Coeur Rochester Garners Top Safety Awards as Long-Life Silver/Gold Mine Prepares for Extended Mine Operations and Production
Coeur d′Alene Mines Corporation (NYSE:CDE)(TSX:CDM)(ASX:CXC) announced
today that its flagship Rochester mine and employees were recognized
with major 2010 safety awards presented for outstanding achievement by
the Nevada Mining Association (NVMA). Rochester remains on track to
further extend its mine operations later this year, with additional
silver and gold recovery beginning in 2011.
The NVMA presented Coeur Rochester its 2010 1st Place Safety
Achievement Award for the Open Pit ? Small Mine category. In June, the
mine passed a significant safety milestone by operating three years
without a lost time accident or reportable incident.
In addition, Coeur Rochester employee Richard Wagner received the NVMA
Individual Safety Award given to a safety professional. Rich directs the
mine's safety and loss control efforts., He has been with
Coeur at the Rochester Mine for over thirteen years, the last six years
in safety.
Wayne Maitaalso received the NVMA Individual Safety Award given
to a supervisor. Wayne supervises the leach crew. He has been with
Rochester for over thirteen years, the last five years as a
Leadman/Supervisor.
Rochester has produced over 125 million ounces of silver and over 1
million ounces of gold in 25 years of operations. In 2009, the mine
produced 2.2 million ounces of silver and 12,663 ounces of gold. The
mine is preparing to mine new ore zones this year which are expected to
extend mine life by an additional six years with average additional
production of 2.5 million ounces of silver and 33,000 ounces of gold.
Silver and gold mineral reserves at the beginning of the year totaled
25.9 million ounces silver and 232,000 ounces gold.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading silver
companies and also a significant gold producer. Coeur is also a
recognized leader in environmental stewardship and worker safety, with
nine national and international awards earned over the past year. The
Company′s three new long-life mines include the San Bartolom?ilver
mine in Bolivia which began operations in 2008, the Palmarejo
silver/gold mine in Mexico, which began operations in 2009, and the
Kensington gold mine in Alaska, which began production in June of this
year. The Company also owns underground mines in Argentina and one
surface mine in Nevada, and owns a non-operating interest in a low-cost
mine in Australia. The Company conducts exploration activities in
Alaska, Argentina and Mexico. Coeur common shares are traded on the New
York Stock Exchange under the symbol CDE, and the Toronto Stock Exchange
under the symbol CDM, and its CHESS Depositary Interests are traded on
the Australian Securities Exchange under symbol CXC.
Cautionary Statement
This press release contains forward-looking statements within the
meaning of securities legislation in the United States, Canada, and
Australia, 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, exploration
and financial data, and other statements in this presentation are based
on information that Coeur believes is reasonable, but involve
significant uncertainties affecting the business of Coeur, including,
but not limited to, future gold and silver prices, costs, ore grades,
estimation of gold and silver reserves, mining and processing
conditions, construction schedules, currency exchange rates, 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 SEC, the Canadian securities regulators, and the Australian
Securities Exchange, 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 fourth
parties in respect of Coeur, its financial or operating results or its
securities.
Coeur d′Alene Mines Corporation
Investors
Director of
Investor Relations
Deborah Schubert, 208-665-0332
Media
Director
of Corporate Communications
Tony Ebersole, 208-665-0777