Coeur Comments on Civic Unrest in Potosi, Bolivia
Coeur d′Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) today
commented on the general civic unrest taking place in Potosi near the
Company′s San Bartolom?ilver mine.
Humberto Rada, President of Coeur South America and Manquiri ? Coeur′s
Bolivian subsidiary ? stated, 'The ongoing civic unrest in Potosi is
driven by local issues and is not related to our operations at San
Bartolom?Workers from San Bartolom?ave been involved in a call for a
civic stand down of work activities in Potosi as a show of community
support, which has caused our operations to be temporarily stalled, and
has impacted other mining besides San Bartolom?n the Potosi area. We
are hopeful that the civic dispute will be settled soon.?
The Company is maintaining its production guidance for the mine for 2010.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading silver
companies and also a growing gold producer. Coeur is also a recognized
leader in environmental stewardship and worker safety, with 13 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 third 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
or
Media
Director
of Corporate Communications
Tony Ebersole, 208-665-0777