester mineral reserves,
it may have a minimal impact on the Rochester property′s year-end 2010
estimated additional mineral resources. Coeur cannot predict the outcome
of this matter, including legal outcomes or the potential for
diminishment of its Rochester property package.
Cautionary Statement
This news release contains forward-looking statements within the meaning
of securities legislation in the United States and Canada, including
statements regarding anticipated operating results. Such statements are
subject to numerous assumptions and uncertainties, many of which are
outside the control of Coeur. Operating, production, reserves and
mineralized material information regarding the Rochester silver-gold
mine, and such estimates, the outcome of the legal and technical
analysis of the Rochester property and unpatented claims, allegations of
competing unpatented property claims and other third party
characterizations, financial position of Coeur to pursue legal and
technical undertakings, length of time to a resolution, and other
statements in this release are based on information that Coeur believes
is reasonable, but involve significant uncertainties affecting the
business of Coeur, including, but not limited to, outcome of legal
action, future gold and silver prices, costs, ore grades, estimation of
gold and silver reserves, mining and processing conditions, construction
schedules, currency exchange rates, the risks and hazards inherent in
the mining business (including environmental hazards, industrial
accidents, weather or geologically related conditions), regulatory and
permitting matters, as well as other uncertainties and risk factors set
out in filings made from time to time with the United States Securities
and Exchange Commission, and the Canadian securities regulators,
including, without limitation, Coeur′s reports on Form 10-K and Form
10-Q. Actual results, developments and timetables could vary
significantly from the estimates presented. Readers are cautioned not to
put undue reliance on forward-looking statements. Coeur disclaims any
intent or obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, Coeur undertakes no obligation to comment on analyses,
expectations or statements made by third parties in respect of Coeur,
its financial or operating results or its securities.
Donald J. Birak, Coeur's Senior Vice President of Exploration and a
qualified person under NI 43-101, supervised the preparation of the
scientific and technical information concerning Coeur's mineral projects
in this news release. For a description of the key assumptions,
parameters and methods used to estimate mineral reserves and resources,
as well as data verification procedures and a general discussion of the
extent to which the estimates may be affected by any known
environmental, permitting, legal, title, taxation, socio-political,
marketing or other relevant factors, please see the Technical Reports
for each of Coeur's properties as filed on SEDAR at www.sedar.com.
Cautionary Note to U.S. Investors ? The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can
economically and legally extract or produce. We use certain terms in
this presentation, such as 'measured,? 'indicated,? and 'inferred
resources,? that are recognized by Canadian regulations, but that SEC
guidelines generally prohibit U.S. registered companies from including
in their filings with the SEC. U.S. investors are urged to consider
closely the disclosure in our Form 10-K which may be secured from us, or
from the SEC′s website at http://www.sec.gov.
Coeur d′Alene Mines Corporation
Media Inquiries:
Stefany Bales
Director
of Corporate Communications
208-667-8263
or
Investor
Relations:
Wendy Yang
Vice President of Investor Relations
208-665-0345
www.coeur.com
