Temporary Injunction Affects Some Construction at Kensington
August 25 2006 - 10:00AM
PR Newswire (US)
COEUR D'ALENE, Idaho, Aug. 25 /PRNewswire-FirstCall/ -- Coeur
d'Alene Mines Corporation (NYSE:CDENYSE:TSX:NYSE:CDM) has been
notified that a two judge motions panel in the U.S. Ninth Circuit
Court of Appeals in San Francisco has issued a temporary injunction
against some construction activities at the Kensington Gold mine
site, near Juneau Alaska, at the request of plaintiffs Southeast
Alaska Conservation Council and the Sierra Club. The temporary
injunction only impacts work in the tailings facility area. The
temporary injunction applies pending Ninth Circuit Court expedited
review of the plaintiffs' appeal of the recent Alaska Federal
District Court decision that dismissed the plaintiffs' complaint
and upheld the U.S. Army Corps of Engineers permit issued to Coeur
for the Kensington tailings facility. The temporary injunction does
not address the merits of the plaintiffs' appeal. Dennis E.
Wheeler, Chairman, President and Chief Executive Officer commented,
"While we are disappointed with the temporary injunction, we
continue to believe we will prevail on the merits. The project
permits have withstood numerous administrative and legal
challenges, and we will continue to vigorously defend the permits
that have been granted and upheld by the federal district court."
Coeur d'Alene Mines Corporation is the world's largest publicly
traded primary silver producer and has a strong presence in gold.
The Company has mining interests in Alaska, Argentina, Australia,
Bolivia, Chile, and Nevada. Cautionary Statement Company press
releases may contain numerous forward-looking statements within the
meaning of securities legislation in the United States and Canada
relating to the Company's silver and gold mining business. Such
statements are subject to numerous assumptions and uncertainties,
many of which are outside the Company's control. Operating,
exploration and financial data, and other statements in this
document are based on information the Company believes reasonable,
but involve significant uncertainties as to future gold and silver
prices, costs, ore grades, estimation of gold and silver reserves,
mining and processing conditions, currency exchange rates, and the
completion and/or updating of mining feasibility studies, changes
that could result from the Company's future acquisition 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 the Company's filings from time to time with the SEC and
the Ontario Securities Commission, including, without limitation,
the Company's reports on Form 10-K and Form 10-Q. Actual results
and timetables could vary significantly from the estimates
presented. Readers are cautioned not to put undue reliance on
forward-looking statements. The Company disclaims any intent or
obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or otherwise.
Contact: Scott Lamb 208-665-0777 DATASOURCE: Coeur d'Alene Mines
Corporation CONTACT: Scott Lamb, +1-208-665-0777, for Coeur d'Alene
Mines Corporation
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