Full Production Resumes at Coeur d′Alene Mines′ Palmarejo Mine
Coeur d′Alene Mines Corporation (NYSE:CDE)(TSX:CDM) announced today that
full production has resumed at its Palmarejo Mine after the small group
of employees who had been blocking access to the mine agreed to return
to work.
Palmarejo management acknowledges the critical support and assistance of
the Chihuahuan government authorities in helping to bring this situation
to a swift and safe resolution.
The temporary shut-down is not expected to have a material impact on
2012 production at Palmarejo.
Cautionary Statement
This news release contains forward-looking statements within the meaning
of securities legislation in the United States and Canada. Words such as
'expects,? 'anticipates,? 'goals,? 'plans,? 'believes,? 'continues,?
'may,? 'will? and similar expressions are intended to identify
forward-looking statements. Examples of forward-looking statements
include, but are not limited to, statements we make regarding
anticipated operating results including production. These statements are
based on information that Coeur believes is reasonable, but involve
significant uncertainties affecting the business of Coeur that could
cause actual results to differ materially from those in the
forward-looking statement including, but not limited to, the duration of
the current Palmarejo mine shut-down, future gold and silver prices,
costs, ore grades, estimation of gold and silver reserves, mining and
processing conditions, construction schedules, currency exchange rates,
the expected cost of capital expenditures and the completion and/or
updating of mining feasibility studies, changes that could result from
future acquisitions of new mining properties or businesses, the risks
and hazards inherent in the mining business (including environmental
hazards, industrial accidents, weather or geologically related
conditions), regulatory and permitting matters, risks inherent in the
ownership and operation of, or investment in, mining properties or
businesses in foreign countries, 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 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.
About Coeur
Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver
producer and a growing gold producer. The Company built and commenced
production from three wholly-owned, long-lived mines between 2008 and
2010: the San Bartolom? silver mine in Bolivia, the Palmarejo
silver-gold mine in Mexico and the Kensington gold mine in Alaska.
Further production has commenced from a new heap leach pad at Coeur's
long-time Rochester silver-gold mine in Nevada. The Company also owns
and operates the Martha silver-gold mine in Argentina and owns a
non-operating interest in a silver-base metal mine in Australia. Coeur
conducts ongoing exploration activities near and within its operating
properties in Argentina, Mexico, Alaska, Nevada and Bolivia. In
addition, Coeur owns strategic minority shareholdings in five silver
development companies in North and South America.
Coeur d′Alene Mines Corporation
Stefany Bales, Director of
Corporate Communications
(208) 667-8263
or
Tom Angelos,
Senior Vice President & Chief Compliance Officer
(208) 665-0337
www.coeur.com
